1,072,000 SQM Bulk Commercia Land

Property Details Location: Lagoon District, beside Orange Island, Lekki, Lagos Property Type: Bulk Land Land Size: 1,072,000 SQM (approximately 107.2 hectares) Asking Price: ₦800,000 per SQM net Total Land Value: ₦857,600,000,000 (₦857.6 Billion) Title: Lagos State Certificate of Occupancy (C of O) and other relevant documents, as stated Transaction: Outright Sale Agency Fee: 5% payable by the buyer Agency Fee Amount: ₦42,880,000,000 (₦42.88 Billion) Total Commitment: ₦900,480,000,000 (₦900.48 Billion) Inspection Requirement: Loi / Offer Letter required before physical inspection Zahari View This 1,072,000 SQM landholding in Lagoon District, beside Orange Island, Lekki, Lagos, is a large-scale land acquisition opportunity for institutional investors, established developers and financially capable buyers considering substantial development projects. With approximately 107.2 hectares, the size provides significant land area for a major development concept, subject to the property's verified boundaries, permitted land use, planning approvals and applicable development regulations. At a net asking rate of ₦800,000 per SQM, the stated land value is ₦857.6 billion. Including the buyer's 5% agency fee of ₦42.88 billion, the stated total commitment is ₦900.48 billion, before any additional applicable acquisition, legal, professional or statutory costs. Given the scale of the transaction, interested parties should conduct comprehensive legal, technical, environmental and financial due diligence before making a binding commitment. Property Highlights Extensive landholding of 1,072,000 SQM. Located in Lagoon District, beside Orange Island, Lekki, Lagos. Approximately 107.2 hectares of land. Asking rate of ₦800,000 per SQM net. Stated total land value of ₦857.6 billion. Lagos State C of O and other relevant documents stated. Outright sale transaction. Potential for a major development concept, subject to planning and regulatory approvals. Loi / Offer Letter required before physical inspection. Why This Property Deserves Attention For institutional investors and developers: The scale of the land may warrant consideration for a large development programme, subject to the site's physical characteristics, title status, permitted use, infrastructure and applicable approvals. For long-term development strategies: Buyers considering a major estate or broader development concept should assess the land's accessibility, infrastructure requirements, environmental conditions, development timeline and total capital commitment before determining its commercial feasibility. Any proposed use, including a private city or large residential scheme, must be supported by appropriate planning permissions and verified development parameters. Buyer's Perspective: What to Verify Before proceeding with the transaction, prospective buyers should independently verify: The Lagos State C of O and all other title documents. Root of title, ownership history and the seller's authority to sell. Survey plan, coordinates, total area and legal boundaries. The precise location and physical extent of the land. Permitted land use and applicable planning regulations. Existing encumbrances, third-party interests or litigation. Access roads, right of way and surrounding infrastructure. Availability and cost of utilities and other essential infrastructure. Environmental conditions, drainage, flood exposure and shoreline considerations where applicable. Applicable development restrictions, setbacks and approval requirements. Agency fee arrangements and all other transaction costs. The financial, legal and practical requirements for completing an outright acquisition. Investor / Buyer Note The stated financial breakdown is as follows: Land value: ₦857.6 billion Buyer's agency fee at 5%: ₦42.88 billion Total stated commitment: ₦900.48 billion These figures are calculated from the supplied land size and asking rate. The total commitment excludes any additional fees, taxes, professional charges or development expenses not specified in the transaction terms. Given the substantial acquisition cost, interested buyers should obtain independent valuation advice, confirm the property's title and development potential, and establish a clear funding and execution plan before proceeding. Transaction Terms Outright sale. Loi / Offer Letter required before physical inspection. Prospective buyers should confirm the complete transaction process and documentation requirements with the authorised representatives. For Enquiries & Inspections Phone/WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: All property details, title information, pricing and transaction terms are based on information supplied for this listing and have not been independently verified. Prospective buyers should conduct independent legal, survey, environmental, planning and financial due diligence and confirm all transaction terms before making a binding commitment.