Exploring Prime Property Sales in Ikeja and Satellite Town, Lagos

5/2/20252 min read

orange car with black umbrella on top
orange car with black umbrella on top

Overview of Property Opportunities in Lagos

Lagos, Nigeria's commercial hub, offers a vibrant real estate market with diverse property opportunities. Among the most sought-after locations are Ikeja and Satellite Town, known for their strategic advantages and burgeoning developments. Whether you are looking for residential or commercial properties, this article will provide insights into remarkable offerings in these areas.

Residential Properties in Ikeja

Ikeja, the heartbeat of Lagos State, boasts several attractive residential properties. One of the highlights includes a 940 square meter land with Certificate of Occupancy (C of O) perfectly positioned along the Oregun/Opebi link road. This prime land is an excellent investment opportunity for developers looking to build modern residences.

Additionally, for those in search of developed properties, consider a twin duplex comprising four-bedroom apartments each, conveniently located off Allen Avenue. This property combines luxury with accessibility, catering to families seeking spacious living in a prime area.

For investors, a remarkable 1,349 square meter plot at Opebi offers potential for various development projects. Moreover, a block of six flats situated on 800 square meters off Toyin Street provides a lucrative option for those looking to tap into the rental market.

As for commercial properties, a building along Awolowo Way standing on 1,175 square meters is available for ambitious entrepreneurs. This location promises high visibility and foot traffic, crucial for establishing a vibrant business.

Residential Opportunities in Satellite Town

Transitioning to Satellite Town, we find an equally enticing selection of properties. Notably, two blocks of flats comprising multiple configurations are available. Building A offers a five-bedroom flat, a two-bedroom flat, and a three-bedroom flat, while Building B includes two mini flats. Set on a generous 591.4 square meters at Luke Emmanuel Street, this property, which has obtained C of O, is conveniently located opposite Mobil Estate and is easily accessible from Ile-Epo bus-stop.

This entrance into Satellite Town also leads us to a fascinating investment opportunity: a functional container terminal with two entrance gates spanning an impressive 2.907 hectares (equivalent to about seven acres). Positioned along Old Ojoo Road, this commercial property is perfect for businesses focusing on logistics or transport due to its size and accessibility.

Conclusion

Both Ikeja and Satellite Town present exciting options for property sale in Lagos. Whether you are interested in expanding your residential portfolio or seeking commercial real estate, these areas offer invaluable prospects. With the ongoing development and urbanization in Lagos, investing in these locations could yield rewarding returns in the future. It is advisable for interested buyers to act quickly, as opportunities in these desirable locations are expected to attract significant attention.