A close friend of mine bought two plots of land at Ibeju-Lekki for N350,000 each in 2012. At the time, very few people barely knew anything about Ibeju-Lekki.
Last year he sold those same plots, the same way he had bought them for N4,500,000 each. Same place, same plots, he didn’t even put a fence around them (he had a C of O.) for N4,500,000. That’s above 400% increase in returns in just five years.
Honestly, I didn’t think it was a smart idea to sell them because the value of owning property at Ibeju-Lekki is still on the rise.
In the next 4/5 years, we could be talking N20,000,000 a plot and in 10 years, only God knows? One thing is for sure, the value will keep going up.
Remember yesterday it was IKOYI, VICTORIA ISLAND, today it is LEKKI, AJAH and tomorrow the concentration will be focused on IBEJU-LEKKI – The New Lagos.
The best time to own a part of Ibeju-Lekki was years ago, the next best time is now.
Call us now on 09081234564, 09095757575. Or, visit us at 1st Floor Dominion Plaza, Igbo-Efon, Lekki-Epe Expressway, Lekki, Lagos.
Recently, one of our clients told us his story, read below… “I bought a plot of land last year around Magodo for N8Million. After making full payments, I started sorting out my papers but then, I was informed and even queried that the land I just bought was actually government land. At first, I thought the problem could be sorted out, and all I needed to do was contact the seller but all my efforts to contact the seller and surveyor had proved abortive. To date, no trace of them. The land is currently under siege by government officials. I cannot believe people can do such a thing and get away with another person’s hard earned money. This problem has given me sleepless nights. How do I come to terms with the fact that I might have just lost my money to fraudsters? This is so painful”
*Client’s name and a number have been withheld for confidential purposes.*
The only thing worse than not owning property is paying for the wrong property. You do not want to let your money go down the drain or fall into endless court battles over situations that could have been easily avoided. This is where we come in. The LekkiVale estate offers you a convenient and comfortable solution with the ‘C of O’ title document.
This will give you peace of mind and an assurance that your property is safe, with the tendency of a large value appreciation within a very short period. The best time to own a part of Ibeju-Lekki was years ago, the next best time is now.
On average, it takes about 1hour 45mins to go to the Murtala Muhammed International Airport (MMIA). If you live in Lagos unless you’re driving by 3 am, you might get stuck in traffic. Lagos is home to 21 million people, making Lagos the most populous city in Africa and home to many multinational corporations.
Naturally, there’s a large influx of people streaming in and out of town. Due to the pressure on the only existing airport, former Governor Babatunde Raji Fashola initiated the new international airport project at Ibeju-Lekki. The new airport expected set to lessen the pressure on the dilapidated federally owned Murtala Muhammed International Airport and serve the fast-growing industrial Lekki hub, the Lekki Deep Seaport and Dangote’s 650,000bpd refinery, among others.
Other than serving its primary purpose, the new airport will boost residential as well as commercial infrastructure. Ibeju-Lekki has already bagged massive projects like the Free Trade Zone, taking it a step closer to becoming the next commercial hub of Africa.
What do all these mean for you?
Firstly, if you’re a frequent traveller, living near an airport is the superb choice for you. Owning a home in LekkiVale estate offers you accessibility and a chance to skip traffic and parking space issues at the airport. You get to fly in and out of town with ease without having to plan a whole day around it. No more fear of missing your flight should ‘Lagos roads’ get crazy. The areas surrounding airports enjoy well-paved roads and connectivity. This is an excellent place to mention the fourth mainland bride scheduled to commence development by the end of the year, December 2018. This region will attract a huge population influx all prying to take advantage of its endless opportunities. Equally, proximity to an airport speeds up the level of development of the neighbourhood. Ibeju-Lekki is bound to emerge as a commercial destination, witnessing explosive expansion in infrastructure and developments like retail outlets (ShopRite is currently building an outlet at Ibeju-Lekki), malls, hotels (same as the Oriental hotel), schools, entertainment zones and restaurants. This level of development guarantees a high standard of living and access to premium services and amenities. LekkiVale Estate guarantees world-class amenities like a community centre, swimming pools, sports arena, gym and green zones.
It presents an opportunity for an assured sustainable investment. But before you go signing checks, you need to understand the importance of land titles and pricing. 90% of the lands located close to the airport do not have a C of O land title. Usually, most of the titles you’d see there is either excision in progress or Gazettes. This explains the gross price discrepancies between different real-estate companies. Before paying for any plot of land at Ibeju-Lekki, make sure it has a valid C of O title. Granted, your agent might tell you that a Gazette or excision in a process is a ‘done deal’ and that you have nothing to worry about, however, if you’re familiar with how the system works in Nigeria you’d understand that unless you have valid documents there’s no guarantee.
Properties located at the outskirts of an airport appreciate by to 40% value appreciation in the first few years after the completion of an airport and the rate goes up to about 80% when its activities fully commence. LekkiVale Estate is strategically located close enough for you to reap all the benefits associated with living close to an airport yet far enough to avoid the downsides of living too close to the airport like noise pollution and potential health side effects. The added advantage of convenience boosts housing costs. An example worth noting is Southlake, Texas, one of the nation’s wealthiest communities and home to high-ranking corporate executives, media personalities and professional athletes. Here, the average home price is about $800,000 and the DFW runway – sitting a mere 230 yards away – is one of the community’s big draws. “These executive and other white-collar workers are purchasing homes with quick access to the airport because they are air travel intensive,” John Kasarda, an airport business expert and consultant, also told Forbes. “People in finance, auditing, marketing, consulting, media, they’re the people that are clustering near the airport.” While noise pollution and potential health side effects are worrisome, it’s helpful to consider the advantages of living near an airport as well. Perhaps the biggest perk of all is that you will be – at the risk of sounding obvious – close to the airport. This means your travel time to any domestic or international destination will be reduced, something especially coveted by frequent fliers.
Living near an airport has its pros and cons. On the plus side, air travel will be very convenient and you’ll be able to save substantial time. On the downside, noise, pollution and health risks could be very real concerns, depending on the proximity to the airport, how busy it is the flight paths and even the type of aircraft used. LekkiVale estate at Ibeju-Lekki gives you a one-time offer to join the rise of the new set of millionaires, billionaires and Landlords in Lagos. Once again, do not miss this AMAZING opportunity.
The economy as we know it is experiencing a shift from a fast-declining phase to a slow rising phase. The question is, what is your ROI strategy?
Everyone knows the best time to invest in real-estate is during a recession; this is when the price of landed properties is at the lowest. In other words, the best time to have invested in Ibeju-Lekki was three years ago.
Let’s just say if you missed this opportunity, the next time to do it is now…Today! “I recently bumped into an old friend, Olatunji. We talked about life and all its hurdles but what stood out from our hours of talking over drinks was a very smart investment decision Ola had made. Five years ago, Ola had gotten two plots of land at Ibeju-Lekki at N1,000,000 each and then just at the beginning of this year, he sold those same plots for N4,500,000 each. That’s an ROI of 450% in five years. Awesome! He told me he’s going further down to get more lands and wait.”
What’s the guarantee that you’d get a high ROI on your investments when you invest in LekkiVale?
Simple: Where demand exceeds supply, price increases.
455km2 is the total surface area of Ibeju-Lekki. This number isn’t increasing anytime soon. (Except they begin manufacturing land).
A projected number of 500,000 people are expected to move into this region by 2020 (barely 2 years from now). This figure is expected to cater to the labour demand of the growing industrial zone. These people would need houses.
Lagos currently has a population of about 21,000,000 people, a number that keeps increasing annually and thus, expanding to fill up ‘remote’ areas.
Why LekkiVale Estate?
LekkiVale Estate is strategically located along the Lekki-Epe expressway, opposite the New International Airport and an ample distance from the Dangote Refinery (No pollution issues).
It has 100% dry land and drains immediately after rainfall.
Very affordable with available flexible payment plans.