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For Sale --- Prime 2,000 sqm Land at Gracefield Island (by Chevron Drive)
Lagos State C of O
₦600,000 / sqm
(₦1.2B)
Overview: Rare ready‑to‑develop waterfront‑corridor plot on Gracefield Island, situated off Chevron Drive. This 2,000 sqm parcel benefits from a Lagos State Certificate of Occupancy (C of O) and is positioned in one of Lekki's fastest‑appreciating enclaves --- ideal for high‑end residential, serviced apartments, boutique hospitality or a prestige corporate/institutional compound. Semi‑direct sale: serious, qualified buyers only. Let's deal!
Property summary
- Location: Gracefield Island (by Chevron Drive), Lekki corridor, Lagos
- Size: 2,000 sqm (single consolidated plot)
- Title: Lagos State Certificate of Occupancy (C of O) --- certified copies available on request
- Asking price: ₦600,000 per sqm --- Total ≈ ₦1,200,000,000 (One billion, two hundred million Naira)
- Sale type: Semi‑direct (owner prefers direct qualified purchasers; viewings by appointment)
Key advantages
- Prime micro‑location: Gracefield Island is a high‑demand address with strong buyer and tenant pull from executives, expats and developers.
- Clear title: Lagos State C of O supports bankability and smooth conveyancing.
- Development readiness: parcel size and location support luxury detached homes, a low‑rise apartment block or a boutique hotel/serviced residence.
- Good access: close to Chevron Drive and the Lekki‑Epe Expressway for convenient connectivity to the wider Lekki and Island nodes.
Suggested development concepts (subject to approvals)
- Luxury detached villas / private compound
- Low‑to‑mid rise serviced apartments or branded residences
- Boutique hotel or executive guesthouse with waterfront leisure offering
- Corporate housing / staff accommodation for nearby commercial tenants
- Landbanking for capital appreciation
Due diligence & recommendation checklist
- Title verification: obtain certified C of O copy and instruct a solicitor for chain‑of‑title and encumbrance searches.
- Survey: request the certified survey plan and confirm boundary pegs on site.
- Planning: confirm permissible density/coverage, setbacks and parking requirements with Lagos State planning authorities.
- Technical: commission geotechnical, topographic and drainage studies if proceeding to design.
- Utilities: verify connection points and capacity for power, water and telecoms.
- Environmental: perform basic screening for site constraints (recommended for coastal/near‑coastal sites).
Sale process & viewing
- Viewings: By appointment only for qualified buyers --- proof of funds or bank reference requested prior to document release and access.
- Offer process: Submit a Letter of Interest (LOI) with buyer profile and PoF. Shortlisted parties will receive the title & survey and be invited to inspect.
- Completion: Heads of Terms solicitor‑led sale agreement completion. Standard conveyancing applies.
Why act nowLarge, titled parcels on Gracefield Island are in limited supply. This 2,000 sqm plot with C of O presents a fast route to development or strategic landbanking in a premium Lekki corridor --- secure it before prices escalate further.
All information is given in good faith and should be independently verified. Price and availability are subject to prior sale.
Ref: Nnedu
Property Ref: 3130890 | Added On: 05 Oct 2025 | Last Updated: 05 Oct 2025 |
Market Status: Available | Type: Land | Total Area: 2,000 sqm |
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