Investing in commercial land is a strategic play that can give long-term monetary benefits. Whether you plan to construct a shopping complex, office space, warehouse, or have rental properties, the selection of land is essential. A wrong move can lead even to financial losses, if not legal problems or lack of profit.

To help you make the best investment, I am going to outline in this article,  seven essential factors you must consider before buying land for commercial use.

1. Location and Accessibility: The Foundation of a Good Investment

In real estate, it is all about location. A prime location allows the commercial business to achieve greater visibility and accessibility, thereby assuring more profits.

Important considerations, therefore, are: 

• The neighborhood where the target customers are located: If setting up a retail outlet, however, office space, or restaurant, your land should be close to your prospective customers. 
• Roads and public transport: Make sure the area is easily accessible to major roads and public transport since such access is detrimental to prospective customers or tenants.
• Future Development Plans: Know if there are ongoing and future government or private sector projects in that area. An increasing neighborhood adds value to your investment.

2. Land Zoning and Permitted Use

Before contemplating purchasing commercial land, it is necessary to learn about the zoning laws that cover the area of your interest. The land use and what types of business activity are allowed in that area can be legislated under zoning laws.

Zoning Types: 

Commercial Zoning: For use by shopping centers and office buildings, as well as entertainment spaces.

Industrial Zoning: Best suited for warehouses, factories, and manufacturing plants. 

Mixed Use Zoning: Both residential and commercial development allows for ideal use of spaces for malls and apartment buildings.

Tip: Be sure to always verify all zoning regulations with the local urban authority so that business plans do not clash with the legal framework of the area.

How Mixta Africa Helped Me and Can Help You:

Commercial lands with all clearing documents duly pre-verified for zoning are being provided by Mixta Africa to reduce the hassle from legalities and give relief to clients. They sure did for me. 

3. Land Title and Legal Documentation

The most serious risk I have come to find out in this business is the one you could face while acquiring land is buying one with unproven ownership. 

If you do not have the required paperwork, you could go through a myriad of legal battles or even lose your money.

Important Land Title Verification Documents:

Certificate of Occupancy (C of O): Provides evidence for use and ownership rights issued by the government.

Governor’s Consent: Essential for lawful transactions regarding land.

Deed of Assignment: The document involves transferring ownership rights from one party to another.

Survey Plan: Confirms the extent of land and prevents encroachment.

How I Got Round This Problem:

I got in touch with Mixta Africa, which I fully recommend, and they offered fully documented lands with verified titles so that I didn’t have to worry about ownership disputes or fraudulent transactions.

4. Land Size and Future Expansion Possibilities

When looking for a land to purchase, be sure to see that the size of your land should suit all of your business needs. 

Buying a plot that proves to be too small will disable your operations, and buying a huge piece could hurt your budget. 

Some factors to consider include: 

• Would your business need expansion in the future, such as adding buildings or parking space?
• Would this area have the appropriate layout and topography for construction? 
• Someday, can you resale part of the land if necessary?

5. Infrastructure and Utility Availability

The viability of a  commercial land site is heavily dependent on its access to important infrastructural provisions. Always crosscheck the following points before purchasing: 

✔️Good Road Networks – Ensures that goods, employees, and customers can move about freely. 

✔️Electricity supply – Commercial operations depend on power supply continuity. 

✔️Water and Drainage Systems – these are very important for all retail and industrial businesses.

✔️Internet connectivity – this is very important for modern businesses since nowadays most things concern digital services.

Tip- If these utilities are absent, calculate how much extra you will need to set them up before making that purchase.

Another pro for consulting with Mixta Africa is that their commercial plots make an impressive claim to pre-installed infrastructure or access to the major utility services, thereby reducing extra costs to the buyer.

6. Financial Planning and Hidden Costs

Purchasing real estate for commercial purposes is more than just the asking price. You must factor in a budget for additional expenses, including:

• Survey and Documentation Fees – For legal registration and permits.
• Development fees that some estates require for infrastructure such as roads and drainage.
• Government taxes and levies including land use charges and property taxes.
• Construction costs: Consider buildings, parking, and landscaping.

Mixta Africa offer plans to make payment easy for businesses so that investments can go on without a heavy upfront cost.

7. Security and Risk Assessment

A safe business atmosphere is imperative for both employees and customers. Before completion of a property transaction, take the following assessments into consideration:

• Crime Rate – police records and local security reports should reveal crime statistics.
• Flood Risk – the area should not be prone seasonal flooding.
•  Community Relations – land with local disputes is not to be avoided.

Why go through the above hassle when Mixta Africa can set you up with  properties free of legal disputes and located in a well-secured environment that assures an easy investment.

Key Terminologies in Commercial Land Purchase

Excision: An act done whereby the government allows people to repossess from the community parts of land. Lands considered excised are usually regarded as safe for purchasing.

Gazette: An official record that lists lands recognized as free from government acquisition. Buying land that is mentioned in a gazette lowers the legal risks.

Deed of Lease: Document authorizing a company to operate on government land for a particular time.

Land Use Act: A Nigerian law whereby all land becomes the property of the government with forms of development needing to be formally allocated before use.

Why  Mixta Africa Is The Best Bet For Your Commercial Land Purchase:

Mixta Africa specializes in making purchases of commercial land easy and hassle free. They helped me with my own investment and i can say for sure that they are a sure bet with the following: 

✅ They offer verified and legally documented lands

✅ Their plots are very strategic locations for business growth

✅ Flexible payment plans to suit your budget

Pre-installed infrastructure to reduce setup costs.

They do not simply sell land. They also help you secure, develop, and grow your commercial investment. That’s a pretty sweet deal if you ask me. 

 Find available commercial plots at Mixta Africa.

Final Thoughts

Buying commercial land in Nigeria is not merely an acquisition, but rather it is a real power move!

As with any significant move, one needs strategy. One must consider seven possible factors to avoid falling into a trap so that investments can thrive. 

And the best thing about it is that you do not do it alone! Mixta Africa backs you up with easy, seamless land ownership. Right land = right start, and they have exactly what you need. 

So are you ready to make the deal happen? Call them up today and let us set your perfect location!