2,402 Sqm Mixed Land With C Of O& Govt Building Approval For 10 Storey
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Property Description
A major mixed commercial land in the Central Business District (CBD) of Lekki Ph 1 measuring 2,402.46 sq m with C of O & Government Building Approval for Ten (10) Storey Building already obtained.
Piling of the land has already been done by the foremost Piling Company in Nigeria, Trevi Foundation Limited
The titlendocument is C of O.
The reasons for the reserved price of N3b for this land are as follows
1.. The land has an approved building plan for 10 floors already, which no matter the new drawings by the buyer, he will still get great benefit from it as to obtain such approval for 10 floors from Lagos State Government now will cost over N300m in terms of both official & unofficial costs
2. Piling has been done by Trevi Foundation Ltd, the foremost piling company in Nigeria, for N206m since 2018. No matter how different the buyer's building specifications may be, Trevi Foundation will give the buyer very substantial discount on any further piling that may be needed. Piling of such magnitude at today's exchange rate will be well over N800m.
Therefore the buyer buying at N3B makes over N1.6b profit.
Property Details
| Property Ref: 2775813 | Added On: 19 Mar 2025 | Last Updated: 19 Mar 2025 |
| Market Status: Available | Type: Mixed-use Land | Total Area: 2,402 sqm |
Interesting Facts
Who'd have guessed that Lekki Phase 1, one of Lagos' most luxurious neighbourhoods, was formerly a slum?
Leisure and Shopping
There are several types of shopping malls in Lekki Phase 1 if you want to go shopping. Restaurants, game centres, retail boutiques, cinemas, and other amenities are available at some malls.
Popular Estates
Lekki Phase 1 is a prime location for luxury estates because it is a well-planned residential government scheme. There are a number of private estates within its walls. Almost all of them are gated to ensure the safety of their occupants.
Day Life
Due to Lekki's affluent residents, the area has a lot of social hotspots. Weekends are usually jam-packed with visitors from all over who want to unwind after a long week at work. If you're looking to have a great time in Lekki Phase 1, you're definitely covered.
Night Life
Do you want to chill with the ‘Lekki Big Boys & Girls’? Then go nighttime exploring in Lekki Phase 1. Lagos is known as the city that never sleeps, and the residents of Lekki understand the assignment. They are always willing to show up at the local bars and clubs.
Schools
Aside from entertainment and recreation, Lekki Phase 1 provides quality education to its residents. It is home to some of Lagos State's most prestigious schools.
Read the full area guide for Lekki Phase 1, Lekki, Lagos.
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Block 4, Flat 3, Lsdpc Estate, Omole Estate Ph 1, Ikeja, Lagos, Nigeria
0802 XXXX Show Phone
2348022221850
Registered 12 years ago
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