Commercial Shopping Complex, Ring Road Central
₦850,000,000
Description
Purpose-built shopping complex with 24 lock-up shops and 6 office suites on Ring Road, Benin City's prime commercial corridor. Full Certificate of Occupancy in place.
Features
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Owner Info
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🛡️ VeriLand Trust Score: HIGH. This parcel possesses a verified Certificate of Occupancy registered under the State land registry database. The title is fully eligible for corporate collateralization, bank mortgage financing, and institutional investment instruments in accordance with Nigerian Land Use Act provisions.
🏢 Commercial Zoning: This parcel carries a commercial designation — the highest-yield classification in the Oredo land matrix. Eligible for retail, mixed-use, hospitality, or logistics facility development. Commercial land values in this corridor are appreciating at an estimated 12–18% per annum driven by infrastructure investment and SME expansion demand.
✅ Topographical Clearance: Stable terrain profile recorded for this coordinate matrix. No active erosion alerts, gully hazard vectors, or soil degradation notices are currently flagged in the VeriLand environmental risk database for this location. Site is cleared for standard foundation engineering without specialist geotechnical pre-conditions.
Based on comparable commercial transactions in Oredo, Edo, the listed price of ₦850,000,000 (₦459,459/sqm) positions this parcel within the market's mid-range. The estimated fair value corridor of ₦722,500,000 – ₦1,020,000,000 reflects a ±15–20% volatility band standard for Edo property markets. Parcels with verified C-of-O in this corridor have recently transacted at 8–12% premiums over comparable customary title land.
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