Residential land for sale
1,000 SQM Land
Property Details Location: Orange Island Phase 4, Lagos Property Type: Land Land Size: 1,000 SQM Transaction: For Sale Asking Price: ₦550,000,000 Zahari View This 1,000 SQM parcel of land is available for sale in Orange Island Phase 4, Lagos, at an asking price of ₦550 million. The size provides flexibility for a substantial residential development concept, subject to the applicable estate guidelines, planning requirements and permitted development parameters. For a prospective buyer, the assessment should go beyond the land size and asking price. Infrastructure delivery, estate development requirements, accessibility and the buyer's intended development horizon are important factors to consider before acquisition. Property Highlights 1,000 SQM landholding. Located in Orange Island Phase 4. Asking price of ₦550 million. Suitable for a potential residential development concept. Development subject to applicable estate guidelines and planning requirements. Suitable for buyers considering immediate or future development. Why This Property Deserves Attention The 1,000 SQM land size provides a sizeable footprint for a residential development concept. For buyers planning to develop, the available space may provide flexibility in considering the layout and scale of the proposed project, subject to the estate's development guidelines and statutory requirements. The current state of infrastructure within the estate should also be assessed alongside the buyer's intended timeline for construction or future resale. Buyer's Perspective Before proceeding with the purchase, prospective buyers should verify: Exact land size and boundaries. Survey and title documentation. Ownership and transfer history. Estate development guidelines. Permitted land use. Applicable building height, density and setback requirements. Access roads and infrastructure. Utility availability. Estate dues and other applicable charges. Planning and development approval requirements. Any restrictions or covenants affecting the property. Investment Perspective The investment assessment should consider the ₦550 million acquisition price, the buyer's intended holding period and the potential development costs associated with the property. For a buyer intending to develop, a realistic project budget should include construction costs, professional fees, statutory charges, infrastructure requirements and other related expenses. For a buyer intending to hold the land, market conditions, estate development progress and the intended investment horizon should be independently assessed. Future appreciation or investment returns should not be assumed without appropriate market and financial analysis. Investor / Buyer Note The key consideration is not only the 1,000 SQM land size but also the development framework governing the property. Prospective buyers should obtain and review the current estate guidelines and confirm what can practically and legally be developed on the site before committing to a construction plan. A physical inspection and independent legal and planning due diligence are recommended before purchase. Documentation Prospective buyers should request and independently verify: Title documentation. Survey Plan. Evidence of ownership. Deed of Assignment or applicable transfer documentation. Estate development guidelines. Applicable planning and development requirements. Estate dues and other financial obligations. Any restrictions or conditions attached to the property. Property Intelligence Beyond the Listing For land within an estate, the development rules and infrastructure can have a significant bearing on the property's practical value. A buyer should therefore understand the current infrastructure position, permitted development parameters and likely development timeline before making a final decision. The intended use of the land---whether for immediate construction, future development or investment holding---should also guide the buyer's assessment. Asking Price ₦550,000,000 For Enquiries & Inspections +234 907 301 3359 www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information contained in this listing is based on the details provided and should be independently verified. Prospective buyers should confirm the land size, boundaries, ownership, title, estate guidelines, development parameters, infrastructure, applicable fees and all transaction terms before proceeding with the purchase.
