500 Sqm Bare Land

Prime Bare Land For Sale in Lekki Phase 1 (RHS), Lagos
500 SQM Certificate of Occupancy (C of O) ₦750 Million ₦1.5 Million per SQM

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Property Overview

- Location: Lekki Phase 1 (Right Hand Side - RHS), Lagos
- Land Size: 500 SQM
- Title: Certificate of Occupancy (C of O)
- Asking Price: ₦750,000,000
- Price per SQM: ₦1,500,000
- Status: Bare land, ready for development

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Key Highlights

- Premium Phase 1 (RHS) Address -- The Right Hand Side of Lekki Phase 1 is particularly prestigious, often featuring better road networks, lagoon access, and established high-value properties.
- Strong C of O Title -- This is the most secure form of land title in Lagos, guaranteeing ownership and ensuring smooth future resale.
- Scarcity of Bare Land -- Undeveloped plots in fully settled, prime areas like Lekki Phase 1 are rare and highly sought after.
- Immediate Build Potential -- No existing structures to demolish, allowing for a custom architectural vision from the ground up.

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️ Development Potential

- Luxury Detached Villa or Mansion
- High-Spec Duplex with Extensive Amenities
- Boutique Apartment Building (subject to density approval)
- Corporate Executive Guest House
- Private Family Compound

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Location Benefits

- Established Prestige -- Lekki Phase 1 is Lagos's most exclusive and secure residential district, home to diplomats, executives, and high-net-worth individuals.
- Superior Infrastructure -- Enjoy wide, tarred roads, constant power supply in many parts, central drainage, and a serene, green environment.
- Proximity to Business Hubs -- Minutes from Victoria Island, Ikoyi, and Lagos Island's commercial centers.
- Lagoon Access (Potential) -- Many RHS properties have direct or proximity access to the lagoon, offering unique views and recreational value.
- Unmatched Resale Value -- Properties in Phase 1 maintain and appreciate value consistently due to limited supply and unwavering demand.

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Investment Value & Market Context

- Asking Price: ₦750 Million
- Price per SQM: ₦1.5 Million
- Market Analysis: This asking price is competitive within the current 2026 market. Land in prime Lekki Phase 1 corridors typically ranges from ₦1.2 million to over ₦2.5 million per SQM, heavily dependent on the exact street and proximity to the lagoon.
- Justification: The price reflects the premium for a titled, bare plot in a fully developed, high-security, and low-density neighborhood where new opportunities are extremely scarce.

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Critical Next Steps for a Secure Transaction

This is a high-value asset in a premium market. Rigorous verification is not optional.

1. Verify the C of O Authenticity: This is the first and most critical step. The document must be confirmed as genuine at the Lagos State Lands Bureau. Your lawyer must check for any encumbrances or covenants.
2. Conduct a Physical Survey Inspection: Visit the site with a registered surveyor to confirm the land's beacons, boundaries, and exact size match the survey plan attached to the C of O.
3. Perform Comprehensive Due Diligence: Engage a reputable property lawyer to conduct a full land search. This will reveal if the land is truly free from government acquisition, litigation, or community disputes.
4. Negotiate from a Position of Knowledge: Once due diligence is clear and the title is verified, you can negotiate confidently. Given the market position, significant discounts may be unlikely, but transaction terms can often be optimized.

Ideal For:
- Ultra-High-Net-Worth Individuals and Families
- Real Estate Developers specializing in luxury projects
- Corporate Entities seeking a flagship address
- Long-term institutional investors

An opportunity to build a legacy home in Lagos's most established and prestigious neighborhood --- where land is a finite commodity.