250000 Sqm Direct Frontage On Freedom Way Express Road, Ikate, Lekki,

Prime Mixed-Use Corner Land For Sale on Freedom Way, Ikate, Lekki
25,000 SQM Direct Express Road Frontage Governor's Consent Pre-Approved for 20 Floors ₦1M per SQM

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Property Overview

- Location: Direct frontage on Freedom Way Express Road, Ikate, Lekki, Lagos.
- Land Size: 25,000 SQM (Corner Piece).
- Title: Governor's Consent.
- Price per SQM: ₦1,000,000.
- Total Land Value: ₦25 Billion.
- Flexible Acquisition: Available for outright purchase as a whole, or in parcels of 10,000 SQM (₦10B) or 12,500 SQM (₦12.5B).
- Key Approval: Has planning/building approval for developments of up to 20 floors.
- Status: Bare land, ready for groundbreaking on a landmark project.

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Key Highlights

- Institutional-Scale Opportunity: A rare 25,000 SQM corner plot on a major expressway, offering unmatched scale for a master-planned community or corporate campus.
- Pre-Approved Density: The existing approval for 20 floors is a significant asset, drastically reducing planning risk, time-to-construction, and project uncertainty.
- Ultimate Flexibility: The ability to purchase substantial parcels (10,000 or 12,500 SQM) makes this mega-site accessible to a wide range of serious developers and institutions.
- Direct Road Frontage & Corner Position: Guarantees supreme visibility, multiple access points, and high brand exposure for any commercial venture.
- Direct Owner Transaction: Eliminates intermediary layers, potentially streamlining negotiation and purchase.

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️ Development Potential

This land is explicitly marketed for mixed-use and major commercial activities, ideal for:

- Corporate Headquarters & Office Park
- International School or University Campus
- Specialist Hospital or Medical Center
- Shopping Mall, Retail Complex & Mixed-Use Development
- Hotel, Convention Centre, or Serviced Apartments
- High-Rise Residential Towers (utilizing the 20-floor approval)

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Location & Market Context

- Freedom Way Corridor: A key arterial road in the booming Lekki expansion zone, connecting major residential and commercial hubs with excellent infrastructure growth.
- Market Validation: Current listings in the area support the premium for large, titled parcels:
- A 700 SQM distressed sale in Ilasan, Lekki, is asking ~₦786k/SQM.
- A large 5,000 SQM block on Freedom Way is priced at ₦685k/SQM.
- Justification of Price: The ₦1M/SQM ask reflects the combined premium for the scale, road frontage, corner position, and crucial 20-floor approval---benefits not present in standard plots.

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Investment Value

- Asking Price: ₦1,000,000 per SQM.
- Total Asset Value: ₦25 Billion.
- Sub-Parcel Value: ₦10 Billion (for 10,000 SQM) ₦12.5 Billion (for 12,500 SQM).
- Value Drivers: The pre-approved density is a major financial advantage, allowing for higher revenue potential per square meter of land. The scale allows for cost efficiencies in development.

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️ Critical Verification Steps

Given the monumental scale and value, comprehensive due diligence is non-negotiable.

1. Confirm Title & Approvals: Verify the Governor's Consent at the Lagos State Lands Bureau and obtain certified copies of the 20-floor building approval from the relevant planning authority (LASBCA/LSPDC).
2. Engage a Technical Team: Commission a full topographical survey, geotechnical investigation, and traffic impact assessment. The scale demands expert planning.
3. Conduct a Full Land Search: A lawyer must verify the land is free from all encumbrances, litigations, or community disputes.
4. Site Inspection: Assess the terrain, drainage, and exact boundaries of the desired parcel.

Ideal For:

- Real Estate Development Conglomerates
- Institutional Investors & Pension Funds
- Corporate Entities seeking a flagship HQ
- Hospital Chains, Educational Groups, or Hotel Brands
- Government or PPP development projects

A definitive opportunity to acquire a pre-approved, large-scale development site on a major Lekki expressway. This is a project that can define a portfolio.