Land for sale
Morogbo, Badagry, Lagos
Property brief
slvhakeem
prime waterfront land for mixed-use development, morogbo, badagry, lagos state
1. executive summary
this property brief outlines the salient features and investment potential of a substantial
150-acre waterfront land parcel located in the rapidly developing morogbo area of badagry,
lagos state. the site offers a unique combination of scale, strategic location, and clear, proven title, backed by a supreme court judgment and compliance with the land use act. its 3.2 km shoreline along the ologe lagoon presents a unique opportunity for a premium mixed-use development with significant waterside and recreational potential.
2. property details
location: morogbo, badagry, lagos state, nigeria.
accessibility: situated immediately after the main bridge entry into badagry (coming
from lagos state university of education axis) with direct exit/access just to the left of the
bridge.
adjacency/landmarks: adjacent to the morogbo community and a major shopping
center.
total land area: 150 acres (approx. 60.7 hectares / 607,000 sqm)
shoreline distance: 3.2 kilometers along the ologe lagoon.
terrain: relatively wetlands (requiring strategic development/sand-filling).
boundary descriptions:
northern boundary: lagos-badagry expressway.
western boundary: morogbo community.
eastern boundary: ologe lagoon.
southern section: ologe lagoon (the lagoon flows into the southern part of the
site).
3. title and documentation
title status: excellent and clearly defined.
legal foundation: secured by a supreme court judgment, which has been
subsequently adopted under the land use act.
vesting: title has been successfully transferred to the current client/purchaser.
current activity: developmental activity has commenced on the site.
4. investment highlights
prime waterfront location: the 3.2 km shoreline on the ologe lagoon is a rare asset,
ideal for developing resorts, luxury residential enclaves, marinas, and waterside
hospitality/recreational facilities.
strategic accessibility: direct frontage and excellent connectivity to the lagos-badagry
expressway (currently undergoing significant expansion/reconstruction), promising future
appreciation and seamless access to lagos cbd.
scale of land: 150 acres provides massive scope for a large-scale master-planned
community (residential, commercial, and recreational mix), mitigating land acquisition
hurdles common in densely populated areas.
investment security: the site's title is arguably one of the most secure in the corridor,
being backed by a supreme court ruling and full compliance with the land use act,
significantly reducing ownership risks.
development catalyst: badagry axis is earmarked for major economic growth, including the badagry seaport project and the ongoing infrastructural revolution, making this a future economic hub.
5. development potential
the site is uniquely positioned for a premier development project, potentially including:
luxury residential estate: waterside villas, apartments, and townhouses capitalizing on
the lagoon views and tranquility.
mixed-use commercial centre: retail spaces, offices, and entertainment hubs serving
the rapidly growing morogbo/badagry population.
waterside resort/hotel: leveraging the 3.2 km shoreline for hospitality and tourism.
logistics/industrial park: benefitting from the proximity to the expressway and the
potential future sea port (subject to zoning).
6. next steps
detailed documentation, survey plans, and evidence of current site activities will be made
available upon receipt of a favorable expression of interest and subsequent qualification. we
invite serious investors and developers to explore this unique, large-scale waterfront opportunity.
price: 75m per acre ask...
More details
₦75,000,000 per acre
360 DEGREE PROPERTIES LTD
09137785096
