African Land

2,737 hectares Palm Plantation for Sale in Oyo State
Oyo, Oyo, Nigeria
Price: $6,000,000 freehold - negotiable

Introducing Elere Palm Plantation, a remarkable agricultural estate situated in the serene surroundings of Awo Orile Iropo, Elere Village, Oyo State, Nigeria. This exceptional property offers an abundance of opportunities for those seeking a unique investment in the agricultural sector. With a listing price of 6.6 million USD, this is your chance to own a piece of agricultural history and revive its potential.

Property Overview:
Spread across approximately 2,737 hectares of lush, fertile land, Elere Palm Plantation stands as a testament to decades of agricultural heritage. The estate comprises a well-maintained palm plantation, a functional administrative block, ten blocks of staff residences, and three palm oil production sheds. While the property has been temporarily idle in recent years, it remains a treasure trove of opportunity, with its residential blocks still accommodating the dedicated staff of its former occupants. The legacy of Elere Palm Plantation spans 30 years, making it a historically significant and promising investment.

Palm Oil Processing Area (7.1):
The heart of the plantation is the Palm Oil Processing Area, which features two key buildings:

a. Administrative Block and Adjoining Shed: These single-story structures are constructed with lightweight roofing, with the shed supported by timber truss framing and the adjoining administrative building composed of masonry. These buildings house abandoned processing equipment used in palm oil production. However, it's important to note that there is evidence of wear and tear, such as spalling, delamination, cracking, and deterioration in various areas.

b. Materials Storage Shed: This lightweight shed, supported by unprocessed timber columns, serves as a storage facility for harvested palm fresh fruit bunches, an essential component of the plantation's operation.

Residential Area (7.2):
Elere Palm Plantation also provides comfortable living quarters for its dedicated staff. The residential area comprises ten single-story masonry structures with lightweight zinc roofing. These structures are predominantly constructed using clay bricks. While many of them remain structurally sound, some external walls exhibit minor cracks, and certain buildings have suffered from partial dilapidation.

Equipment Storage Shed (7.3):
The equipment storage shed is a vital part of the plantation, offering shelter for mobile equipment essential for daily operations. This lightweight structure features a shed roof supported by timber framing and unprocessed timber columns. During our investigation, we noted some deflection and sway in the supporting structural members, along with evidence of dampness and algae growth on the ground floor slab.

Elere Palm Plantation represents an exciting investment opportunity with vast potential for agricultural development and commercial revitalization. Its rich history, strategic location, and expansive infrastructure make it an asset that can be reimagined and restored to its former glory. Don't miss the chance to be part of the future of agriculture in Oyo State, Nigeria. Contact us today to learn more and explore the possibilities that Elere Palm Plantation has to offer.

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