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The reconstruction of the Lagos-Badagry Expressway portends good omen for commercial activities on the axis as real estate and property developments, among others, enjoy a boost  by Ranti Adedeji

Year 2024 holds a very high expectation for the Minister of Works and Housing, Babatunde Fashola (SAN), as he waits eagerly for the completion of the Lagos-Badagry Expressway, which began since 2019. He recently urged the contractor handling the 1,048-kilometre expressway to accelerate work on the critical project.

The Lagos-Badagry Expressway project is partly funded by the Nigerian National Petroleum Company (NNPC) through a slightly over US$ 36 Million tax credit, as part of the ongoing Federal Government’s Tax Credit scheme.

Apart from the minister, residents, road users and businesses on the axis are also yearning for its completion believing that it would bring a great relieve to them and boost commercial activities.

Already, physical developments are increasing on the axis. On daily basis, it records expansion of existing facilities like the ASPAMDA market within the International Trade Fair Complex while new residential estates are springing up. One of such upscale estates is Mojisola Cole Estate located in the precinct of Satellite Town and Navy Town, specifically between Abule-Ado and Alakija Bus Stops.

Land Size:

The total area of the said land is 411,472.957 square metres (101.677 Acres) and this has been laid-out into 600 square metres per plot.

Land Use:

The land is suitable for mini residential estate developments. In addition, it is appropriate for commercial, mini industrial and other related developments.

Landmarks:

Satellite Town,  Navy Town, Mobil Estate,  Nasco Estate, Festac Town, Trade Fair Complex, ASPAMDA and Alaba International Markets…

Title Document:

Although, the said land is presently covered by Federal Government Allocation and Deed of Assignment, duly signed by the Assignee and the Assignor; however, the owner has initiated the process of obtaining a Certificate of Occupancy from the appropriate government agency.

Terms of Sales:

Prospective buyers into the land are offered a minimum of 24 plots (4 Acres) at the cost of N25 million per plot. However, consideration may be given to individual clients who may prefer limited numbers of plots for personal residential developments.

A recent visit to the estate reveals that construction activities are in progress as buildings are at various stages of developments while some property owners and tenants are already living in some buildings. Therefore, opportunities to own “a piece of the action” beckon on investors as well as individual property owners.

For further inquiries and site inspection,  kindly contact: 

wa.me/2348137843401,  08023673113 – Ranti Adedeji

wa.me/2348023918910,  07067127103 – Prosper Oboba

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