Residential land for sale
Orchid Hotel Road, Lekki, Lagos, Lekki Phase 2, Lekki, Lagos
Just out -- super distress sale orchid road, lekki
600 sqm bare land inside mini estate governor's consent ₦120 million
₦200,000 per sqm 3 units of duplexes can be built
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property overview
- location: orchid hotel road, lekki, lagos -- inside a mini estate, strategically positioned in this high-traffic, high-growth corridor.
- land size: 600 sqm (as per survey plan).
- title: governor's consent.
- asking price: ₦120,000,000.
- price per sqm: ₦200,000.
- status: bare land, ready for development.
- development potential: can accommodate 3 units of duplexes.
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key highlights
- super distress pricing: at ₦200,000/sqm, this is significantly below market rates for orchid road, where titled land typically commands ₦250,000--₦350,000/sqm depending on location and estate quality.
- prime orchid road location: orchid road is a major lekki artery, connecting to the lekki-epe expressway and providing access to key landmarks, estates, and commercial hubs.
- strong title security: governor's consent provides a perfected, bankable title---ready for financing and immediate transfer.
- mini estate advantage: inside a mini estate offers security, planned layout, and infrastructure benefits while maintaining value pricing.
- smart developer play: 600 sqm configured for 3 duplex units offers efficient development scale with clear exit strategy (sale of individual units or whole block).
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️ development potential
600 sqm ideally suited for:
- 3 units of luxury duplexes: terraced or semi-detached configuration, each approx. 200 sqm land allocation.
- boutique apartment block: 6--8 high-end flats.
- single landmark mansion: spacious family home with pool and gardens.
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market context
- per sqm discount: at ₦200,000/sqm, this represents a 20--40% discount to prevailing orchid road land values.
- comparable context: recent transactions for governor's consent--titled land in orchid road micro-locations have closed between ₦250,000--₦350,000/sqm.
- distressed opportunity: seller motivation creates rare entry point for cash-ready developers and investors.
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ideal for: developers seeking below-market land with clear title and immediate development potential; investors wanting a bankable asset in a prime lekki corridor.
a super distress 600 sqm parcel with governor's consent on orchid road -- priced for smart money to move quick...
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₦120,000,000
Ac Valour International
08036503218