Commercial, Industrial, Residential And Mixed Used Land For Sale In Alaro City North Quadrant Of Lekki Free Trade Zone Ibeju Lekki Lagos Nigeria

Industrial Land for Sale
Ibeju Lekki - Lagos
₦ 18,000,000

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  • Overview

    Ref No: 53308

    Type: Land    Purpose: Sale  

    Price: ₦ 18,000,000

      State: Lagos

      City: Ibeju Lekki

    • Address: ... Free Trade Zone Ibeju-Lekki Lagos

    Description

    Alaro City is an integrated, mixed-use city planned for over 2,000 hectares(1.25 x the size of Victoria Island) in the Lekki Free Zone. Alaro City has areas for offices, logistics and warehousing, homes, schools, healthcare facilities, hotels, entertainment and 150 hectares of parks and open spaces.

    Located in the North West Quadrant of the Lekki Free Zone, Alaro City is ideally situated on the Lekki-Epe Expressway for ease of transportation to Lagos or towards the rest of Nigeria.

    Alaro City is adjacent to the future Lagos international airport and close to the region's largest deep sea port and major Nigerian and international companies.

    Alaro City holds full land title with Certificate of Occupancy.
    The free zone receives a number of benefits targeted towards its developers and occupants.

    Zero corporate income tax on Free
    Zone income
    Zero withholding tax on dividends
    Zero VAT on purchases made within
    the free zone
    No customs duties on imports
    Revenue collection in USD allowed
    in the Zone
    No inspection of imports until
    arrival on-site in the Zone
    Exemption from FX controls
    Repatriation of foreign capital
    investment and gains in the Zone
    Up to 100% foreign ownership of
    business
    No need for Company Expatriate
    Quotas
    Plots Sise in Alaro City are: 500sqm, 750sqm, 1000sqm and more
    Uses: Commercial, Industrial, Residential and Mixed Used Purposes
    Alaro City is a partnership between Lagos State Government and Rendeavour. The city works with a number of global and Nigerian organizations to deliver a world-class city.

    Cost of land in Alaro City starts from:
    $50,000 or NGN 18 Million
    Investment
    Alaro City is designed as an inclusive mixed-use city. Be it residential, industrial, commercial, retail or social, there is an investment opportunity for all. Land values at Alaro City are projected to increase by over 20% per annum as infrastructure is rolled out. This is mirrored in the Lekki axis as a whole that has seen land value increase by over 400% in the last decade.
    Alaro City will, on completion, have over 200,000 people in the city on a daily basis. This provides a wealth of opportunity for investors looking to tap into the captive market of the Free Zone and the workers within it.

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    Added: Mon,16 Mar 2020
    Updated: Tue,20 Apr 2021

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  • Disclaimer

    The information displayed about this property comprises a property advertisement. Vetra Property makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Vetra Property has no control over the content. This property listing does not constitute property particulars. The information is provided and maintained by Worldmarks Properties Limited . Vetra Property shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
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