Interested in this property?
PROPERTY LISTING:
DISTRESS SALE --- PRIME 1,000 sqm LAND (ROAD‑FRONT) --- SALEM / JAKANDE, LEKKILocation: Salem, Jakande, Lekki, LagosLand Size: 1,000 sqm (dry, level)Title: Governor's ConsentPrice: ₦750,000,000 (Seven Hundred and Fifty Million Naira) --- Net (Motivated / Distress Sale)
EXECUTIVE SUMMARYA scarce, highly valued 1,000 sqm roadside parcel in the Jakande / Salem corridor offered at a significant discount for a quick sale. Originally valued at ₦1.2 billion, this dry, level land is strategically located near the expressway and is ideal for commercial or residential development. The owner will consider staged payment: 50% upfront today with the balance payable over the following six months --- an attractive concession for serious buyers.
KEY ATTRIBUTES
- Land Size: 1,000 sqm --- suitable for medium‑density residential development, upscale single‑family compound, boutique estate, or commercial frontage (retail, showroom, offices).
- Location: Salem, Jakande (Lekki) --- strong growth corridor with improving infrastructure and close proximity to the Lekki expressway.
- Road Frontage: Direct road-facing parcel providing excellent visibility and easy access --- valuable for commercial uses or high-value residential projects.
- Condition: Dry, level and development-ready with minimal site preparation required.
- Title: Governor's Consent --- available for verification; buyer to complete assignment process as part of closing.
PRICE & SPECIAL TERMS
- Asking Price: ₦750,000,000 (Net) --- substantial discount to original market value (₦1.2 billion).
- Payment Flexibility: Owner will accept 50% payment on agreement/transfer today and allow remaining 50% to be spread over 6 months --- subject to acceptable proof of funds, signed agreement and clear payment schedule.
- Sale Type: Quick, outright sale preferred; staged payment terms reserved for verified, serious buyers.
VALUE PROPOSITION & USE CASES
- Commercial: Showroom, retail complex, bank branch, or mixed commercial office space leveraging road frontage.
- Residential: Gated villa compound, serviced apartments or boutique estate for high‑end occupiers.
- Hybrid: Ground‑floor commercial with apartments above --- maximizes rental income and capital growth in the corridor.
- Investment Upside: Rapid capital appreciation expected as Lekki corridor infrastructure and demand continue to expand.
RISKS & DUE DILIGENCE RECOMMENDATIONS
- Title Verification: Confirm Governor's Consent status and required assignment/perfection steps with legal counsel.
- Survey & Boundaries: Review registered survey plan and conduct site verification.
- Planning & Approvals: Check local planning zoning and any land use restrictions for intended development.
- Environmental/Technical: Basic site evaluation recommended (drainage, access, utilities availability).
- Payment Terms: All staged payment structures to be documented in a legally binding sale agreement with escrow/independent trustee recommended for balance payments.
VIEWING & TRANSACTION PROTOCOL
- Availability: Immediate --- urgent sale.
- Documentation: Title and supporting papers available for inspection to pre‑qualified buyers under NDA.
- Viewing: Site inspections by appointment only for verified purchasers (proof of funds required prior to access).
- Contact: [Owner / Agent Name] --- direct negotiations encouraged for bona fide buyers.Phone: [Insert phone number] Email: [Insert email]
CONCLUSIONA rare, road‑facing 1,000 sqm land parcel in Salem Jakande offered at a marked discount with flexible, owner‑friendly payment terms. Ideal for buyers ready to move quickly --- half payment today secures the deal; balance over six months. Serious, pre‑qualified buyers only.
| Property Ref: 3201214 | Added On: 13 Nov 2025 | Last Updated: 22 Nov 2025 |
| Market Status: Available | Type: Land | Total Area: 1,000 sqm |
The popular Jakande neighborhood was named after Alhaji Lateef Jakande, Lagos State's first civilian governor. Why? This is due to the fact that Alhaji is remembered for presiding over an administration that initiated massive development strides in Lagos State.
In Jakande, you can find a variety of markets and stores that will provide you with enjoyable shopping experiences. For open-air shopping, go to the popular Jakande Art Market, and for indoor shopping, go to Blenco Supermarket.
Jakande is a residential area in Lagos State, so there are bound to be estates that suit your preferences and budget. Cadogan Place Estate and Femi Okunnu Housing Estate Phase 1 are both excellent options.
Jakande offers restaurants and spas to make your day more enjoyable. For delicious meals, go to Chicken Republic, Domino's Pizza, Bukka Hut, KFC, and Cedars Grill, and for self-care, go to Deezmundu Traditional Beauty Spa.
There are not a lot of places to experience nightlife in Jakande however you can still have a good time at the few bars and lounges around. 3.0 Lounge, Princess Bar and Iya Alaje Bar are great examples.
Schools in Jakande are focused and dedicated to producing well-rounded students who will be well equipped for continuous learning in the future. Schools like RubyGold British School, Anthos House, Spotlight Academy, JITY Pre School and Royal Treasures Junior School have conducive environments and dedicated teachers.
Read the full area guide for Jakande, Lekki, Lagos.
Interested in this property?
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by The Build Centre Properties. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.