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What is So Special about Nicon Town Estate Lekki
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What is So Special about Nicon Town Estate Lekki
Uche Emordi
Uche Emordi
August 10, 2022
1 min

Nicon Town Estate Lekki is a purely residential estate located in Ikate, Salem bus stop, off the Lekki-Epe expressway.

The project ‘Nicon Town’ was facilitated and managed by Chevron Employees Multipurpose Cooperative Society (CEMCS). Nicon Insurance Corporation vested with the parcel of land upon which Nicon Town sits by a Certificate of Occupancy incorporated Nicon Lekki Limited to take possession of the 57 hectares parcel of land, develop and sell to the public at a premium for the benefit of the Corporation.

The 57 hectares of land was designed to have over 400 plots consisting of 46 plots of 1,200 sqm each, about 200 plots of 1,000 sqm each and the remaining 800 sqm per plot.

Nicon Town is known for its luxury and class occupied by high income earning individuals. It consists of excellent infrastructure very well organized and given quality finishing.

Its top-notch infrastructure is provided by P.W Group. It is a great investment that has yielded great returns over the years.

It started at the rate of about 5 million but land is now valued at ₦160 million and ₦200 million making property appreciation to be over 2,000% of its original value.

Here is an opportunity to own a home just opposite Nicon Town Estate behind Romey Gardens from NGN 27,500,000 https://ownahome.ng/property/for-sale/house/lagos/ikate-lekki/mijl-residences-and-villas-ikate-lekki/

Other property in Ikate: https://ownahome.ng/property/for-sale/lagos/ikate-lekki


Uche Emordi

Uche Emordi

Realtor and Content Manager

Professional Scrum Master | SEO & Lead Generation Specialist | Real Estate | Sales | Business Development

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