Nigeria Property Centre

Commercial land for sale

Commercial Land with C of O and Governor's Consent

Monastery Road, Lekki, Lagos
₦3,000,000,000
#372-774-6 15 Oct 2026 Added yesterday
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5,000 m² Plot size
Commercial Property type

About this property

Direct instruction Prime Commercial Land For Sale on Monastery Road, Sangotedo, Lekki, Lagos 5,000 SQM Directly Beside Novare Mall C of O & Governor's Consent ₦3 Billion ₦600,000 per SQM --- Property Overview

  • Location: Monastery Road, Sangotedo (beside Novare Mall), off Lekki-Epe Expressway, Lagos.
  • Land Size: 5,000 SQM.
  • Title: Certificate of Occupancy (C of O) & Governor's Consent.
  • Asking Price: ₦3,000,000,000.
  • Price per SQM: ₦600,000.
  • Status: Vacant commercial land, ready for immediate development.
  • Note: Video and documents available for serious clients. Owner is available to deal.

--- Key Highlights

  • Directly Beside Novare Mall (ShopRite): Unmatched commercial visibility and foot traffic -- a proven destination for shoppers and businesses.
  • Excellent Frontage on Monastery Road: High exposure and easy access from the Lekki-Epe Expressway.
  • Dual Title (C of O & Governor's Consent): Provides strong legal security, bankability, and smooth transfer.
  • Massive 5,000 SQM Parcel: Rare in this micro-location -- allows for a landmark commercial project with ample parking and amenities.
  • Owner Ready to Close: Direct instruction with motivated seller -- serious buyers can move quickly.

--- ️ Development Potential This land is suitable for a wide range of commercial uses as highlighted:

  • Event Centre -- large capacity for weddings, conferences, and concerts.
  • Church / Worship Centre -- ample space for auditorium, parking, and auxiliary facilities.
  • School / Educational Institution -- ideal for a campus with playing fields and buildings.
  • Hotel / Hospitality Complex -- proximity to the mall and expressway ensures guest demand.
  • Shopping Plaza / Retail Complex -- complement the existing Novare Mall.
  • Corporate Office Complex -- for companies seeking a prominent Sangotedo address.
  • Mixed-Use Development -- retail, office, and leisure combination.

--- Location Benefits -- Monastery Road, Sangotedo

  • Beside Novare Mall: One of the busiest shopping destinations in the Lekki-Ajah corridor -- guarantees high footfall and brand visibility.
  • Off Lekki-Epe Expressway: Excellent connectivity to Ajah, Lekki Phase 1, Victoria Island, and the Lekki Free Zone.
  • Fast-Growing Residential Hub: Surrounded by estates, schools, hospitals, and a growing population -- a ready market for any commercial venture.
  • High Traffic Area: The mall and expressway generate constant vehicular and pedestrian traffic.
  • Future Appreciation: Ongoing infrastructure improvements in Sangotedo support long-term capital growth.

--- Investment Value

  • Asking Price: ₦3 Billion.
  • Price per SQM: ₦600,000.
  • Market Context: Commercial land directly beside a major mall on the Lekki-Epe Expressway is scarce. At ₦600k per SQM, this is competitively priced for a titled, high-visibility parcel of this size.
  • Income Potential: A commercial development here can generate strong rental yields from retail, office, hospitality, or institutional tenants.
  • Capital Appreciation: Land values in Sangotedo have shown consistent appreciation due to high demand and limited supply.
  • Dual Title Advantage: C of O + Governor's Consent reduces legal risk and facilitates financing.

--- Sale Opportunity A rare opportunity to acquire a large commercial land parcel in a prime, high-traffic location beside Novare Mall. Ideal for developers, investors, churches, schools, event centre operators, or hoteliers. Ideal For:

  • Commercial Real Estate Developers.
  • Religious Organisations & Educational Institutions.
  • Hospitality & Entertainment Brands.
  • High-Net-Worth Portfolio Investors.

Next Steps:

  • Site Inspection.
  • Title Verification (C of O & Consent at the Lagos State Lands Bureau).
  • Purchase Negotiation.
  • Immediate Closing.

Monastery Road, Sangotedo + 5,000 SQM + Beside Novare Mall + C of O & Consent + ₦3B -- a landmark commercial opportunity with an owner ready to deal. Serious inquiries only -- video and documents available. Link up and let's close this deal.

Property details

Reference ID #372-774-6
Listed by Ac Valour International
Property type Commercial Land
Listing status Commercial land for sale
Plot size 5,000 m²

Area guide — Lekki

Lagos

Interesting Facts

Did you know Lekki was named after a Portuguese sailor named Mr. Lecqi? I bet you didn’t.

Leisure and Shopping

Lekki has a wide range of shopping opportunities. Do you prefer to shop indoors or outdoors? Whatever you are, Lekki has you covered. With so many malls in the area, shopping in Lekki can be a lot of fun.

Popular Estates

Northern Foreshore Estate, one of the most expensive estates in Lekki, provides an adequate drainage system for its residents. It has been able to curtail the known flooding issues of Lekki environs. 

Day Life

Recreational centres...check! Beaches….check! Restaurants…. check! Lekki is unquestionably a one-stop shop for fun and entertainment.

Night Life

Ebony Lounge, Jesse Lounge, Club Mirage, Novato Night Club, and Elysium Night Club are all great places to hang out. You can also party at any of these beach clubs: Mood Beach Club, Wave Beach Club, and Moist Beach Club.

Schools

Schooling in Lekki is definitely not basic. Lekki boasts of having some of the most expensive and best schools in Lagos. The thing about schools in Lekki is that they offer more than just conventional teaching.

Read the full area guide for Lekki, Lagos

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