Ibeju-Lekki is a local government area of Lekki while sangotedo, Ajah is in Eti Osa local government area of Lekki, Lagos. Ibeju-lekki is about 30-45 minutes drive from Ajah. It is popularly referred to as “New Lagos” due to different modern infrastructure and ongoing projects going on in this area.
These and many more has made individual, cooperate bodies, investors and government shifting their investments interest to this new location with lots of prospects.
In Real Estate today, Location is key. It gives you an insight of how well or badly your investment will turnout.
GOOD REASON WHY YOU SHOULD INVEST IN IBEJU-LEKKI
1. Industrialization/Commercialization: When you look at beautiful cities today, you will notice the kind of development and landmarks that are present there. Apapa is known for it’s number of ports and terminals for various commodities such as containers,bulk cargo,houses, offices etc. The port is operated by the Nigerian Port Authority (NPA), including the major port of Lagos state and Lagos Port Complex (LPC). It also has some refineries like the BUA Group. There are commercial offices of many shipping, clearing and transportation companies, the popular Folawiyo towers and houses the headquarters of the Nigerian newspaper Thisday. All these are what makes Apapa fascinating.
Now something similar and better is happening in Ibeju-Lekki which is currently housing different multi-billion dollar projects like;
(i) Lekki Free Trade Zone
(ii) Lekki Deep Sea Port
(iii) Dangote Refinery and Petrochemical plant
(iv) Dangote fertilizer plant (v)Lekki International Airport (vi) Pan Atlantic University (vii) Eleganza industry (viii) Lekki international Golf course (ix) The ongoing 4th mainland bridge (x) Lekki Smart City e.t.c
With the construction of good road network and an alternative route which is the coastal road that will link Akodo Ise, Ibeju- Lekki to Ahmadu Bello way, Victoria Island. This Coastal road can take you in and out of Lagos which is linked to Aararomi in Ondo state making it possible to travel to Niger Delta coastal communities. The road expansion and network construction is to avoid another Apapa Traffic gridlock from happening in Ibeju-Lekki.
2. Value Appreciation: Lekki was formerly known as Maroko Lagos. It use to be a dilapidated community in Lagos before the eviction of it occupant by Raji Rasaki led state military government in 1990 to save them from slum related diseases and untimely death because Maroko was below sea level and needed to be filled with sand so as to achieve infrastructural development. The rest is history now. Lekki today is known to be an area with one of the most expensive real estate assets. You could own a plot of land for as low as five million Naira in the early Two thousands but now the value of a plot of land in Lekki phase one is ranging from a hundred million Naira. This is the power of long term investment. Let me share a story with you, there is this book written by Udo Okonjo “Real Women Invest in Real Estate” where she shared some principles of how to invest in real estate. I advice you also read the book trust me. There was a story she shared about Madam Ibukun Awosika wanting to set up her factory and she needed Seventy five million naira to set up that factory and she realized that she had bought land around the Chevron Axis about Seven to ten years ago thereabout. She bought the land for Five million Naira but she needed Seventy five million naira, what do you think happened next? She went back and revalue the land and sold it for Sixty one million Naira. The magic of Land value appreciation!
There are two key things you should look out for when it comes to investing in Land
(i) Population and (ii) Development
Looking at what is happening in Ibeju-Lekki today, do you want to be part of those that will benefit from it or be part of those that will miss out?
If you missed out on the Maroko of Yesterday which is the Lekki of today here is another chance for you to benefit from the New Lagos “Ibeju-Lekki”.
3. Tourism: Tourism is travel for pleasure or business; also the theory of attracting, accommodating, and entertaining tourists,and the business of operating tours. (Credit:Wikipedia)
Ibeju-Lekki has some tourist attractions like;
(i) Lacampagne Tropicana Beach Resort (ii) Lakowe Lakes Golf Course (iii) Omu Resort (iv) Eleko Beach (v) Funtopia Water Park (vi) Lekki Free Trade Zone
Tourist attractions like this attract foreigners for vacation, business meetings & opportunities, family and friends hangout, infrastructural development and foreign investments.
One reason why Dubai is one of the most visited city in the world today is because of it tourist attractions where we have the Burj Khalifa(the world’s tallest building), the Dubai Mall, Dubai Museum, Bestakia, Dubai Aquarium, Burj al-Arab, Desert Safari and many more.
According to albawaba.com, nearly 16 million tourists visited Dubai in 2018. you can imagine the revenue that was generated from tourism alone in 2018.
The Nigeria government especially the Lagos state government will not want to miss out from such opportunity which is why they will do their best in developing Ibeju-Lekki.
4. Live in a well developed and Serene environment: Living in a well secured and serene environment attracts healthy lifestyle and good mental health. An environment like Ibeju-Lekki with many gated estate will have better access to important services like;
(i) Good Medical Facility (ii) Quality Education (ii) Wellness Amenities like swimming pools, gyms, Spas etc. (iv) Clean Environment
An environment with good security, good road network, electricity and water supply. Whatever you are looking for will be in Ibeju-Lekki. It will be a great city on it own which is one of the reason why it is refered to as “The New Lagos”. You will have access to great people, pace setters and change makers.
Your environment and those you surround yourself with really matters when it comes to achieving success.
What kind of people do you think will be working in the Dangote Refinery and Petrochemical plant, Lekki Deep-seaport, The New International Airport or the Lekki Free Trade Zone? Most likely the elites. It is now left for you to live among the elites and have easy access to nice facilities around you.
In a couple of years from now, there will be two group of people that will miss out from these opportunities;
The first group will regret not buying or investing in Ibeju-Lekki at all and will live with this regret and the second group will regret not owning as many as possible landed properties.
It is now left for you to make a better decision.
You can get a plot of land ranging from Six hundred thousand Naira to Twenty million Naira in ibeju-Lekki today.
To know more about our available properties or book a FREE consultation service regarding your Real Estate investment please do give me a call .