Property Mart

Property Mart

 For the Lagos area as at Fri 15-06-12

A.   Building materials
Cement:
Dangote Cement per bag of 50 kg————– N1,900
Burham  Cement per bag of 50kg—————N1,900
Elephant Cement…………………………………………N1,850

Sandcrete blocks
6 inches sandcrete block —N120
9 ..  ..        ..       ..       ..     —-N140

Sand
Sand per tipper load——N12,000
Sharp sand (double)——N22,000
Gravel (single) ————-N18,000
Gravel (double)————N22,000
Granite———————-N165,000

Reinforcement

8mm(153) pieces per ton  (N125,000
10mm (153) pieces per ton  ————-N135,000
12mm—————————————–N161,000
16mm—————————————–N172,000
20mm (53) pieces————————–N122,000

Wood
Timber (hard) 1x1x12————–N1,000
Timber (hard) 2x2x12————–N600
Timber  (hard) 2x4x12————-N700

Soft wood
2x2x12———–N250
2x3x12————-N300

Plywood
3x3x6—————–N3,500
2x4x8—————–N2,400

Roofing Sheet
Corrugated iron sheet per bundle————–N10,000
Asbestos 4×8 per piece—————————-N1,600
Asbestos (solo)————————————–N1,100

B. Landed property

(Current and 5 year-estimated prices)

A .Plots of land in Mowe, Ofada, Ibafo
Price: from N450,000 to  N1m

Estimated price in 5 years: N1.2m to N1.5m

B. Acres of land on Oshodi-Apapa Expressway suitable for a mall.

Price:  N4bn

Estimated price in 5 years: N4.5bn

C. 2.143 Acres of land at MacDonanld Road, Ikoyi
Price:          N1.8b

D. 9,300 sq mts of land with existing properties on off Isaac John, G.R.A, Ikeja
Price:          N1 billion

Estimated price in 5 years: N1.5bn

E. 2 hectares of land in Ikate, Elegushin
. Title:         Governor’s Consent
Price:          N760m

Estimated price in 5 years: N800m

F. 20 hectares of land at Okun Ajah, ideal for development of an estate
Title:          Governor’s Consent
Price:          N650m

Estimated price in 5 years: N750m

G. Land at Oyedele Oguniyi Street, Anthony Village, Lagos with old building present on it.
Title:          Certificate of Occupancy
Price:          N27m

Estimated price in 5 years: N35m

H. Plots of land at Chevron Area, Lekki
Title:          Governor’s Consent
Price:          N15m

Estimated price in 5 years: N20m

I.      A low-rise commercial property on Olowu Street, Ikeja
Title:          Registered Conveyance
Price:          N150m

J.     A large plot of land with 3 buildings on Ikorodu Road, by Globacom Office, Fadeyi
Title:          Registered Conveyance
Price:          N150m

Estimated price in 5 years: N250m

. Compiled by Dayo Ayeyemi, 08033312578.