For Sale: Residential Plot Of Land, Conservation Center, Lekki Expressway, Lekki, Lagos (Ref: 509845)

Residential Plot Of Land

Property is currently not on the market
It may now be let/sold, under offer or temporarily withdrawn from the market.

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Property Description

Discovery park is a gated estate on about 4 hectares ( 10 Acres) of land. It is located on Conservation road opposite Chevron Headquarters Lekki Lagos.
Why Discovery Park?

Location: The Location is prime. The importance of location in Real Estate cannot be overemphasised.
Neighbourhood: Conservation Park, Twinlake Estate, Chevron Headquarters, Chevvyview, Carlton gate, Bourdillon court, several estates on Alternative route by Chevron and Northern Foreshore Estate.
The advantage of the location is evidenced by the sales success being recorded by Developers. Most of the estates that were completed between Q1 2018 & Q1 2019 are fully sold ( e.g Amanda, Daniel Gardens, Conservation Court etc) However some developers deliberately hold on to some units to take advantage of capital appreciation. Discovery Park has advantage over other estates along the corridor, someone remarked " it is the GRA of the corridor ".
Discovery Park is the biggest in land size, and boasts of infrastructures that are not available in other estate, such as paved road network, drainage, walkways, street light, recreation park, swimming pool, lawn tennis court, gym etc.
- Location

The rent income is attractive coupled with capital appreciation, especially now that the rate on investment in the money and capital market ( with the uncertainty) is low. So target HNIs , Retiring Senior Executive, Nigerians in Diaspora etc.

Quality Control/ Building rules.
Relatively low maintenance charges for residents--attraction for buyers and tenants. Charges- Water ( one off). Light connection ( one off) .
Security, cleaning of common areas and light for common areas ( Generator already provided by Developers) to be managed by Residents committee, which is the current practice at Discovery Gardens Igbo Efon. In essence no outrageous or embarrassing monthly charges, which is the common practice and usually a challenge for Residents ( owners and tenants).

Property Details

Property Ref: 509845Added On: 12 Oct 2019Last Updated: 09 Apr 2020
Market Status: AvailableType: Land   

 Conservation Center, Lekki Expressway, Lekki, Lagos

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