WHERE PRECISELY IS BEJU-LEKKI LOCATED?
It is one of the most talked about real estate locations of choice in Lagos. 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 many other upcoming/ongoing landmark projects. That is why it has become and tagged as the ideal investment location for property investors who are looking for massive future returns in Lagos.
To the prospective investor however, the important question is where exactly is Ibeju-Lekki in this regard? To answer this question, we will explain Ibeju-Lekki under three broad locations with regard to the ongoing key projects there. These include: the FREE TRADE ZONE AXIS; the ELERANGBE AXIS, and the LEKKI-EPE EXPRESSWAY axis.
Free Trade Zone Axis
This is the most commercially viable part of the three locations and it 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 kilometers with 27 square kilometers 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 soon. A plot of land in this area currently sells for between N1.5million and N3million depending on the nearness to the road and nature of the land (solid or waterlogged).
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. A plot of land in these areas currently sell for between N300k and N1million depending on the nearness to the road and nature of the land (solid or waterlogged).
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 a number of built up residential estates. Of the three locations, this is where one can buy, build and live conveniently at present because it is the most developed part of Ibeju-Lekki. A plot of land in these axis currently sell for between N2million to N7million depending on the nearness to the road and the nature of the land (solid or waterlogged).