All you need know about Ibeju Lekki
ARE YOU TIRED OF LAND GRABBERS WAHALA?
ARE YOU LOOKING FOR THE BEST RETURNS FOR YOUR REAL ESTATE INVESTMENT?
JOIN DANGOTE , PRIVATE INVESTORS AND THE WORLD IN INVESTING IN IBEJU LEKKI!
Ibeju-Lekki is where you have the Lekki Free Trade Zone, Lekki Deep Seaport, Dangote Refinery and Petrochemical Industry, Dangote Fertilizer Plant, International (Cargo) Airport, Lekki International Golf Course, Pan Atlantic University, Eleganza Industries and so on. That is why it is touted as the ideal investment destination for property investors.
The Three main Axis in Ibeju Lekki
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 Road to La Campagne Tropicana Resort and beyond. It hosts the Free Trade Zone, Lekki Deed Seaport, Dangote Refinery and Petrochemical Industry, Dangote Fertilizer Plant and other businesses.
The Lekki Free Zone is designed to be a satellite city to Lagos with dynamic commerce, trade and modern industrial sectors with an eco-city for residents.
The Master Plan covers a total area of about 30 square kilometres with 27 square kilometres for urban construction purposes. This will accommodate a total resident population of 120,000.
The zone is divided into four phases. The first phase, which is under construction will feature the Central Business District, residential areas, industrial parks, logistics and warehouses and will be fully ready in 10 to 12 years’ time.
The Free Trade Zone Axis, today, can be described as a developing area with a major tarred road and few functioning industries. Viewing it from a property investment perspective, we would limit the area to the Eleko Beach Road through the Free Trade Zone Road to La Campagne Tropicana Resort. But this description is extremely limited because this axis is the proposed site for many major commercial and industrial businesses. The Free Trade Zone, Lekki Deep Seaport, Dangote Refinery and Petrochemical Industry and Dangote Fertilizer Plant are some of the identified public and private concerns that will berth here.
Opposite the Free Trade Zone Phase 1 is the Lekki Deep Seaport designed to handle about 6 million Twenty-foot Equivalent Units (TEUs) of containers and create an estimated 169, 000 jobs directly and indirectly. Work is in progress here, and the projection is that it may be in operation in 2019.
About 4 minutes’ drive from the Free Trade Zone is the Dangote Refinery and Petrochemical Industry. This is an on-going $14 billion project by Dangote Group, which will have the capacity to refine 650,000 barrels of crude oil per day when completed in next year (2018). Apart from petrol, other petrochemical products such as polyethylene and polypropylene will be produced here. This may be the plant where up to 90% of Nigeria’s petrol will be produced.
To underline its importance, the Central Bank Governor, Mr Godwin Emefiele, visited the site and promised to support the forex needs of the project. “We are doing this to fast-track the importation of equipment you need for a speedy completion of that project and to encourage other Nigerians to follow your lead,”
Another 4 minutes’ drive from the refinery is the Fertilizer Plant, while another 15 kilometers from the plant is located the La Campagne Tropicana Beach Resort.
With such large commercial concerns in the offing, the consensus among real estate practitioners is that property in the axis will enjoy high capital appreciation as a knock on effect of the investments. Accordingly, land in this axis is significantly more expensive than in Elerangbe.
THE ELERANGBE AXIS
This is where you find the cheapest plots of land in Ibeju-Lekki presently, and is mostly a residential location. This axis comprises of places like Okego Village, Tagbati all the way to Arapagi. Elerangbe is off Lekki-Epe Expressway to the left, after Eleko Junction. The key infrastructure expected to open up this location is the proposed 4th Mainland Bridge and the Lekki International Airport.
Where is Elerangbe? Elerangbe is located off Lekki-Epe Expressway, to the left, immediately after Pan Atlantic University and about 18 minutes’ drive from Abijo Bus Stop. It comprises of places like Okego Village, Tagbati all the way to Arapagi.
Why Should you buy into the Area?
Elerangbe offers the cheapest plots of land in Ibeju-lekki at present with plots selling for as low as N600, 000 in some areas. Although this axis looks relatively undeveloped, the many proposed key developmental projects coming will open it up to rapid development. This is responsible for the growing interest by property investors. Some of the projects include,
The Lekki International Airport: The proposed Lekki International Airport is a $450million project located off Lekki-Epe Expressway towards Epe. It is about 4 minutes’ drive from Elerangbe. The Airport is planned to cover 3, 000 hectares of land.
4th Mainland Bridge: when completed in 2019 as promised by Governor Akinwunmi Ambode, the 37.9 kilometers 4th Mainland Bridge is principally meant to link Ikorodu and Ajah/Badore through the Elerangbe axis, traversing to North-West direction towards the Lagoon shoreline to Lagos-Ibadan Expressway. This is another reason Elerangbe is gradually becoming a choice location.
With the bridge in place, it means that residents of Elerangbe will have easy access route to the Mainland as well as other Island locations.
Free Trade Zone: At present, it may be hard to establish the possibility of Elerangbe benefiting hugely from the much talked about Lekki Free Trade Zone considering that it would take 50 minutes to drive to the zone from Elerangbe. However, a direct link road between the two locations is being proposed. This will reduce the distance to about 15 minutes’ drive.
THE LEKKI –EPE EXPRESSWAY (IBEJU LEKKI AXIS)
Ibeju Lekki on the Lekki-Epe Expressway axis starts from Abijo up to Eleko Junction. This stretch of the expressway has a mixture of residential and commercial characteristics. The area already houses business ventures such as Eleganza Industries, Coscharis Motors head office and has a number of built-up residential estates. Of the three locations, this is where one can buy, build and live conveniently at present. From Eleko Junction to Ajah is about 20 minutes’ drive.
NOW IS THE RIGHT TIME TO INVEST IN IBEJU LEKKI
From all said I don’t have to convince you why you should invest here. The answers is right in front of you. The beauty of investing in the axis is that land prices can start from a low range.so like Dangote, almost everybody can invest there! With all these developments and infrastructure, a plot of land at Ibeju-Lekki with its C of O goes for around 5 million Naira and lands that have documents like Registered Survey, Excision or Gazette range from 700,000 Naira to about 4.5million Naira with no land grabbers hustle it is also the fastest appreciating area in West Africa.
So what are you waiting for, reach out to me and let us help you acquire properties in Ibeju-Lekki Today and thank me later. We have so many offers for you and we can advice you based on our experience and your budget
For more information and inspection about Ibeju Lekki properties contact KING on
Call – 09055511165
Whatsapp – 08032390998
Website : www.buylekkinownow.com
DONT WAIT TO BUY REAL ESTATE ….. BUY REAL ESTATE AND WAIT……….