15000sqm Of Prime Land On Offer

Listing title
For Sale --- 15 Hectares (Iberekedo Scheme) --- Behind Eleganza Industrial Area, Opposite Pan‑African University, Eleko‑Lekki Government Allocation + C of O ₦17,000,000 per Plot

Overview
Opportunity to acquire 15 hectares of strategic land within the Iberekedo scheme, located just after Eleko Junction in the Lekki corridor. The parcel sits behind the Eleganza Industrial Area and directly opposite the Pan‑African University --- a location with strong development momentum from nearby industrial, educational and residential nodes. The land is offered on a government allocation with Certificate of Occupancy (C of O) status and is being sold at ₦17,000,000 per plot (price per plot; total consideration depends on number of plots acquired).

Property summary

- Property type: Vacant land --- development / investment parcel
- Total size: 15 hectares (150,000 sqm)
- Location: Behind Eleganza Industrial Area, Opposite Pan‑African University, within Iberekedo scheme --- just after Eleko Junction, Lekki, Lagos
- Title / status: Government Allocation with Certificate of Occupancy (C of O) --- allocation and title documentation available for qualified buyers
- Asking price: ₦17,000,000 per plot (pricing quoted per standard plot; buyers may purchase selected plots or the entire parcel; total price subject to confirmation based on plot count and layout)

Strategic location & investment rationale

- Excellent strategic position in the expanding Lekki corridor close to industrial and educational anchors: Eleganza Industrial Area and Pan‑African University attract workforce and ancillary development demand.
- Proximity to Eleko Junction provides accessible road connections to Lekki‑Epe Expressway, local amenities and future infrastructure projects.
- Large contiguous parcel (15 ha) attractive for developers, investors and investors seeking scale for residential estates, serviced plots, industrial/commercial developments or mixed‑use schemes.
- Good potential for capital appreciation driven by ongoing development and infrastructure roll‑out in the greater Lekki/Ibeju corridor.

Potential uses (subject to planning and approvals)

- Residential: serviced plots, gated community, mid‑rise apartments or estate development.
- Industrial / logistics: warehousing, light manufacturing or support services for nearby industrial estates.
- Institutional: student housing or campus‑related accommodation to serve Pan‑African University staff/students.
- Mixed‑use: combination of residential, retail, recreational and small commercial nodes.
- Agricultural or agribusiness: where applicable and permitted by zoning.

Title, legal & documentation

- Land status: Government allocation with C of O --- buyer to verify chain of title and conversion status.
- Documents: Allocation papers, C of O and survey plans available for inspection upon request from qualified buyers.
- Important note: Government allocations usually require administrative steps for title transfer or assignment; buyer should budget for conversion and statutory fees as applicable.

Site & access

- Access: Local road access from Eleko Junction and internal routes serving the industrial area and university. Buyers should confirm exact access points and road improvement plans during inspection.
- Utilities: Confirm availability/ proximity of power, water and drainage infrastructure; connection works may be required depending on development scale.

Due diligence checklist (recommended)

- Obtain and verify certified copies of allocation documents and Certificate of Occupancy (C of O).
- Request certified site survey and plan showing plot demarcation, total area and coordinates.
- Verify chain of ownership and absence of encumbrances or third‑party rights.
- Confirm planning/zoning status and permissible uses with Lagos State planning authorities.
- Commission or request recent geotechnical and environmental reports (if available) for development suitability.
- Confirm access rights, easements, road frontage and infrastructure commitments.
- Review outstanding rates, levies or statutory obligations.

Commercial terms & negotiation

- Price basis: ₦17,000,000 per plot (standard plot pricing) --- total price depends on number of plots selected; bulk purchase pricing negotiable.
- Payment terms: To be agreed --- buyers typically transact via bank transfer to escrow solicitor, subject to satisfactory due diligence.
- Agency / facilitator fees: To be agreed between parties.
- Transfer mechanics: Standard conveyancing by solicitors with seller providing required evidence of title and compliance.

Sale process & next steps

1. Submit a Letter of Interest (LOI) with buyer/company profile and proof of funds.
2. Qualified buyers invited for site inspection and to receive allocation & survey documents.
3. Negotiate terms and agree Heads of Terms (HoT) or Memorandum of Understanding (MoU).
4. Conduct legal and technical due diligence.
5. Execute sale agreement and complete transfer/assignment per agreed terms.

Ref: Daka