90,000 SQM Residential Land

A substantial 90,000-square-metre land parcel is available for sale by Nicon Town, Ikate, Lekki, Lagos, at an asking price of ₦650,000 per square metre. With a stated Certificate of Occupancy (C of O), this property may interest developers, corporate buyers and investors evaluating large land holdings within the Lekki property market. Property Details Location: By Nicon Town, Ikate, Lekki, Lagos Property Type: Land Land Size: 90,000 SQM Price per SQM: ₦650,000 Total Asking Price: ₦58,500,000,000 (₦58.5 Billion) Title: Certificate of Occupancy (C of O), as stated Transaction: For Sale Zahari View At 90,000 SQM, this land parcel represents a substantial acquisition opportunity for buyers assessing large-scale property investments in the Ikate--Lekki corridor. Its location by Nicon Town may warrant consideration by developers and investors seeking a sizeable landholding, subject to confirmation of the precise boundaries, access, permitted land use and applicable planning requirements. At the stated rate of ₦650,000 per square metre, the indicative total asking price is ₦58.5 billion. Given the scale and financial commitment involved, interested parties should undertake detailed legal, technical and commercial due diligence before making an offer. The land's suitability for any proposed residential, commercial, mixed-use or other development must be established through the relevant planning and regulatory authorities. Property Highlights Large land area: 90,000 SQM Location: By Nicon Town, Ikate, Lekki, Lagos Asking rate: ₦650,000 per SQM Total asking price: ₦58.5 billion Title document: C of O, as stated Potential buyer profile: Property developers, institutional investors and corporate land buyers Development considerations: Subject to title verification, permitted use, planning approval and technical assessments Why This Property Deserves Attention For property developers: The size of the parcel may justify evaluating a comprehensive development proposal, subject to the property's planning designation, infrastructure requirements and regulatory approvals. For institutional and long-term investors: The land may merit assessment as a substantial property acquisition within the Lekki market. Investment decisions should be based on verified comparable land transactions, acquisition costs, development feasibility and the buyer's investment objectives rather than assumptions about future appreciation. Buyer's Perspective: What to Verify Before proceeding with an acquisition of this scale, prospective buyers should: Conduct a legal search to verify the C of O, ownership and the seller's authority to transact. Obtain and verify the survey plan, coordinates, boundaries and exact land area. Confirm access roads, right-of-way arrangements and any easements or encumbrances. Verify the property's permitted land use and applicable planning restrictions. Commission appropriate topographical, geotechnical, drainage and environmental assessments. Confirm infrastructure availability and potential site preparation costs. Review comparable transactions and negotiate terms based on independent professional advice. Investor Note At the stated asking rate of ₦650,000 per SQM, the calculation is: 90,000 SQM × ₦650,000 = ₦58,500,000,000 (₦58.5 billion). This figure excludes any applicable legal fees, taxes, agency fees, survey costs, due-diligence expenses and other transaction or development costs. The final price and terms should be confirmed with the seller. For Enquiries & Inspections Contact Zahari Properties for further information and inspection arrangements. Phone/WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties --- ...Points in the right direction. Disclaimer: The property details, asking price, land size and title information are based on information supplied for this listing and have not been independently verified. Interested parties should engage qualified legal and property professionals to verify ownership, title, boundaries, land use, planning status and all relevant transaction details before committing funds.