600 SQM Waterfront Land

Property Details Location: Lekki Phase 1, by Orange Island, Lagos Property Type: Waterfront Land Land Size: 600 SQM Price: ₦450,000 per SQM Total Asking Price: ₦270 Million Transaction: Sale Documentation: Federal C of O, niwa, Dredging, eia, laswa & nesrea Approvals Status: Reclamation in Progress Lagos C of O: In Process Zahari View Long Island is an off-plan waterfront land proposition within the Lekki Phase 1 corridor, by Orange Island, offering a 600 SQM plot for buyers considering future waterfront development. At the stated price of ₦450,000 per SQM, the 600 SQM parcel has an indicative asking price of ₦270 Million. The opportunity should be assessed within the context of its current reclamation stage, documentation, infrastructure delivery and the buyer's intended development timeline. As reclamation is still in progress and the Lagos C of O is stated to be in process, prospective buyers should independently verify the documentation, approvals, physical progress and expected infrastructure delivery before making a financial commitment. Property Highlights 600 SQM waterfront land Located in Lekki Phase 1, by Orange Island Off-plan development opportunity Asking price: ₦450,000/SQM Indicative total price: ₦270 Million Reclamation currently in progress Federal C of O stated Niwa approval/documentation stated Dredging approval/documentation stated Eia approval/documentation stated Laswa approval stated Nesrea approval stated Lagos C of O stated to be in process Why This Property Deserves Attention The 600 SQM plot size offers a defined landholding for buyers who are considering a future waterfront project within the Lekki corridor. Unlike a completed estate where roads, infrastructure and the physical environment can be inspected in their finished state, Long Island is currently an off-plan proposition with reclamation in progress. This makes the development timeline an important consideration. Prospective buyers should look beyond the current price per square metre and evaluate the project's physical progress, documentation, infrastructure plans and the conditions attached to allocation and eventual development. Waterfront Development Perspective Waterfront developments require careful assessment because reclamation and environmental considerations can directly influence development timelines and project planning. Before purchasing, buyers should seek clear information regarding: Current reclamation progress Expected completion timeline Land formation and ground conditions Road infrastructure Drainage Power and other utilities Estate infrastructure Access arrangements Allocation process Development timelines Applicable development restrictions The buyer's intended timeline should be considered carefully in relation to the current stage of the project. Investor / Buyer Note Serious buyers should conduct independent due diligence covering: Verification of the stated Federal C of O Status of the Lagos C of O Verification of niwa documentation Verification of dredging approvals Verification of eia documentation Verification of laswa and nesrea approvals Survey and exact plot identification Reclamation status Environmental and waterfront requirements Infrastructure delivery obligations Allocation documentation Applicable development controls Buyers should also establish the exact legal and regulatory status of the land before making payment. Documentation Stated Documentation: Federal C of O, niwa, dredging, eia, laswa & nesrea approvals. Lagos C of O: In process. All documentation should be independently reviewed and verified by the prospective buyer's appointed legal, surveying, planning and other relevant professionals before any transaction is concluded. Property Intelligence Beyond the Listing At Zahari Properties, we believe waterfront property requires more than simply looking at location and price. For an off-plan development such as Long Island, the reclamation process, regulatory documentation, infrastructure delivery and development timeline are central to understanding the opportunity. The current asking price of ₦450,000 per SQM provides a starting point for evaluating the land, but buyers should also understand the costs, obligations and timeline associated with the property's current development stage. A professional inspection and comprehensive documentation review are therefore essential before committing capital. Asking Price ₦450,000 per SQM 600 SQM × ₦450,000 = ₦270 Million Final availability, pricing and transaction terms should be confirmed. For Enquiries & Inspections Call / WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information is based on details provided at the time of listing. Plot size, pricing, title, approvals, reclamation progress, infrastructure delivery, development timeline and documentation should be independently verified by the prospective buyer and their appointed professionals before making any payment, offer or completing a transaction.