No Risk, No Return; Our Guide to Land and Landed Property on the Lekki Axis [2]

The NEW Lagos & Lekki Free Trade Zone (LFTZ)
I am sure that most of you who will read this feature will already be very familiar with and possibly own land on the Lekki Axis. Areas like Phase 1 Roundabout, Admiralty Way, Ikate Elegushi, Osapa London, Agungi, Ajiran, Idado, Chevron, Victoria Garden City, Ajah and Abram Adesanya are synonymous with Land and Landed Property within the Lekki Axis. 

However, I would like to draw your attention and promote the parts of Axis which maybe unknown to you but are projected to have excellent margins of return. Since the last entry into the series of ‘No Risk, No Return’ about six months ago, we have identified sizeable changes to the landscape on the Lekki Axis. In addition we have noticed a change in attitudes to the areas we proclaim as the “NEW LAGOS”. Previously consumers and customers didn’t want to know about anything on the axis including Land that was beyond the Abraham Adesanya turn off. How times have changed. The next district after the turn off, Sangotedo has really developed in terms of the price of its land. Only as far back as year ago a plot was going for approximately N3m-N3.5m on the express. Today, the same cannot be procured anything under N9m (If you can find a genuine one). It is little wonder we are noticing a trailblazing rush of investors and buyers in a hurry to snap up Express side plots and enjoy the fruits of the future expansion into the New Lagos.

In the macroeconomic environment we have seen seismic shifts of the tectonic plates of Big Finance, Banking and the capital Markets. The result has been the bailout of banks and the write-off/waiver of Non-performing loans. The immediate effect has been the lack credit facilities that previously flowed in seeming abundance. This may have consequently led to a few distressed sellers of Land and Landed Property in the (somewhat saturated) high brow areas of Ikoyi, Lekki 1, Victoria Island and other parts of Lagos Mainland due their over exposure and enforced drought of credit lines.

The shifts have identified some price decreases in the aforementioned areas. However, the current economic climate has revealed the true store of value for investors. Home-seekers, investors and corporatists alike are rushing to be a part of the new initiative on the axis, reducing their exposure to collapsing capital market values and placing more emphasis on Land with high growth potential in their portfolio mix. In addition, we are seeing an influx big multinationals such as Ford several Chinese organisations are relocating their headquarters to the area (Check out the construction in progress next to Green Springs School on the Lekki-Epe Expreesway).

The area coined the ‘New Lagos’ are the environs, which encompass the Eastern part of the Lekki Axis are towns such as Imetalafia, Shapati, Eleko, Kayietoro, Ibeju, Bolorunpelu, Obadore, Akodo, Origanrigan. As well as others towns located near the Lekki Free Trade Zone. Prices of lands in these areas will continue skywards due to expansion that will be arriving. Check out http://www.ashingtononline.com/ASHINGTON/Land_for_Sale.html to see the current land prices in these areas.

Remember, New Lagos and Lekki Free Trade Zone will be the Dubai of West Africa (Without the Debt!!) No Risk, No Return.

For information and consultation on Land near the LFTZ don’t hesitate to contact us at info@ashingtononline.com

ASHINGTON DISTRICT INVESTMENT REPORTS (ADIR)
ashingtononline.com

Land for Sale at Eleran Igbe

Location: Eleran Igbe Bolorunpelu, Ibeju-Lekki, Lagos State

Title: Deed of Assignment, Land within Governor's Gazette

Price: N450k per plot

Details: Site located directly off Lekki-Epe Expressway near Petrol Stations and proposed New Lagos State Airport access road
Less than 15 minutes drive from Lekki Free Trade Zone (LFTZ)

To inspect call 0803 441 3214 or 0703 934 3331 email femi@ashingtononline.com

THE LAND LISTED ABOVE FOR SALE IS FREE FROM "OMO NILE" PROBLEM, ALL KNOWN ENCUMBRANCES AND GOVERNMENT ACQUISITION

ASHINGTON ONLINE | http://www.ashingtononline.com

Land for Sale directly off Lekki-Epe Expressway @ Shapati

Location: Shapati, Ibeju-Lekki, Lagos State

Title: Deed of Assignment, Land within Governor's Gazette

Price: N3.5m per plot

Details: Site located directly off Lekki-Epe Expressway near opposite Eko Akete Housing Estate
and 5 minutes away from Green Springs School
Less than 15 minutes drive from Lekki Free Trade Zone (LFTZ)

To inspect call 0803 441 3214 or 0703 934 3331 email femi@ashingtononline.com

THE LAND LISTED ABOVE FOR SALE IS FREE FROM "OMO NILE" PROBLEM, ALL KNOWN ENCUMBRANCES AND GOVERNMENT ACQUISITION

ASHINGTON ONLINE | http://www.ashingtononline.com

Prime Plots of Land for Sale at Obadore Beach Ibeju-Lekki

Location: Obadore Beach, Ibeju-Lekki, Lagos State

Title: Deed of Assignment, Land within Governor's Gazette

Size: up to 400 Acres available

Price: N600k per plot; N3m per acre
Sea-facing plots N800k

Details: Installment Payment Plan Available,
Less than 15 minutes drive from Lekki Free Trade Zone

To inspect call 0803 441 3214 or 0703 934 3331 email femi@ashingtononline.com

THE LAND LISTED ABOVE FOR SALE IS FREE FROM "OMO NILE" PROBLEM, ALL KNOWN ENCUMBRANCES AND GOVERNMENT ACQUISITION

ASHINGTON ONLINE | http://www.ashingtononline.com

Land for Sale within Ibeju Town Centre

Location: I[b]beju, Ibeju-Lekki, Lagos State[/b]

Title: Deed of Assignment, Land within Governor's Gazette

Price: N3.5m per plot

Details: Site located directly off Lekki-Epe Expressway near Town centre, Hotels and Petrol Stations
Less than 15 minutes drive from Lekki Free Trade Zone (LFTZ)

To inspect call 0803 441 3214 or 0703 934 3331 email femi@ashingtononline.com

THE LAND LISTED ABOVE FOR SALE IS FREE FROM "OMO NILE" PROBLEM, ALL KNOWN ENCUMBRANCES AND GOVERNMENT ACQUISITION

ASHINGTON ONLINE | http://www.ashingtononline.com