4,483 SQM : Residential Land

Prime Land For Sale in Ocean Palm Estate, Ajah, Lagos 4,483 SQM Governor's Consent Title ₦1.2 Billion Asking ≈ ₦267,678 per SQM Direct from the Owner Property Overview

• Location: Ocean Palm Estate, Ajah, Lagos.
• Land Size: 4,483 SQM.
• Title: Governor's Consent.
• Asking Price: ₦1,200,000,000.
• Price per SQM: ≈ ₦267,678.
• Status: Vacant, fully titled land, ready for immediate development.
• Source: Direct from the owner.

Key Highlights

• Massive Institutional-Scale Parcel: Over 4,400 SQM of contiguous land is a rare find in the Ajah corridor, offering immense potential for a large-scale, high-yield development.
• Direct from the Owner: Bypassing intermediaries means a more transparent negotiation process, potentially reducing transaction costs and time to close.
• Strong Title Security: Governor's Consent provides a robust legal foundation, ensuring a smooth path for securing building approvals and financing.
• Highly Competitive Pricing: At approximately ₦267k per SQM, this is an exceptionally attractive entry point for a parcel of this magnitude in a growing estate environment.
• Clean Slate: Bare land with no existing structures means you can design and build your master plan from the ground up without demolition costs.

Development Potential Given the immense scale, the land is perfectly suited for:

• Master-Planned Residential Estate: A gated community of luxury duplexes, terraces, and bungalows.
• Mixed-Use Complex: Residential blocks combined with commercial spaces (retail, offices) to serve the growing Ajah population.
• Institutional Project: A school, hospital, or corporate training facility.
• Land Banking / Phased Development: Subdivide and sell plots, or develop the project in highly profitable phases.

Location Benefits -- Ocean Palm Estate, Ajah

• Strategic Growth Corridor: Ajah is one of Lagos's fastest-expanding residential and commercial hubs, driven by its proximity to the Lekki Free Zone, Dangote Refinery, and the Lekki Deep Sea Port.
• Excellent Connectivity: Easy access to the Lekki-Epe Expressway, linking you to Lekki Phase 1, Victoria Island, Ikoyi, and the wider peninsula.
• Proximity to Amenities: Close to major malls (Novare), schools, hospitals, and leisure spots.
• Secure Estate Environment: Provides organized layouts, security, and a planned community feel.

Investment Value

• Asking Price: ₦1.2 Billion.
• Market Context: For nearly 4,500 SQM with a Governor's Consent in this axis, the pricing is highly competitive and offers significant immediate equity for the buyer.
• Upside Potential: Develop and sell/rent units at premium prices, or hold as a strategic long-term land bank.
• Negotiation Advantage: Being a direct mandate, there is usually room for a clean, straightforward negotiation and swift closing.

Sale Opportunity A highly lucrative opportunity to acquire a large, titled land bank in a high-growth area. Ideal for institutional developers, cooperative societies, or high-net-worth investors seeking a landmark project. Ideal For:

• Real Estate Development Companies.
• Cooperative Societies & Investment Groups.
• Long-Term Land Investors.

Next Steps:

• Site Inspection.
• Title Verification (Governor's Consent at the Lagos State Lands Bureau).
• Purchase Negotiation.
• Immediate Closing.

Ocean Palm Estate, Ajah + 4,483 SQM + Governor's Consent + ₦1.2B (Direct Mandate) -- a strategic and highly affordable land banking opportunity. Serious inquiries only.