Residential land for sale
2,821 SQM Residential Land
Property Details Location: Off Admiralty Road, Lekki Phase 1, Lagos Property Type: Land Land Size: 2,821 SQM Asking Price: ₦2 Million per SQM Estimated Total Price: ₦5.642 Billion Transaction: Sale Title: Certificate of Occupancy (C of O) stated Zahari View This 2,821 SQM parcel of land, located off Admiralty Road in Lekki Phase 1, Lagos, presents an opportunity for buyers, property developers and investors considering a substantial land acquisition in the area. At the stated asking rate of ₦2 million per square metre, the indicative land value is ₦5.642 billion, excluding any additional acquisition, legal, statutory or professional costs. The property's suitability for a particular development will depend on its exact location, permitted land use, plot configuration and applicable planning requirements. For a land acquisition of this scale, prospective buyers should establish the precise plot location, survey coordinates, dimensions, boundaries, access arrangements and permissible building envelope before proceeding. Property Highlights 2,821 SQM land parcel Located off Admiralty Road, Lekki Phase 1 Asking price of ₦2 million per SQM Estimated total price of ₦5.642 billion Certificate of Occupancy (C of O) stated Development potential subject to applicable planning requirements Why This Property Deserves Attention The land area provides a substantial footprint for buyers evaluating a larger property development or land acquisition in Lekki Phase 1. Its location off Admiralty Road may be relevant to buyers assessing access, surrounding land use and the suitability of the site for their intended project. However, the practical development potential should be determined through a review of the plot's dimensions, access, setbacks, permitted building density, height restrictions and other applicable planning controls. These factors should be considered alongside the asking price and verified title documentation. Buyer's Perspective Prospective buyers should independently verify: Original Certificate of Occupancy and root of title Ownership history and authority to sell Survey plan and coordinates Exact plot location, dimensions and boundaries Road access and right of way Permitted land use Applicable building setbacks and development density Building height restrictions and planning approvals Drainage and infrastructure conditions Existing encumbrances or third-party interests Applicable legal, statutory and professional costs Investor / Buyer Note At the stated asking rate of ₦2 million per SQM, the indicative total for 2,821 SQM is ₦5.642 billion. This calculation is based on the supplied land size and rate and excludes any additional acquisition-related expenses. The stated C of O should be independently verified alongside the ownership records, survey details, plot boundaries and any existing encumbrances. Buyers should also confirm the permitted use and development conditions with the relevant authorities before making a financial commitment. For Enquiries & Inspections Call/WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information is based on details provided at the time of listing. Prospective buyers should independently verify the property's availability, title, ownership, survey, boundaries, access, permitted land use, planning requirements and applicable costs with the appropriate professionals and authorities before committing to a purchase.
