₦75,000,000
per acre
Land for sale
150 Acres of Waterfront Land
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 asking
