10000sqm Of Development Land For Acquisition

Listing title
For Sale --- 10 Hectares (Ibeju‑Lekki Scheme) Idera (Government Allocation) --- Asking ₦1.3 Billion

Overview
Rare 10‑hectare landholding offered for sale within the Ibeju‑Lekki growth corridor. The site is an Idera government allocation located in Ibeju‑Lekki --- a strategically important area benefiting from major infrastructure and industrial projects. This parcel presents strong potential for investors, developers and landbanks seeking a sizable, single‑title holding for residential estate development, industrial/logistics uses, agricultural projects or mixed‑use schemes.

Property summary

- Property type: Vacant land (single parcel)
- Size: 10 hectares (100,000 sqm)
- Location: Idera (Government allocation), Ibeju‑Lekki, Lagos State --- within the wider Ibeju‑Lekki development corridor
- Asking price: ₦1,300,000,000 (One billion, three hundred million Naira)
- Title/Status: Government allocation (Idera) --- buyer must complete title regularisation/transfer and due diligence (see notes)

Strategic location & investment rationale

- Positioned in the fast‑growing Ibeju‑Lekki corridor --- a priority area for Lagos State development and large‑scale projects.
- Near strategic infrastructure and economic nodes that are driving land demand in the area, including the Lekki Free Zone, Lekki Deep Sea Port, new industrial parks and planned road upgrades (confirm exact distances and access routes during inspection).
- Large single parcel (10 ha) offers developer scale: suitable for gated residential estates, industrial park/logistics yard, agricultural enterprise, institutional development or landbanking for capital appreciation.
- Attractive for investors seeking exposure to long‑term capital growth driven by ongoing public and private infrastructure investment.

Potential uses (subject to planning)

- Residential development: gated community, housing estate, serviced plots or apartment scheme.
- Industrial/logistics: warehousing, light manufacturing, logistics hub (subject to zoning and utilities).
- Mixed‑use: combination of residential, retail and community facilities to serve local demand.
- Agricultural/commercial farming or agribusiness setups.
- Landbank/investment holding for medium‑ to long‑term appreciation.

Title & documentation

- Current position: Idera government allocation (allocation documentation available on request).
- Important note: Government allocations typically require subsequent regularisation (e.g., issuance/assignment of Certificate of Occupancy, Governor's Consent or completion of statutory requirements) prior to a clean transfer. Prospective buyers must verify the allocation status and confirm the process and costs for conversion to C of O/titled status.
- Seller can provide allocation documents and site survey on request to qualified buyers.

Access & services

- Road access: Access via local road network off the Lekki/Ibeju corridors (confirm exact access points on inspection).
- Utilities: Utilities & infrastructure connection (power, water, drainage) are typically site dependent --- buyers should verify availability and estimate connection costs as part of technical due diligence.
- Proximity to economic nodes: Within the Ibeju‑Lekki development belt --- confirm exact distances to seaport, free zone and expressway during site visit.

Due diligence & recommended checks

- Verify allocation documentation and chain of title; obtain certified copies and legal opinion on transferability and any conversion requirements.
- Request and review site survey plan and boundary confirmation.
- Confirm permitted land use and zoning with Lagos State planning authorities and local government.
- Commission environmental and geotechnical assessments where required.
- Check for existing encumbrances, outstanding rates/levies and any statutory obligations.
- Confirm access rights, road frontage and any required wayleaves or easements.

Commercial terms & process

- Asking price: ₦1,300,000,000 (negotiable subject to due diligence and confirmation of title/regularisation costs).
- Premium: Not stated --- price reflects current ownership/assignment condition. Buyer to budget for costs of title conversion if required.
- Facilitator fee / agency commission: To be agreed between parties.
- Payment & sale process: Interested parties should submit an LOI with proof of funds. Qualified buyers will be invited for inspection and to receive allocation documentation and survey plans. Standard sale process (HOA/SPA and solicitors' verification) will follow.

How to proceed / viewing

1. Submit a Letter of Interest (LOI) including company profile and proof of funds.
2. Qualified buyers will be provided with allocation documents and site survey and invited for inspection.
3. Parties proceed to negotiate terms, instruct solicitors for title searches and agree completion mechanics.

Ref: Daka