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The Only Property That Can Last Forever by mamakay533(m): 8:32pm On Apr 19, 2017 |
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Re: The Only Property That Can Last Forever by mamakay533(m): 1:50pm On Apr 21, 2017 |
WHY YOU SHOULD GRAB A CHEAP LAND FOR
SALE AT LEKKI FREE TRADE ZONE Lek Already
the news alone has driven property price by
more than 200% in less than 2 years. As at 2013,
a plot of land in Ibeju Lekki, Epe was selling for
an estimated N350,000 – N400,000, but now
prices have surged to around N1-N3.5 million per
plot, representing 150-200% return on investment,
a profit that is not easily available elsewhere
without its attendant risk. And that is not even
the end part, a few years from now all these
proposed projects mentioned is expected to have
reached 80-90% completion which is definitely
going to push the price further to another all-
time high. the best place to buy a cheap land for
sale right now is in an emerging site where
developmental projects are going on
simultaneously and if you pay close attention to
the noise in Lagos real estate market, there is
one area investors, real estate consultants and
property managers are shouting and luring
interested property buyers to cash in, and that’s
Ibeju Lekki, a local suburb of Epe, somewhere
after Ajah, which is like an outskirt of Lagos.
Y YOU SHOULD BUY IBEJU LEKKI NOW
Where Exactly is Ibeju Lekki, you may ask? Ibeju-
Lekki is where you have The Lekki Free Trade
Zone, Lekki Deep Seaport, Dangote Refinery and
Petrochemical Industry ($17Billion), Dangote
Fertilizer Plant, Cargo Port, The ongoing 4th
Mainland Bridge, Lekki International Airport,
Lekki International Golf Course, Pan Atlantic
University, Eleganza Industries and so on. That is
why it is regarded as the ideal investment
destination for property investors today. Ibeju
Lekki is after Ajah. Ibeju-Lekki can be described
under three broad locations with respect to the
key ongoing projects there. These include The
Free Trade Zone axis; the Elerangbe axis, and
the Lekki-Epe Expressway axis. Free Trade Zone
Axis: This is the most commercial of the three
locations and stretches from Eleko Beach Road
through the Free Trade Zone to La Campagne
Tropicana Resort and beyond. There we have the
Free Trade Zone, Lekki Deep Seaport, The Lekki
International Golf Course, Dangote Refinery and
Petrochemical Industry, Dangote Fertilizer Plant,
Indomie Industry, Power oil company, General
Hospital, Lekki Tourist Centre, Chinese Free
Trade area, Private Beaches and Resorts and
other businesses. The Lekki Free Zone is
designed to be a special area in Lagos State with
dynamic commerce, trade, modern industrial
sectors and an eco-city for residents. The
Elerangbe Axis: This is mostly a residential
location. Eleranigbe is off Lekki- Epe Expressway
to the left, a few km (5 minutes drive) after
Eleko Junction. The projects expected to open
up this location is the ongoing 4th Mainland
Bridge and the Lekki International Airport. Is the
major road to the airport. There are a lot of
proposed estates coming up there. The
government has the plan to tarred the road
because it leads to the airport and 4th mainland
bridge will be linked to the road. Lekki-Epe
Expressway Axis: Ibeju Lekki on the the Lekki-
Epe Expressway axis starts from Abijo up to
Eleranigbe. This stretch of the expressway has a
mixture of residential and commercial
characteristics. The are a lot of houses, big
schools, business ventures such as Coscharis
Group, Eleganza Industries, Pan African
University, the Biggest Shoprite in Nigeria (Abijo/
Sangotedo), Greenspring School, Corona School
and has many built up residential estates. The
reason Ibeju Lekki is seen as the next
opportunity in real estate are because of its
strategic connections to Victoria Island and Ikoyi.
Even the proposed free trade zone is cited in the
same region which many believe will attract the
same development that drove property prices to
an estimated N10 million per plot in Lekki phase
1, Phase 2, and around N35 million in Maryland.
Besides, the development such area might
receive is not also far from the “ free trade zone
“, a project powered by the Lagos state
government and handled by Tolaram Group, a
conglomerate headquartered in Singapore. “A
free-trade area is the region encompassing a
trade bloc whose member countries have signed
a free-trade agreement (FTA). Such agreements
involve cooperation between at least two
countries to reduce trade barriers – import
quotas and tariffs – and to increase trade of
goods and services with each other.” Source
When we shared the best locations you should
buy your next land in Lagos for a higher return on
investment in the future, Ibeju Lekki is one of the
areas we mentioned. Some of the public-private
developmental projects ongoing in that axis are
free trade zone, Deep Sea Port, Dangote refinery
which is projected to process 650,000 bpd, Lekki
Airport which is estimated at 1.7bn, Pan-Africa
University permanent site, Tank Farms, Food
processing, and several other corporate and
residential projects expected to turn the area
into commercial hub of Lagos.
HAPPY IS A BUY WHO GRAB THIS UNCOMMON
OPPORTUNITY
Take a brief analysis of what happened in
Victoria Island and Lekki and compare to Ibeju
Lekki, you will see the estimated price of a plot
of land in Ibeju Lekki when all ongoing works
would have been perfected and normal
operations attributable to a free trade zone have
started. According to data published on this blog
, over 200,000 employees or more will need a
place to live which presents an opportunity for
private residential building, hotels, guest houses
and business related activities. This figure is
calculated from the projected staff strength each
project will attract: Dangote refinery to employ
more than 80,000 staff as operation will likely
kick off in 2018-2019 The Lekki Free Trade Zone
will attract over 60,000 staff Pan-African
University (Lagos Business School) to attract a
huge number of full and part-time students with
lecturers. The New Deep Sea Port will gulp over
30,000 staff. As people travel into the area and
move out, the new Airport will definitely employ
thousands of staff and so on. All these should be
an indicator of possible land appreciation at Ibeju
Lekki in the coming years and I am sure you
wouldn’t like to miss this massive opportunity. A
lot of people that took the old Victoria Island and
Lekki land offers for granted, when it sold for
less than N1 million, are now regretting the profit
they would have been enjoying stress-free. A
plot of land in these areas are currently selling
for N100 million with some generating more than
N50 million rental income on an annual basis.
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