1200sqm Residential Land for Sale, Lekki Phase 1

1200sqm Residential Land for Sale, Lekki Phase 1 - 1
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Price Analysis Above Market

Based on 1258 similar listings

Market Demand

High Demand

Details

Type
Residential Land
Title
Certificate of Occupancy
Address
Lekki phase one
Listing by
Agent
Property Use
Residential
Square meters
1,200 sqm
Type of Purchase
Outright Price
Development Status
Fully Developed

1200sqm Residential Land for Sale, Lekki Phase 1 Highlights

  • Prime Location: Residential land in established neighborhoods offers access to existing infrastructure and amenities. Proximity to commercial centers and transport links is a key consideration.
  • Generous Plot Size: A 1200 sqm plot provides ample space for constructing a substantial family home with potential for gardens or additional structures. This size allows for flexible architectural designs.
  • Ready for Development: Fully developed land often means essential services like water and electricity are accessible. This can significantly reduce the time and cost of starting construction.
  • Secure Land Title: A Certificate of Occupancy (C of O) is a recognized land title document in Nigeria, signifying legal ownership and the right to develop the property. It is crucial for property transactions.
  • Residential Zoning: Land zoned for residential use is designated for housing, ensuring a community focused on living spaces. This typically means fewer commercial disturbances.

Description

• 1,200 sqm residential plot in prime Lekki Phase 1. • Approved building permit for a 16-flat apartment building on 4 floors. • Governor's Consent title deed ensures clear ownership. • Construction is already underway, including piling, reinforcing iron, granite, and sand on site. • Ideal for investors seeking to continue an existing development project, saving time and costs. • Located in a highly sought-after area with excellent potential for return on investment. • The property is sold as a complete package with existing construction works and materials.

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TypeResidential LandResidential LandMixed-use Land
TitleCertificate of OccupancyCertificate of OccupancyCertificate of Occupancy
AddressLekki phase oneMaitamaOff Freedom Way, Lekki Phase 1, Lagos
Listing byAgentAgentAgent
Property UseResidentialResidentialResidential
Square meters1,200 sqm834 sqm2,000 sqm
Type of PurchaseOutright PriceOutright PriceOutright Price
Development StatusFully DevelopedFencedFully Developed
Price₦ 2,400,000,000₦ 2,200,000,000₦ 2,000,000,000