811 Sqm Cowrie Creek Estate, Ikate, Lekki, Lagos

Prime Estate Plot For Sale in Cowrie Creek Estate, Ikate, Lekki
811 SQM Middle Plot Global C of O / Deed of Sublease ₦950 Million NET ≈ ₦1.171 Million per SQM

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Property Overview

- Location: Cowrie Creek Estate, Ikate, Lekki, Lagos
- Plot Size: 811 SQM
- Plot Position: Middle of the block
- Title: Global Certificate of Occupancy / Deed of Sublease (Estate Title)
- Asking Price: ₦950,000,000 (NET)
- Price per SQM: ≈ ₦1,171,393
- Status: Titled plot within a secured estate, ready for development

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Key Highlights

- Premium Estate Address: Part of the prestigious Cowrie Creek Estate, offering a secure, managed environment with quality infrastructure---a key value driver.
- Strong "NET" Price: The asking price is stated as "NET," indicating it is likely the final price with no hidden agent commissions or fees payable by the buyer, simplifying the transaction.
- Secure Estate Title Structure: Ownership is held through a Global C of O and Deed of Sublease, the standard and secure framework for reputable Lagos estates, facilitating smooth resale.
- Middle Plot Advantages: Often offers more privacy, reduced road noise, and greater design flexibility for the building footprint compared to corner or road-facing plots.

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️ Development Potential

- Spacious Luxury Detached Villa
- Contemporary Duplex Complex with Multiple Units
- High-End Residential Compound
- Boutique Serviced Apartments (subject to estate approval)

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Analysis vs. Plot A

Here is a direct comparison to help you evaluate both options:

- Plot A (795 SQM): Fenced plot priced at ₦850M (~₦1.069M/SQM). The fence adds immediate security but comes at a premium.
- Plot B (811 SQM): Middle plot with a NET price of ₦950M (~₦1.171M/SQM). The higher price per SQM may reflect a more premium location within the estate, superior topography, or a firm seller.

Consideration: Plot B is 16 SQM larger but costs ₦100M more. The value decision hinges on whether the "middle" position and "NET" price terms are worth the premium over the ready-to-secure fenced Plot A.

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Essential Verification Steps

For a secure transaction on Plot B, these steps remain non-negotiable:

1. Estate Management Verification: Contact the Cowrie Creek Estate Management Office to confirm the seller's ownership, the plot's status, and all applicable fees and building guidelines.
2. Title Document Review: A property lawyer must review the Global C of O and Deed of Sublease to confirm authenticity.
3. Physical Site Inspection: Visit to assess the plot's exact location, terrain, and surroundings within the estate block.
4. Clarify "NET" Terms: Confirm in writing that the ₦950M covers the full purchase price with no additional buyer-side fees.

Plot B presents a "NET" price opportunity in a premium estate. The final choice depends on your valuation of plot position versus immediate fencing.

Would you like me to help draft a side-by-side comparison table of Plots A and B for a clearer financial and feature analysis?