Residential land for sale
2 Hectares (20,000 SQM) Land
A 2-hectare parcel of land measuring 20,000 square metres is available for sale in Eleko, Ibeju-Lekki, Lagos, at an asking price of ₦1.2 billion. With a Lagos State Certificate of Occupancy (C of O) stated as the title, this property may interest developers, corporate buyers and investors assessing land acquisition opportunities in the Ibeju-Lekki area. Property Details Location: Eleko, Ibeju-Lekki, Lagos Property Type: Land Land Size: 2 Hectares (20,000 SQM) Asking Price: ₦1,200,000,000 (₦1.2 Billion) Title: Lagos State Certificate of Occupancy (C of O), as stated Transaction: For Sale Zahari View With a land area of 20,000 SQM, this property offers a substantial landholding for buyers considering a sizeable acquisition in Eleko, Ibeju-Lekki. The location may warrant further assessment by developers and investors exploring opportunities in the wider Ibeju-Lekki property market, subject to confirmation of the precise site location, access, permitted land use and applicable planning requirements. At an asking price of ₦1.2 billion, the indicative rate is ₦60,000 per square metre. Prospective buyers should evaluate the price against verified comparable land transactions, the property's legal status, infrastructure availability and the requirements of their intended project. Any proposed development should be assessed against the approved land use and relevant statutory regulations before a purchase decision is made. Property Highlights Land area: 2 hectares (20,000 SQM) Location: Eleko, Ibeju-Lekki, Lagos Asking price: ₦1.2 billion Indicative price per SQM: ₦60,000 Title: Lagos State C of O, as stated Potential buyer profile: Property developers, corporate buyers and land investors Development considerations: Subject to title verification, permitted land use and planning approvals Why This Property Deserves Attention For property developers: The 20,000 SQM land area may provide a basis for evaluating a substantial development proposal. The suitability of the property will depend on its approved use, site conditions, access, infrastructure and the buyer's development objectives. For investors: The asking price and land size provide a starting point for comparing the property with other offerings in Eleko and the wider Ibeju-Lekki area. A sound investment assessment should consider verified market evidence, acquisition expenses, infrastructure requirements and the intended investment horizon. Buyer's Perspective: What to Verify Before proceeding with the purchase, prospective buyers should: Verify the Lagos State C of O, ownership and the seller's authority to transact. Obtain and verify the survey plan, coordinates, boundaries and exact land area. Confirm the permitted land use and applicable planning restrictions. Check for encumbrances, disputes, easements or third-party interests. Assess road access, drainage, utilities and site preparation requirements. Obtain an independent valuation and review comparable land transactions. Confirm the final asking price, payment terms and applicable transaction costs. Investor / Buyer Note At the stated asking price of ₦1.2 billion for 20,000 SQM, the indicative price per square metre is: ₦1,200,000,000 ÷ 20,000 SQM = ₦60,000 per SQM. This calculation excludes applicable legal fees, taxes, agency fees, survey costs and other acquisition or development expenses. 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: Property details, land size, asking price and title information are based on information supplied for this listing and have not been independently verified. Prospective buyers should conduct independent legal, survey and planning due diligence to verify ownership, title, boundaries, permitted land use and all relevant transaction terms before committing funds.
