Prime 45700sqm Of Development Land On Offer

For Sale --- 11.2 Acres (c.45,700 sqm) Development Land on Acme Road, Ikeja
Good Title
₦10,000,000,000

Overview: Exceptional large‑format landholding in Ikeja: 11.2 acres (approx. 45,700 sqm) fronting Acme Road offered for sale with clean title. This sizable, contiguous parcel is rare within the urban Lagos market and is suitable for major commercial, industrial, logistics or mixed‑use developments. The site presents a strategic acquisition for developers, institutional investors, logistics operators or corporates seeking scale in a well‑connected part of Ikeja.

Property summary

- Location: Acme Road, Ikeja, Lagos (prime urban/industrial corridor)
- Size: 11.2 acres (approx. 45,700 sqm) --- single consolidated parcel
- Title: Good title (certified title documents available to qualified buyers)
- Asking price: ₦10,000,000,000 (Ten billion Naira)
- Sale type: Direct sale to qualified purchasers --- viewings by appointment

Strategic highlights

- Large, contiguous land parcel in an established Ikeja node --- increasingly scarce and high‑value for scale projects.
- Excellent road connectivity to major Lagos arterials supporting logistics, corporate and retail access.
- Clear title simplifies transaction and supports financing discussion for institutional buyers.
- Ideal for masterplanning flexibility --- allows phased delivery and multiple end‑use options to match market demand.

Suggested development opportunities

- Logistics & distribution park / multi‑bay warehouse estate (3PL/fulfilment hub)
- Industrial / light manufacturing campus or SME industrial cluster
- Large‑format retail, wholesale market or mixed retail/warehouse complex
- Mixed‑use masterplan incorporating offices, residential/serviced apartments and retail podiums
- Institutional use: corporate campus, training & conference centre or health/education campus
- Landbank for long‑term capital appreciation and phased resale

Practical & technical notes

- Contiguous acreage provides flexibility for on‑site circulation, parking, yard space and future expansion.
- Buyers should commission geotechnical investigation and flood/drainage assessment to inform design.
- Utility connection and capacity (power, water, drainage) to be verified during due diligence.

Recommended due diligence checklist

- Obtain and verify certified title documents (C of O / Deed) with your solicitor --- confirm absence of encumbrances.
- Request certified site survey / cadastral plan and confirm boundaries on site.
- Planning/zoning checks with Lagos State planning authority (permitted uses, coverage, setbacks and FSR).
- Geotechnical / topographic and environmental screening (EIA if required).
- Utilities audit (power network proximity and capacity, water, drainage, telecoms).
- Traffic/access study for proposed development, and confirmation of access points with highway/roads authority.
- Verify outstanding rates, levies and any statutory liabilities.

Commercial & transaction process

1. Submit a Letter of Intent (LOI) with buyer profile and proof of funds.
2. Qualified buyers will receive certified title & survey documents and be invited for site inspection.
3. Negotiate Heads of Terms (HoT) covering price, deposit, timeline and any facilitator/agency fees.
4. Conduct technical and legal due diligence; finalise sale agreement and complete via solicitor exchange/escrow as agreed.

Viewing & contactViewings and dossier release are by appointment for pre‑qualified buyers. To request the certified title pack, arrange a site inspection or submit an LOI, contact the listing agent.


Note: All information is provided in good faith and should be independently verified. Price and availability are subject to negotiation and prior sale.

Ref: Nnedu