5300sqm Of Strategic Development-investment Land For Acquisition

Property for Sale --- Industrial Avenue, Sabo‑Yaba, Lagos
Property type: Strategic development / investment land (industrial / commercial)Location: Industrial Avenue, Sabo‑Yaba, Lagos (within the established industrial/commercial corridor in Yaba)Land area: 5,300 sqmAsking price: ₦2,000,000,000 (Two Billion Naira)Agency fee: 5% of sale price

Property overview
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A rare vacant land opportunity in the heart of the Sabo‑Yaba industrial corridor. The 5,300 sqm parcel on Industrial Avenue is well suited for industrial, logistics and commercial redevelopment or long‑term land banking. With strong locational advantages and proximity to Lagos's commercial and technology hubs, this plot represents a high‑value acquisition for developers, institutional investors and corporate occupiers.

Key sale highlights
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- Prime plot size (5,300 sqm) in an established industrial/commercial precinct --- rare availability at this scale.
- Strategic positioning within Sabo‑Yaba: immediate access to major arterial routes linking to Yaba, Mainland and Island business districts.
- Flexible development potential: warehousing/third‑party logistics (3PL), light manufacturing, office/tech campus, mixed‑use commercial or high‑density residential (subject to planning).
- Strong market demand driven by Yaba's growth as a technology and creative cluster, with rental and capital appreciation tailwinds.
- Asking price positioned for investors seeking a trophy landholding in a high‑growth node.

Location & accessibility
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- Situated on Industrial Avenue (Sabo‑Yaba) --- within an active industrial and commercial corridor.
- Convenient driving distance to central Yaba tech/innovation hubs, retail centres and transport links that serve Lagos Island and the Mainland.
- Road frontage on an established carriageway enhances access for heavy vehicles, deliveries and tenant operations (confirm exact frontage and access points on inspection).

Potential uses & development concepts
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- Logistics / Fulfilment Centre: last‑mile fulfilment hub or 3PL warehouse given proximity to dense consumer markets.
- Light Manufacturing & Assembly: suitable for companies requiring immediate road access and industrial servicing.
- Office / Tech Campus: conversion to multi‑storey office or co‑working campus to serve Yaba's technology ecosystem (subject to permissions).
- Mixed‑Use Redevelopment: podium retail/office with residential above for higher density schemes (subject to planning).
- Landbanking: long‑term hold for capital appreciation given scarcity of large parcels in the precinct.

Title & documentation
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- Title: Not specified by vendor in current brief --- prospective buyers should request certified copies of title (C of O / Deed of Assignment / Governor's Consent) and the Survey Plan.
- Approvals: Confirm land use/zoning with Lagos State planning authorities and any industry‑specific licensing requirements.
- Recommended documentation to request: certified Survey Plan, current title document(s), tax receipts, site plan, and any existing agreements/encumbrances.

Technical considerations & due diligence
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- Confirm exact boundary coordinates, frontage width, setback requirements and flood/drainage status with a licensed surveyor.
- Obtain land use and zoning confirmation from Lagos State Town Planning and Building Control.
- Check availability and take‑off costs for utilities (power, water, drainage, telecom) and access to waste management services.
- Commission a preliminary feasibility/traffic impact study if intended for logistics or high‑intensity use.
- Instruct solicitor to carry out searches and ensure clean clear title and encumbrance check.

Investment case
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- Yaba/Sabo precinct continues to attract technology, creative and logistics activity --- demand for purpose‑built commercial and industrial assets remains strong.
- A large contiguous site in Industrial Avenue is uncommon; acquisition allows scale and efficiency advantages for occupants or developers.
- Potential for appreciable capital gains and/or attractive rental returns once developed and let to high‑quality tenants.

Sale terms & viewings
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- Asking price: ₦2,000,000,000 (Two Billion Naira).
- Agency fee: 5% payable to the selling agent on successful completion.
- Viewings by appointment only; serious buyers must provide proof of funds and ID prior to inspection.
- Reservation deposit and formal sale terms to be agreed upon offer acceptance; buyer to instruct solicitor early to manage transaction.

What we can provide on request
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- Certified copy scans of any available site/title documents (upon vendor consent).
- High‑resolution site photographs and basic site plan.
- Introduction to surveyors, planners and solicitors to support due diligence and transaction.
- Preliminary development feasibility commentary tailored to a buyer's intended use.

Disclaimer: Information provided by the vendor and subject to verification. Prospective buyers must carry out independent due diligence, technical surveys and legal checks prior to commitment.
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