1200 Sqm

Prime Land For Sale in Ikate Ilasan, Lekki, Lagos
2 Plots Sandfilled & Partly Fenced C of O Title ₦650 Million

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Property Overview

- Location: Ikate Ilasan, Lekki, Lagos
- Land Size: 2 Plots
- Condition: Sandfilled and partly fenced
- Title: Certificate of Occupancy (C of O)
- Asking Price: ₦650,000,000
- Price per Plot: ₦325,000,000
- Estimated Price per SQM: ₦800,000 - ₦1,500,000 (based on current Lekki Phase 2 market rates)
- Status: Development-ready, titled land

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Key Highlights

- Development-Ready -- Sandfilled land reduces construction time and cost, providing a stable base for building.
- Strong Legal Title -- A Certificate of Occupancy (C of O) is one of the strongest land titles in Lagos, ensuring secure ownership and ease of resale.
- Strategic Location -- Ikate Ilasan is within the rapidly expanding Lekki Phase 2 corridor, known for strong growth and appreciation.
- Partially Secured -- Existing fencing offers initial security and perimeter definition for the plots.

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️ Development Potential

- Private Family Compound or Multi-Dwelling Estate
- Luxury Duplexes or Detached Homes
- Rental Apartment Block (subject to density approval)
- Commercial Venture or Mixed-Use Building
- Long-Term Land Banking Investment

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Location Benefits

- Lekki Growth Corridor -- Positioned in one of Lagos's most dynamic and fast-appreciating areas.
- Improving Infrastructure -- Benefits from ongoing and planned road, utility, and community developments in the Lekki axis.
- Proximity to Key Areas -- Accessible to Lekki-Epe Expressway, Ajah, and the burgeoning commercial centers of Lekki Phase 1.
- High Demand Zone -- Consistent interest from developers, investors, and families seeking value in growing neighborhoods.

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Investment Value

- Total Asking Price: ₦650 Million
- Price per Plot: ₦325 Million
- Market Context: The price per plot is competitive within the current Lekki Phase 2 market range of ₦400M to ₦900M per plot.
- Title Security: A verified C of O significantly reduces investment risk and facilitates future transactions.
- Appreciation Potential: Land in the Ikate/Ilasan area has a strong track record of value growth due to sustained development.

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Sale Opportunity

This offering presents a chance to acquire two titled, development-ready plots in a high-growth area of Lekki. The sandfilled condition and C of O title make it a compelling option for a builder or investor seeking to expedite a project.

Ideal For:
- Real Estate Developers
- Strategic Land Investors
- Individuals Planning a Custom Family Estate
- High-Net-Worth Portfolio Buyers

Essential Next Steps:
- Verify Survey Plan: Obtain the survey plan to confirm the exact size in square meters for accurate valuation.
- Confirm Title Authenticity: Conduct a verification of the C of O at the Lagos State Lands Bureau.
- Site Inspection: Personally visit to assess the land, fencing, and surrounding area.
- Due Diligence: Engage a lawyer to conduct a full land search to ensure it is free from encumbrances.

Secure your stake in Lekki's growth with these titled, ready-to-build plots in Ikate Ilasan.