795 Sqm Cowrie Creek Estate, Ikate, Lekki, Lagos

Prime Fenced Plot For Sale in Cowrie Creek Estate, Ikate, Lekki
795 SQM Fenced Global C of O / Deed of Sublease ₦850 Million ≈ ₦1.069 Million per SQM

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Property Overview

- Location: Cowrie Creek Estate, Ikate, Lekki, Lagos
- Plot Size: 795 SQM
- Title: Global Certificate of Occupancy / Deed of Sublease (Estate Title)
- Asking Price: ₦850,000,000
- Price per SQM: ≈ ₦1,069,182
- Condition: Fenced perimeter
- Status: Titled plot within a secured estate, ready for development

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Key Highlights

- Prime Waterfront Estate: Cowrie Creek is a reputable, well-established, and sought-after estate in Ikate, known for its premium planned environment, managed infrastructure, and scenic views.
- Immediate Security & Privacy: The existing fencing provides clear boundaries and security from day one, saving initial cost and effort.
- Secure Estate Title: The Global C of O with Deed of Sublease is the standard and secure title for premium Lagos estates. It grants you ownership rights as a sub-lessee under the estate's master title.
- Turnkey Development Plot: The combination of a clear title, fencing, and estate amenities makes this a plot where construction can commence with minimal preliminary work.

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️ Development Potential

- Luxury Detached Family Home
- Modern Duplex with Separate BQ
- Boutique Multi-Unit Residence (subject to estate architectural approval)
- Corporate Executive Guest House

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Market Context & Value

This 795 SQM plot is actively listed on the market. Its asking price of approximately ₦1.07 million per SQM reflects a premium position.

Market Comparison:

- This Plot: A fenced, titled plot within the secure Cowrie Creek Estate commands this premium.
- General Market: For context, raw or distressed land in the broader Ikate area can be found at significantly lower rates (e.g., around ₦500k per SQM).

The price is justified by the added value of the estate's security, established infrastructure, and the plot's readiness, placing it in a different segment from undeveloped land.

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Essential Verification Steps

To proceed securely with a transaction of this value, the following steps are critical:

1. Verify with Estate Office: Your first contact should be the Cowrie Creek Estate Management Office. Confirm the seller is the legitimate allottee, the plot is free of disputes, and understand all estate dues and building regulations.
2. Review Title Documents: Engage a property lawyer to examine the Global C of O and Deed of Sublease. They will confirm authenticity and check for any covenants.
3. Conduct Physical Inspection: Visit the plot to verify the fence's condition, the exact boundaries, and the topography.
4. Negotiate: Final terms can often be discussed once all verifications are satisfactory.

A secure and development-ready opportunity in one of Lekki's desirable estates. Proceed with confidence by completing these verifications.

Would you like a similar detailed analysis for Plot B (811sqm at ₦950M) for a side-by-side comparison?