For sale: Distress Sale : Facing Express 1 Plot Of Land

Commercial Land For Sale Oribanwa Ibeju-Lekki Lagos selling for ₦150,000,000. See property details on PrivateProperty.ng or browse all our range of properties in Oribanwa Ibeju-Lekki Lagos

Comprehensive Description of a Dry Land Facing Lekki-Epe Expressway at Oribanwa Ibeju-Lekki with Gazette Title

Location Overview:
The parcel of dry land is situated along the Lekki-Epe Expressway, specifically in the Oribanwa area of Ibeju-Lekki, Lagos State, Nigeria. This location is strategically positioned along one of the primary arteries leading into Lagos City, making it an area of significant interest for both commercial and residential developments

Land Characteristics:
- Total Area : The land spans an area of 659 square metres suitable for a range of developmental projects, whether residential estates, commercial complexes, or mixed-use developments.

- Topography: The terrain is predominantly flat, with minor undulations that allow for effective drainage. The soil composition is stable, primarily comprising sandy loam, which is conducive for construction.

- Accessibility : Direct access from the Lekki-Epe Expressway enhances the land's appeal. The expressway is well-maintained and facilitates easy transportation to and from central Lagos, Victoria Island, and Lekki Free Zone.

- Surrounding Infrastructure : The area is witnessing rapid infrastructural growth, including the development of residential estates, shopping malls, schools, and hospitals, contributing to the area's growing urbanization.

Environmental Aspects:
- Climate : The region experiences a tropical climate, characterized by wet and dry seasons. The dry land is well-drained, minimizing the risk of flooding.

Potential Uses:
1. Commercial Ventures : Given its proximity to the Lekki-Epe Expressway, the site could host shopping centers, offices, or hospitality businesses, serving both residents and commuters.
2. Mixed-Use Developments : The versatility of the land allows for a blend of residential and commercial projects, maximizing its value.

Title : Gazette

- Description of Title : The land is legally titled as per the records in the Lagos State Land Registry. The Gazette title serves as an official acknowledgment of the land ownership and outlines the boundaries, dimensions, and permissible land uses as stipulated by the Lagos State Government.

- Legal Status : The land is free from encumbrances and is compliant with all local zoning laws, making it a secure investment opportunity. The title ascertainment ensures adherence to legal requirements necessary for future developments.
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