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Are you looking for land for sale in Ibeju-Lekki, Lagos, along the Coastal Road? Lekki Picasso City presents an opportunity to acquire residential or commercial land within the Labour City Scheme, along the Lagos-Calabar Coastal Highway corridor in Ibeju-Lekki, Lagos State, Nigeria.
Whether you are planning to build your dream home, develop a commercial property, expand your real estate portfolio, or secure land for future development, Lekki Picasso City offers different plot options to suit your investment objectives.
With residential plots available from ₦43.5 million and commercial plots from ₦45 million, prospective buyers can explore different property options with an initial deposit of ₦5 million for the 500sqm plots. Flexible payment plans of six or twelve months are also available.
If you are searching for residential land in Ibeju-Lekki or commercial land along the Lagos-Calabar Coastal Road, Lekki Picasso City is a property opportunity worth exploring.
Lekki Picasso City Location: Ibeju-Lekki, Lagos
Lekki Picasso City is located within the Labour City Scheme in Ibeju-Lekki, Lagos State, along the Coastal Highway corridor.
Ibeju-Lekki has attracted attention from property buyers and investors because of its evolving infrastructure, residential expansion, commercial activity, and planned developments across the wider Lekki region.
The Lagos-Calabar Coastal Road is a major infrastructure project intended to improve connectivity along Nigeria’s coastline. Its development has increased interest in locations along the wider coastal corridor, including parts of Lagos State.
For buyers considering land acquisition in Ibeju-Lekki, location is an important factor. Accessibility, surrounding developments, road infrastructure, land documentation, and future development plans should all be assessed before making an investment decision.
Lekki Picasso City provides residential and commercial plot options for buyers interested in exploring property opportunities in this developing part of Lagos.
Available Land for Sale at Lekki Picasso City
Lekki Picasso City offers residential and commercial land options with different prices and initial deposit requirements.
1. Residential Land for Sale in Ibeju-Lekki
Plot size: 500 square metres
Price: ₦43,500,000
Initial deposit: ₦5,000,000
The 500sqm residential plot is suitable for buyers planning a future residential development, subject to the estate’s building guidelines, planning requirements, and applicable approvals.
Whether your goal is to build a family home or acquire land for a future housing project, residential land provides an opportunity to plan a development around your preferred design and budget.
For individuals searching online for 500sqm land for sale in Ibeju-Lekki, residential plots at Lekki Picasso City offer an option to consider within the Labour City Scheme.
Before purchasing, prospective buyers should confirm the permitted land use, development guidelines, access arrangements, and all applicable documentation.
2. Commercial Land for Sale in Ibeju-Lekki
Lekki Picasso City also offers commercial plots for buyers exploring business and property development opportunities.
Option A: 500sqm Commercial Plot
* Plot size: 500sqm
* Price: ₦45,000,000
* Initial deposit: ₦5,000,000
Option B: 1,000sqm Commercial Plot
* Plot size: 1,000sqm
* Price: ₦85,000,000
* Initial deposit: ₦7,500,000
Commercial land may be considered for eligible business premises, offices, retail developments, or other approved commercial projects, subject to planning regulations and the estate’s permitted land use.
For investors searching for commercial land for sale in Lagos, Ibeju-Lekki, these plot options provide different land sizes to evaluate according to their proposed development plans.
Buyers should confirm the permitted commercial use and applicable building requirements before committing funds.
Flexible Payment Plans at Lekki Picasso City
Acquiring land requires financial planning, and flexible payment arrangements can help buyers organise their property purchases.
Lekki Picasso City offers six-month and twelve-month payment plans, according to the available offer.
The initial deposits are as follows:
* 500sqm residential land: ₦5,000,000.
* 500sqm commercial land: ₦5,000,000.
* 1,000sqm commercial land: ₦7,500,000.
The remaining balance is payable under the applicable payment arrangement.
Prospective buyers should request the current payment schedule, instalment amounts, applicable deadlines, and written terms before making a commitment.
The advertised prices include all applicable fees, according to the offer provided. Buyers should obtain a written breakdown confirming exactly which fees are covered.
Land Title and Documentation
One of the most important considerations when buying land in Lagos is the verification of the property’s title and supporting documents.
Lekki Picasso City is advertised as having Government Allocation and a Certificate of Occupancy (C of O).
However, prospective buyers should independently verify the title documents, allocation records, survey information, ownership history, and any applicable encumbrances through appropriate professional and official channels before making payment.
A real estate due diligence process can help buyers better understand the property’s legal status, boundaries, permitted use, and transaction requirements.
At Heartland Real Estate Consultancy Ltd, we encourage informed property decisions and recommend that buyers undertake the necessary verification before completing a land purchase.
Why Consider Investing in Ibeju-Lekki Real Estate?
Ibeju-Lekki is part of Lagos State’s expanding property market. Its coastal location, infrastructure projects, and ongoing development activity have attracted interest from residential buyers, commercial developers, and land investors.
Potential reasons to explore the area include:
1. Infrastructure development: Road projects and other infrastructure improvements may influence accessibility and development patterns over time.
2. Residential development opportunities: Buyers can explore land for future home construction, subject to applicable approvals and estate guidelines.
3. Commercial property opportunities: Eligible commercial plots may suit businesses and developers looking for land for approved commercial uses.
4. Long-term property planning: Land acquisition may form part of a long-term property strategy, depending on the purchase price, title quality, location, holding costs, and market conditions.
5. Different plot sizes: The available 500sqm and 1,000sqm options allow buyers to assess different land requirements.
As with every property investment, future appreciation and rental income are not guaranteed. Buyers should evaluate the property independently and consider their investment objectives before proceeding.
Buy Land in Ibeju-Lekki with Heartland Real Estate Consultancy Ltd
Heartland Real Estate Consultancy Ltd provides real estate consultancy, property acquisition assistance, investment guidance, and due diligence support for clients exploring property opportunities in Lagos, Nigeria.
We assist prospective buyers in obtaining property information, understanding available purchase options, arranging inspections, and navigating the acquisition process.
For Nigerians living abroad, purchasing property in Nigeria requires particular attention to documentation, verification, payment records, and transaction transparency. We encourage diaspora buyers to seek appropriate independent legal and professional advice before completing a transaction.
If you are looking for land for sale in Ibeju-Lekki, residential plots along the Coastal Road corridor, or commercial land in Lagos, contact our team to request further information about Lekki Picasso City.
Available options:
* 500sqm residential land — ₦43,500,000.
* 500sqm commercial land — ₦45,000,000.
* 1,000sqm commercial land — ₦85,000,000.
Contact Heartland Real Estate Consultancy Ltd for current availability, payment terms, inspection arrangements, and further documentation.
Make an informed decision and take the next step towards your property acquisition in Ibeju-Lekki, Lagos.
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