2,737 hectares Palm Plantation for Sale in Oyo State
Oyo, Oyo, Nigeria
Price: $6,000,000 freehold - negotiable
Introducing Elere Palm Plantation: A Prime Agricultural Estate in Oyo State, Nigeria
Elere Palm Plantation is 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.
Key Features:
Palm Oil Processing Area (7.1):
a. Administrative Block and Adjoining Shed:
- These single-story structures are constructed with lightweight roofing.
- The shed is supported by timber truss framing.
- The adjoining administrative building is composed of masonry.
- Houses abandoned processing equipment used in palm oil production.
- Some evidence of wear and tear such as spalling, delamination, cracking, and deterioration in various areas.
b. Materials Storage Shed:
- This lightweight shed is supported by unprocessed timber columns.
- Serves as a storage facility for harvested palm fresh fruit bunches.
- Essential component of the plantation's operation.
Residential Area (7.2):
- Comprises ten single-story masonry structures with lightweight zinc roofing.
- Structures predominantly constructed using clay bricks.
- Many remain structurally sound, although some external walls exhibit minor cracks.
- Certain buildings have suffered from partial dilapidation.
Equipment Storage Shed (7.3):
- Offers shelter for mobile equipment essential for daily operations.
- Lightweight structure features a shed roof supported by timber framing and unprocessed timber columns.
- Some deflection and sway noted in the supporting structural members.
- Evidence of dampness and algae growth on the ground floor slab.
Investment Potential:
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.
Conclusion:
Don't miss the chance to be part of the future of agriculture in Oyo State, Nigeria. Elere Palm Plantation offers a unique blend of historical significance and vast potential for future development. Contact us today to learn more and explore the possibilities that Elere Palm Plantation has to offer.
Land is suitable for:
- Vegetable Farming
Services available with African Land:
- Due diligence package $4000