2,500 SQM Land

Property Details Location: Orange Island, Lekki, Lagos Property Type: Land Land Size: 2,500 SQM Title: Certificate of Occupancy (C of O) Price per SQM: ₦950,000 Transaction: For Sale Total Asking Price: ₦2,375,000,000 Zahari View This 2,500 SQM parcel of land is available for sale in Orange Island, Lekki, Lagos, with a Certificate of Occupancy and an asking price of ₦950,000 per SQM, translating to a total asking price of ₦2.375 billion. The size of the parcel provides a substantial landholding that may support consideration of a significant residential development scheme, subject to applicable estate guidelines, planning regulations, permitted density and other development controls. For prospective buyers, the key consideration is not simply the size of the land but how much of the site can practically and legally be developed. Allowable density, setbacks, building parameters, infrastructure obligations and development costs should be established before the project's financial viability is assessed. Property Highlights 2,500 SQM landholding. Located in Orange Island, Lekki, Lagos. Title: Certificate of Occupancy (C of O). Asking price: ₦950,000 per SQM. Total asking price: ₦2.375 billion. Substantial parcel suitable for consideration of a sizeable residential development. Development potential subject to applicable planning and estate controls. Why This Property Deserves Attention The 2,500 SQM land size provides considerably more development flexibility than a standard residential plot, making it potentially relevant to developers, investors and buyers considering a larger residential project. However, the commercial viability of a development on the site will depend on the permitted density and development parameters. The number and type of units that can ultimately be delivered should not be assumed without confirming the applicable planning and estate requirements. The asking price should also be assessed against comparable land opportunities within Orange Island and other competing locations within the Lekki market. Buyer's Perspective Before proceeding with the acquisition, prospective buyers should verify: Exact land size and dimensions. Survey and boundary information. Certificate of Occupancy and its validity. Ownership and root of title. Exact location within Orange Island. Permitted land use. Estate development guidelines. Allowable density and plot coverage. Building height restrictions. Setbacks and planning requirements. Access and infrastructure. Utility availability. Estate dues and applicable charges. Development approval requirements. Any restrictions, covenants or encumbrances affecting the land. Investment Perspective At an asking price of ₦950,000 per SQM, the total acquisition cost is ₦2.375 billion. For a developer, the land acquisition cost should be evaluated alongside construction costs, professional fees, statutory charges, financing costs, infrastructure obligations, marketing expenses and other project-related expenditure. The project's potential unit yield and revenue should only be modelled after confirming the allowable development parameters. Factors such as construction cost, achievable sales prices, market demand, project duration and financing structure will also affect the overall economics. For a land investor, the assessment should consider the acquisition price, current market conditions, development activity within the location and the intended holding or exit strategy. Future appreciation or investment returns should not be assumed without appropriate market and financial analysis. Investor / Buyer Note For a landholding of this size and value, professional due diligence is particularly important. The buyer should establish the relationship between the 2,500 SQM land area, permitted development density and the actual developable area before making a final investment decision. A physical inspection, legal title review, survey verification and professional planning assessment are recommended. Documentation Prospective buyers should request and independently verify: Certificate of Occupancy. Survey Plan. Evidence of ownership. Root of title. Deed of Assignment or applicable transfer documentation. Estate development guidelines. Planning and development requirements. Evidence of applicable approvals where relevant. Estate dues and other financial obligations. Any restrictions, covenants or encumbrances attached to the property. Property Intelligence Beyond the Listing For a 2,500 SQM development site, the most important question is not simply "How much land is available?" but "What can legally and commercially be developed on the land?" Before committing ₦2.375 billion to the acquisition, a serious developer should establish the allowable development density, building footprint, height, setbacks, parking requirements, infrastructure obligations and other planning conditions. These factors will determine the project's realistic development capacity and should form the basis of any feasibility study or financial model. Asking Price ₦950,000 per SQM Total: ₦2,375,000,000 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 independently confirm the land size, boundaries, ownership, title, exact location, C of O, estate guidelines, development parameters, infrastructure, applicable fees and all transaction terms before proceeding with the purchase.