Nicon Town is an absolutely private home situated in Ikate, Salem transport stop, off the Lekki-Epe road. The undertaking ‘Nicon Town’ was encouraged and overseen by Chevron Employees Multipurpose Cooperative Society (CEMCS). Nicon Insurance Corporation vested with the package of land whereupon Nicon Town sits by a Certificate of Occupancy consolidated Nicon Lekki Limited to claim the 57 hectares bundle of land, create and offer to the general population including some hidden costs to serve the Corporation. Nicon Lekki Ltd offered the majority of the plots of land to CEMCS in 2001. CEMCS took over full advancement of Nicon Town from that point on and altogether completed the undertaking in 2007. CEMCS encouraged the venture for its individuals and different financial specialists. The 57 hectares of land was intended to have more than 400 plots comprising of 46 plots of 1,200 sqm each, around 200 plots of 1,000 sqm each and the staying 800 sqm per plot.
Nicon Town is known for its extravagance and class involved by high salary procuring people. It comprises of superb framework very efficient and given quality wrapping up. Its first rate framework is given by P.W Group. It is an extraordinary venture that has yielded incredible returns throughout the years. It began at the pace of around 5 million yet land is currently esteemed at ₦160 million and ₦200 million making property thankfulness to be over 2,000% of its unique worth.
Nicon Town is partitioned into Zones and each zone has a different gated passage and security protects. The domain is extremely quiet and tranquil with cutting edge security; all streets inside the home are tarred and generally excellent; its frontage road through Prince Olanrewaju Elegushi Rd is likewise tarred and in great condition. The domain is spotless with a magnificent waste administration framework and seepage channels. It likewise has a decent format and scene. Each house has plentiful space in front for blossom planting, a carport and adequate parking spot, no vehicles left along the street. Occupants and Plot Owners pay the yearly bequest upkeep levy to the Nicon Town Residents and Plots Owners’ Association or the Nicon Town Management Company (NTMC) office. The yearly levy depend on the yearly spending plan arranged and explored by NTMC and the Association.
Offices and foundation in Nicon Town: edge fence, Children’s play area, focal sewage plant, 24 hours water supply and treatment plant, 24-hour observation and Nicon Town Security Patrol, great waste, power and underground links, streetlights, about 1km access street into the domain from the express.
Run of the mill property costs :
5 bed disengaged duplex – ₦250 million – ₦450 million
4 bed terraced duplex – ₦70 million (deal); ₦3 million (lease)
5 bed terraced duplex – ₦90 million
Land – ₦160 million – ₦200 million