8,000 SQM Commercial Land

Property Details Location: Ogombo, Ajah, Lekki, Lagos Property Type: Land Land Size: 8,000 SQM Transaction: For Sale Asking Price: ₦550,000 per SQM Estimated Total Land Value: ₦4,400,000,000 Potential Use: Commercial or mixed-use development, subject to planning approval Title and Parcel Verification: Pending independent confirmation Zahari View An 8,000 SQM parcel of land is being offered for sale in Ogombo, Ajah, Lekki, Lagos, at a stated asking rate of ₦550,000 per SQM, representing an estimated total land value of ₦4.4 billion. The size of the landholding may interest developers and investors assessing opportunities for commercial, residential or mixed-use projects. Potential concepts could include a retail complex, residential apartments, hospitality facilities or institutional development, depending on the property's verified land-use classification and the approvals available for the site. Before proceeding, prospective buyers should establish the exact parcel identity, confirm the seller's authority to transact and independently verify the title documentation. The development potential should also be assessed against applicable planning regulations, infrastructure requirements and the financial feasibility of the proposed project. Property Highlights 8,000 SQM landholding. Located in Ogombo, Ajah, Lekki, Lagos. Asking rate of ₦550,000 per SQM. Estimated total land value of ₦4.4 billion. Potential for commercial or mixed-use development, subject to approvals. Possible concepts include retail, residential, hospitality or institutional projects. Exact parcel identity, title and source authority require confirmation. Why This Property Deserves Attention The land size provides a substantial footprint for developers evaluating projects that may require space for buildings, access, parking and supporting infrastructure. For a commercial developer, the site's suitability will depend on road access, visibility, surrounding land uses, utility availability and the permitted development parameters. For a residential or mixed-use proposal, density, parking, drainage and the relationship between the intended use and local planning requirements will be important considerations. The stated price should be evaluated against comparable land transactions and the cost of making the site suitable for the intended development. Development and Investment Perspective At the stated rate of ₦550,000 per SQM, the estimated land value is calculated as follows: Land size: 8,000 SQM Asking rate: ₦550,000 per SQM Estimated total: ₦4,400,000,000 This calculation excludes legal and transaction costs, statutory charges, infrastructure works and future construction expenses. Before making an investment decision, prospective buyers should assess: Permitted land use and development density. Road access and site accessibility. Drainage, flood exposure and ground conditions. Availability of electricity, water and other utilities. Planning and building approval requirements. Construction and professional fees. Infrastructure and site-preparation costs. Expected project duration and market demand. Potential sales or rental income supported by independent market research. The estimated land value is based on the supplied rate and area; it is not a formal valuation or confirmation of market value. Buyer's Due-Diligence Checklist Before proceeding with the acquisition, prospective buyers should independently verify: Exact parcel identity, coordinates and boundaries. Seller's identity and authority to sell. Title documentation and land registry records. Existing encumbrances, disputes or third-party interests. Survey plan and land dimensions. Approved land use and applicable planning restrictions. Development density, building height and setback requirements. Access roads, drainage and utility infrastructure. Outstanding statutory obligations or other charges. Required approvals for the proposed development. Total acquisition costs and transaction terms. Independent legal, surveying, planning and technical advice is recommended before any financial commitment. Asking Price ₦550,000 per SQM Estimated Total Land Value: ₦4,400,000,000 For Enquiries & Inspections Call / WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: This listing is based on information supplied and does not constitute independent verification of the land, title, ownership, source authority, boundaries or development rights. All proposed uses are subject to applicable planning requirements and statutory approvals. Prospective buyers should complete independent legal, surveying and technical due diligence before proceeding.