For Sale --- Prime Development Parcel, Eleko Beach
Price: ₦500,000,000 (Five Hundred Million Naira) --- AskingSite area: Approximately 8,030 sqm (0.803 ha / ≈1.98 acres)Title: Survey Plan (documents available for verification)Location: Eleko Beach --- directly opposite established beach resorts
Overview
An exceptional opportunity to acquire a substantial, development‑ready land parcel at Eleko Beach. This approximately 8,030 sqm site occupies a highly desirable position directly opposite a cluster of popular beach resorts, offering outstanding potential for hospitality, leisure and residential schemes capitalising on coastal demand and experiential tourism.
Property summary
- Land area: ≈8,030 square metres (approximate; final size to be confirmed by survey)
- Title: Survey Plan --- full documentation available for qualified buyers and subject to verification
- Asking price: ₦500,000,000
- Location advantage: Prime Eleko Beach setting with immediate proximity to established beach resorts, leisure amenities and coastal attractions
Key attributes & development potential
- Strategic beachfront‑fringe position: strong appeal for boutique hospitality, holiday homes, resort villas or gated beach estate development.
- Size and scale: the 8,030 sqm footprint supports a variety of concepts --- small luxury resort, serviced villas, holiday‑let cluster, wellness retreat, event venue or mixed‑use leisure village.
- Proven demand generator: proximity to existing resorts and leisure infrastructure enhances year‑round and seasonal occupancy prospects.
- Scenic and lifestyle appeal: the coastal setting lends itself to curated outdoor amenity design (landscaped terraces, pools, al fresco dining, beach access arrangements).
- Investment use cases: owner‑operated hospitality, lease‑back serviced accommodation, high‑end holiday home development, or long‑term landbank for capital appreciation.
Location & accessibility
- Situated at Eleko Beach, one of the Atlantic Coast's most sought‑after leisure strips in the region.
- Immediate access to local leisure nodes, hospitality operators and coastal leisure traffic.
- Reasonable connectivity to mainland transport routes; precise travel times and access routes to be provided on request.
- Attractive catchment for local and international holidaymakers, corporate retreats and lifestyle buyers.
Title, due diligence & planning considerations
Prospective purchasers are advised to undertake standard due diligence, including:
- Verification of the Survey Plan at the relevant Land Registry and confirmation of any title irregularities or encumbrances.
- Boundary pegging and cadastral confirmation by a licensed surveyor.
- Planning and zoning review with the local planning authority to confirm permitted uses, development density and any coastal‑setback or environmental restrictions.
- Environmental and site‑specific assessments (coastal erosion, flood‑risk, soil and geotechnical tests) as required by lenders or statutory bodies.
- Confirmation of access rights, easements, drainage and utilities (power, water, sewerage and telecoms).
- Consideration of statutory approvals for hospitality operations (licences, health & safety, environmental permits).
Price & commercial terms
- Asking price: ₦500,000,000 (Five Hundred Million Naira).
- Transactional costs --- stamp duty, registration fees, legal fees and agency commissions --- are additional and borne by the purchaser unless otherwise agreed.
- Payment terms, deposit and completion schedule are negotiable and will be formalised in heads of terms following buyer qualification.
Viewings & next steps
- Viewings strictly by appointment for qualified buyers.
- To proceed, please provide proof of funds (POF) or developer credentials; a signed nda may be required to receive full title and technical documentation.
- On qualification we will provide: certified copy of the survey plan, GPS coordinates/site plan, photographs and any available technical notes. Site inspection can be arranged at a mutually convenient time.
Important notice
All particulars are provided in good faith for guidance only and are subject to verification. The site area is approximate and should be confirmed by independent survey. The seller reserves the right to vary or withdraw the offering without prior notice. Prospective purchasers must conduct their own legal, financial and technical due diligence prior to commitment.
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