9,200 SQM Residential Land

Property Details Location: Freedom Way, Lekki Phase 1, Lagos Property Type: Land Land Size: 9,200 SQM Asking Price: ₦1,200,000 per SQM Indicative Total Land Value: ₦11,040,000,000 (₦11.04 Billion) Title: Governor's Consent, as stated Transaction: For Sale Zahari View This 9,200 SQM parcel of land on Freedom Way, Lekki Phase 1, Lagos, presents a large-scale acquisition opportunity for property developers, institutional investors and buyers considering a substantial development project within the Lekki corridor. At the stated asking rate of ₦1.2 million per SQM, the indicative land value is ₦11.04 billion, excluding any applicable agency fees, professional charges, statutory costs and other acquisition expenses. The size of the parcel may provide flexibility for a mixed-development concept, subject to verification of the permitted land use, planning regulations, development density and applicable approval requirements. Freedom Way is a recognised address within Lekki Phase 1. However, the commercial suitability of this particular parcel should be assessed through independent valuation, location-specific market research, title verification and a review of the site's access, infrastructure and development constraints. Property Highlights 9,200 SQM land parcel. Located on Freedom Way, Lekki Phase 1, Lagos. Asking rate of ₦1.2 million per SQM. Indicative total land value of ₦11.04 billion. Governor's Consent stated as the title. Potential for a substantial development project, subject to permitted use and planning approvals. Suitable for consideration by developers and investors assessing large land acquisitions. Why This Property Deserves Attention For property developers: The land size may support the evaluation of a larger development concept. Before preparing a project proposal, developers should establish the permitted use, allowable building height, density, setbacks, parking requirements and other planning conditions applicable to the site. For institutional and long-term investors: The location and scale may justify a detailed assessment of acquisition costs, development feasibility and comparable land transactions in Lekki Phase 1. Any projection of future value or investment returns should be supported by current market evidence and a realistic financial model. Buyer's Perspective: What to Verify Before proceeding with the purchase, prospective buyers should independently confirm: The Governor's Consent and the property's root of title. Ownership history and the seller's authority to sell. Survey plan, coordinates, exact boundaries and total land area. Permitted land use and applicable planning regulations. Development density, height restrictions and setback requirements. Road access, right of way and existing infrastructure. Availability of utilities and potential infrastructure costs. Existing encumbrances, third-party interests or litigation. Applicable planning approvals and development conditions. Agency fees, legal fees, statutory charges and other transaction costs. Investor / Buyer Note At the stated rate of ₦1.2 million per SQM, the calculation is: Land size: 9,200 SQM Price per SQM: ₦1,200,000 Indicative land value: ₦11.04 billion The amount above represents the calculated land value based on the supplied figures. It does not include additional transaction costs unless expressly agreed otherwise. Prospective buyers should obtain an independent valuation, verify the title and confirm the property's development potential before making a binding offer. For Enquiries & Inspections Phone/WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property details, pricing and title information are based on information supplied for this listing and have not been independently verified. Buyers should conduct independent legal, survey, valuation and planning due diligence and confirm all transaction terms before proceeding with the purchase.