Commercial Land Measuring 1,940sqm in Lekki Phase 1

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Location

Lekki Phase 1

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Price

₦125,000,000

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Listing Status

Land

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Property Type

Mixed-Use Land

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Location

Lekki Phase 1

🏷️

Listing Status

Land

💴

Price

₦125,000,000

🏠

Property Type

Mixed-Use Land

Overview

A strategically positioned commercial land measuring 1,940sqm, directly facing the Lekki-Epe Expressway in the Lekki Phase 1 axis.

The property offers excellent road frontage, visibility and accessibility, making it suitable for businesses and commercial developments seeking a prominent location along one of Lekki's major traffic corridors.

Property Details:
- Land Size: 1,940sqm
- Directly facing Lekki-Epe Expressway
- Title: Governor’s Consent
- Lease Term: 5 years
- Payment Structure: 3 years upfront acceptable

Lease Terms:
- Annual Rent: ₦125,000,000 (Asking)
- Agency Fee: 10% of gross lease value
- Legal Fee: 10% of gross lease value

Suitable For:
- Church
- Restaurant
- Car dealership / Car Lot
- Filling Station
- Event Centre
- Gym and Fitness Centre
- Other commercial purposes, subject to relevant approvals

Why This Property?
- Prime expressway-facing location
- Excellent visibility and commercial exposure
- Substantial 1,940sqm land area
- Suitable for high-traffic commercial operations
- Flexible lease arrangement with 3 years' upfront payment acceptable
Asking Rent: ₦125 Million Per Annum

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