1,691.88 Sqm Waterfront Land

Property Ref : 3695618

Residential land for sale

Lekki Phase 1, Lekki, Lagos

₦1,500,000 per square meter

Features

Property Details
Location: Lekki Phase 1, Lagos
Property Type: Waterfront Land
Land Size: 1,691.88 SQM
Position: Waterfront
Title: C of O stated
Asking Price: 1.5 Million per SQM net
Transaction: Sale
Zahari View

This 1,691.88 SQM waterfront land is available for sale in Lekki Phase 1, Lagos, at a stated asking price of 1.5 Million per SQM net.

The size and waterfront position make the property a landholding that may be considered for development, subject to applicable planning, environmental and waterfront regulations.

For waterfront land, buyers should go beyond the standard title checks. Shoreline conditions, setbacks, access, permitted land use, environmental considerations and development restrictions should be carefully reviewed before committing to the acquisition.

Property Highlights
1,691.88 SQM land
Waterfront position
Located in Lekki Phase 1, Lagos
C of O stated
1.5 Million per SQM net
Suitable for consideration for waterfront development, subject to approvals
Why This Property Deserves Attention

The property's substantial land area and waterfront position may be relevant to buyers looking for a larger development site within Lekki Phase 1.

However, waterfront properties can have additional planning and environmental considerations. The actual development potential should therefore be established through proper technical, planning and legal due diligence rather than based solely on the land size or location.

Buyer's Perspective

Before proceeding with the acquisition, prospective buyers should independently verify:

Original C of O and ownership documentation
Survey plan and exact land dimensions
Plot boundaries and coordinates
Exact waterfront and shoreline position
Applicable building setbacks
Permitted land use
Planning and development restrictions
Shoreline and environmental conditions
Access to the property
Drainage and flood-related considerations
Applicable waterfront or environmental approvals
Any encumbrances or third-party interests
Seller's ownership and authority to sell
Investment Perspective

At the stated rate of 1.5 Million per SQM, the indicative land consideration for 1,691.88 SQM is approximately 2.538 Billion net.

This calculation is based solely on the supplied land size and asking rate. It excludes legal, documentation, professional, planning, development and other applicable transaction costs.

Prospective buyers should assess the overall acquisition and development cost against their intended use of the property before proceeding.

Investor / Buyer Note

Waterfront land requires additional attention to the relationship between the property boundary and shoreline, applicable setbacks, environmental requirements, access and permitted development.

A physical inspection together with independent legal, surveying, planning and technical advice is recommended before payment or execution of any agreement.

Documentation

The property is stated to have a C of O. The title and associated property documents should be independently verified with the relevant authorities and qualified professionals.

Buyers should also confirm whether any additional approvals are required because of the property's waterfront position and intended development.

Property Intelligence Beyond the Listing

For a waterfront acquisition, the title alone does not determine the full development potential of the property.

A prospective buyer should establish the exact survey position, shoreline relationship, applicable setbacks, permitted development parameters, environmental requirements and access arrangements before determining how the land can practically be developed.

Asking Price

1.5 Million per SQM net

Indicative Land Value: Approximately 2.538 Billion net

For Enquiries & Inspections

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Zahari Properties
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Disclaimer: Property information is based on the supplied listing details. Prospective buyers should independently verify title, ownership, survey, boundaries, shoreline conditions, setbacks, planning requirements, environmental considerations, access, development restrictions, fees and all other relevant information before proceeding with the transaction.

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