Prime 102000sqm Of Development Land On Offer

Listing titleFor Sale (Semi‑Direct) --- Prime 10.2 Hectares Land Beside Caribbean Estate, Sangotedo Lagos State C of O ₦70,000 / sqm (Bulk offer ₦6.0B)

OverviewRare, strategic landholding in the fast‑developing Sangotedo corridor --- a contiguous 10.2 hectare (102,000 sqm) parcel immediately beside Caribbean Estate. Offered with Lagos State Certificate of Occupancy (C of O), this site presents large‑scale development potential for residential estates, mixed‑use projects, institutional campuses or landbank for capital appreciation. Priced at ₦70,000 per sqm (total ≈ ₦7.14B) with a bulk purchase offer accepted at ₦6.0B for qualified buyers.

Key facts

- Location: Sangotedo --- adjacent to Caribbean Estate (Lekki/Ajah growth corridor)
- Size: 10.2 hectares (102,000 sqm)
- Title: Lagos State Certificate of Occupancy (C of O) --- certified documents available on request
- Asking price: ₦70,000 per sqm (indicative total ≈ ₦7,140,000,000)
- Bulk purchase offer: ₦6,000,000,000 (serious buyers only --- subject to verification)
- Sale type: Semi‑direct --- owner prefers direct, qualified purchasers; viewings by appointment

Strategic advantages

- Prime growth corridor: Sangotedo/Ajah is one of the fastest growing residential and commercial corridors in Lagos with improving infrastructure, strong demand and proximity to Lekki expressway nodes.
- Immediate adjacency to Caribbean Estate gives access to established neighbourhood amenities and enhances marketability for residential product.
- Large contiguous size (10.2 ha) enables masterplanning efficiencies, phased development and economies of scale for institutional developers.
- Clear Lagos State C of O supports bankability, financing and a straightforward title transfer process for qualified buyers.

Suggested development uses

- Masterplanned residential estate (serviced plots, terraces, apartments)
- Mixed‑use development: retail podiums, convenience retail, office or light commercial nodes with residential above
- Institutional campus: education, healthcare or corporate training facility
- Industrial / logistics park (subject to zoning and market study)
- Landbank for medium‑long term capital appreciation

Site & infrastructure notes

- Road access: Good local road network; buyer to confirm exact site frontages and proposed access points.
- Utilities: Connection/upgrade costs for power, water and drainage to be confirmed during technical due diligence.
- Topography & site condition: Buyers should commission geotechnical and drainage studies to confirm development constraints and costs.

Due diligence checklist (recommended)

- Certified copy of Lagos State C of O and chain of title verification by buyer's solicitor.
- Certified site survey and boundary confirmation (coordinates and peg verification).
- Planning & zoning check with Lagos State planning authority --- permissible uses, coverage, setbacks and FSR.
- Geotechnical and topographic survey, flood risk and environmental screening.
- Utilities and infrastructure capacity review (power, water, sewerage).
- Search for encumbrances, outstanding rates/levies and statutory obligations.
- Market feasibility: demand study, comparative pricing and off‑take strategy for intended product.

Commercial & transaction notes

- Asking price equates to c. ₦7.14B at ₦70,000/sqm; the owner is open to a bulk purchase offer of ₦6.0B from qualified buyers.
- Facilitator / agency fees and payment mechanics to be agreed in Heads of Terms.
- Preferred sale route: LOI document review site inspection Heads of Terms solicitor‑led completion.

Viewing & sale process

1. Submit a Letter of Interest (LOI) including company profile and proof of funds.
2. Qualified buyers provided certified title & survey documents and invited for site inspection.
3. Negotiate Heads of Terms and complete legal and technical due diligence.
4. Execute sale agreement and complete transfer via solicitors.

Contact / Next stepsTo request the full property dossier (C of O, survey plan), arrange an on‑site inspection or submit an LOI, contact:

The Build Centre Properties LtdTel: +234 708 056 2616 +234 814 455 0891Email: [email protected]

Note & disclaimerInformation provided in this listing is indicative and issued in good faith. Prospective purchasers must carry out independent legal, technical and financial due diligence prior to entering any transaction. Price and availability are subject to prior sale and negotiation.

Ref:Nnedu