650sqm Virgin Residential Land at Block 15, Orange Island Phase 1

Virgin land measuring 650 sqm for Residential Use located within Block 15, Orange Island Phase 1, Lekki, Lagos.

NEIGHBOURHOOD DETAILS:

Spanning over 150 hectares of reclaimed land, Orange Island is a striking new district on the Lagos lagoon offering a diversity of residential, commercial, retail, educational and communal amenities.

Orange Island is a leading example of cosmopolitan living, boasting of a marina, landscaped lake, green spaces, and with an excellent array of shops, restaurants and cafés. With the creation of unique residential clusters along the island perimeter, each with its own identity and secure access to the lake, residents will enjoy a lifestyle of serenity but still be minutes from leisure and island amenities.

NB: Increasing number of new built detached houses are now being occupied by Owner occupiers.

VALUE FORECAST:

From an investment standpoint, Orange Island represents the most active land market in the Lekki neighbourhood. Orange Island is projected to surpass Lekki Phase 1 value index by 2027 due to huge disparity between demand and supply. Selling at an average of NGN540,000/sqm (as at November, 2024), Orange Island is forecasted to sell between N700,000/sqm to N730,000/sqm by November, 2025.

Sale Price is NGN 350,000,000 (THREE HUNDRED AND FIFTY MILLION NAIRA) Only.

Title is Global C of O and Deed of Assignment.

ALL PRICING ARE AS AT 8^TH NOVEMBER, 2024 AND SUBJECT TO ADJUSTMENT.

KINDLY NOTE:

(1)          All enquiries could be made between 8:00am – 7:00pm (Monday – Friday) and between 8:00am – 2:00pm (Saturdays);

(2)          Our offices (including phone-lines) are closed on Sundays;

(3)          Viewing/inspection is only by appointment;

(4)          We require 2-Hour (minimum) advance notice for property viewing/inspection;

(5)          You can also reach us via these channels: info@firstcolonygroup.net; +234(0)8059149400; +234(0)8188040221.

Best Regards.