30,000 Sqm Prime Development Land

Listing title
For Sale --- 30,000 sqm Prime Development Land on Lagos‑Badagry Expressway (Beside OdunAde International Market) C of O Land Value ₦3.5B

Overview
High‑profile development land directly on the Lagos‑Badagry Expressway, adjacent to the busy OdunAde International Market. This 30,000 sqm (3.0 ha) parcel is offered with a clean Certificate of Occupancy (C of O) and presents an outstanding opportunity for developers and investors targeting logistics, industrial, commercial retail, mixed‑use or large‑scale residential projects. Excellent frontage, immediate accessibility and strong market fundamentals make this a strategic acquisition for short‑to‑medium term development or land‑banking.

Quick facts

- Site area: 30,000 sqm (3.0 hectares)
- Location: Direct frontage on Lagos‑Badagry Expressway --- beside OdunAde International Market (high footfall and commercial activity)
- Title: Certificate of Occupancy (C of O) --- available for inspection to qualified buyers
- Land value: ₦3,500,000,000 (Three billion, five hundred million Naira)
- Premium (upfront): ₦200,000,000 (Two hundred million Naira) --- payable as agreed in transaction terms
- Facilitator fee: 10% of land value (to be paid in accordance with agreed facilitator terms)
- Availability: Immediate --- subject to satisfactory Due Diligence and legal completion

Strategic location advantages

- Prominent expressway frontage ensures high visibility and excellent connectivity for road transport, distribution and retail logistics.
- Adjacency to OdunAde International Market provides strong trade synergies and a large consumer base for retail, wholesale or support services.
- Rapidly developing corridor with improving infrastructure --- attractive for industrial parks, warehouses, logistics hubs, large retail formats, transit‑oriented developments and high‑density residential or mixed‑use schemes.
- Proximity to port access routes and major Lagos urban nodes supports supply‑chain and export‑oriented users.

Suggested development uses

- Logistics / distribution centre and warehousing (ideal for national/regional logistics operators)
- Light industrial / manufacturing park and SME clusters
- Large retail / wholesale complex or hypermarket serving market catchment and expressway users
- Mixed‑use development combining commercial, retail, hospitality and residential components
- Masterplanned residential estate or serviced plots (subject to approvals and market strategy)

Commercial terms & transaction note

- Asking land value: ₦3.5 billion (market pricing based on location and frontage)
- Premium: ₦200 million upfront (payable as negotiated) --- buyer to confirm premium mechanics during HoT stage
- Facilitator fee: 10% of land value (payable as agreed between facilitator and parties) --- arrange confirmation of payment timing and escrow details in HoT
- Payment & transfer: Terms negotiable --- buyer to submit LOI and proof of funds; preferred payment and completion mechanics to be agreed in Heads of Terms and formal sale agreement

Due diligence & recommended pre‑purchase checks
Prospective buyers should commission and verify the following prior to commitment:

- Certified copy of Certificate of Occupancy (C of O) and chain of title / deed assignment documents
- Up‑to‑date site survey / plan showing boundaries, coordinates and dimensional verification
- Confirm absence of encumbrances, caveats or third‑party claims via solicitor's title search
- Planning & zoning confirmation --- permissible uses, allowable coverage and setback requirements with Lagos State planning authority
- Environmental Impact Assessment (EIA) and ground conditions check (contamination risk, floodplain status)
- Geotechnical / soil investigation (for foundation & drainage design)
- Utilities check: proximity/availability of power, water, drainage and telecoms; connection costs estimate
- Access & road set‑back compliance for expressway lots and confirmation of access points/easements
- Verify rates, levies and outstanding statutory obligations

Transaction process (recommended)

1. Submit Letter of Interest (LOI) together with proof of funds / bank reference.
2. Arrange confidential site inspection and meeting with owner/facilitator.
3. Execute Heads of Terms (HoT) covering price, premium, facilitator fee, timelines and escrow arrangements.
4. Conduct legal & technical due diligence (title check, survey, geotech, EIA).
5. Execute sale/purchase agreements and complete payment via appointed solicitors/escrow.
6. Transfer title and register per standard conveyancing process.

Why acquire this site now

- Large contiguous parcel with expressway frontage is increasingly scarce in the Lagos‑Badagry corridor.
- Immediate commercial synergies with OdunAde Market and strong demand from logistics, retail and industrial occupiers.
- Clear title (C of O) provides a solid platform for financing and rapid transaction execution for qualified buyers.


Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.

*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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