Commercial land for sale
3,336 SQM Commercial Land
Property Details Location: Avb Zone VI, Eko Atlantic City, Lagos Property Type: Commercial Land Land Size: 3,336 SQM Transaction: For Sale Asking Price: ₦7,500,000,000 Zahari View This 3,336 SQM commercial land parcel is located within avb Zone VI, Eko Atlantic City, Lagos, offering a substantial development site within one of Lagos' planned waterfront districts. The size of the parcel may provide flexibility for a sizeable commercial development, subject to the applicable planning regulations, development controls and permitted use for the specific zone. At an asking price of ₦7.5 billion, the acquisition represents a significant development commitment. Prospective buyers should therefore evaluate the permitted development parameters, project concept, construction costs, infrastructure requirements and overall commercial feasibility before proceeding. Property Highlights 3,336 SQM commercial land. Located in avb Zone VI, Eko Atlantic City. Substantial development footprint. Suitable for consideration by commercial developers and investors. Asking price of ₦7.5 billion. Located within the Eko Atlantic City development. Property details subject to independent verification and confirmation of current availability. Why This Property Deserves Attention The combination of 3,336 SQM of land and a commercial designation within Eko Atlantic City makes this a property that may be relevant to developers seeking a larger development site. For an acquisition of this scale, however, the investment case should be assessed beyond the land size and location. The permitted use, allowable density, height restrictions, setbacks, infrastructure obligations and development timeline should all be established before committing capital. Buyer's Perspective Before proceeding with the acquisition, prospective buyers should confirm: Exact location within avb Zone VI. Surveyed land size and boundaries. Ownership and seller's authority. Title and relevant property documentation. Permitted commercial use. Applicable development controls. Allowable building height and density. Setback and site coverage requirements. Access and infrastructure arrangements. Utility and service provisions. Development approval requirements. Applicable statutory charges and fees. Any restrictions, covenants or encumbrances affecting the property. Current availability and asking price. Investment Perspective At ₦7.5 billion, the land acquisition requires careful financial modelling. Developers should assess the total project cost, including land acquisition, professional fees, statutory charges, design, construction, infrastructure, financing and marketing costs. The proposed development should also be tested against current market demand, achievable sales or rental values and the anticipated development timeline. Any projected returns should be supported by an independent feasibility study and current market evidence. Investor / Buyer Note a physical inspection and professional due diligence are recommended before making any payment or entering into a binding agreement. Prospective buyers should engage appropriate legal, surveying, planning and property professionals to independently verify the title, boundaries, permitted use and development parameters. Documentation Prospective buyers should request and review: Title documentation. Survey plan. Evidence of ownership. Seller's authority to transact. Relevant development and planning information. Applicable zoning and land-use documentation. Evidence of any encumbrances or restrictions. Applicable statutory and estate-related charges. Transaction terms and conditions. Property Intelligence Beyond the Listing For a commercial parcel of this size, the most important consideration is the relationship between land cost and development potential. Before acquisition, a developer should establish exactly what can be built on the site, the associated planning requirements, the infrastructure obligations and the expected cost and timeline of development. A detailed development appraisal can then determine whether the proposed project is commercially viable under prevailing market conditions. Asking Price ₦7,500,000,000 For Enquiries & Inspections +234 907 301 3359 www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information contained in this listing is based on the details provided and remains subject to independent verification. Prospective buyers should independently confirm the property's location, size, title, ownership, permitted use, planning parameters, development restrictions, applicable fees, current availability and all other transaction conditions before making payment or entering into an agreement.
