Penn Cinema Axis, Ifako, Agege, Lagos
₦3,500,000,000
| Property Ref: 3185283 | Added On: 04 Nov 2025 | Last Updated: 06 Nov 2025 |
| Market Status: Available | Type: Commercial Property | Total Area: 17,400 sqm |
FOR SALE- WATCH VIDEO ABOBE
4.3-ACRE DEVELOPMENT LAND
27 PLOTS IJU ROAD CORRIDORLocation: High-Traffic Iju Road, Adjacent Agege Pen Cinema - Ifako-Ijaiye, LagosT
Title: Registered Conveyance
Price: 3,500,000,000 (Three Billion Five Hundred Million Naira)
FLAGSHIP LAND BANK IN LAGOS' GROWTH AXIS
A rare large-scale development canvas: 4.3 acres of premium land subdividable into 27 standard plots along one of Lagos' most dynamic arterial corridors. Positioned for visionary developers targeting commercial, residential, or mixed-use estate projects.
DEVELOPMENT SPECIFICATIONS
- Total Land: 4.3 Acres (17,400 sqm)
- Plot Yield: 27 Standard Plots (644 sqm each)
- Topography: Level terrain with excellent drainage
- Access: Direct dual frontage on Iju Road
- Title Clarity: Registered Conveyance enabling swift planning approvals
LOCATION DOMINANCE
Strategic Nexus:
- 0.5km to Agege Pen Cinema: Epicenter of Agege's commercial/residential surge
- Tri-Zone Access:
- 4 Minutes Ifako-Ijaiye LGA Secretariat
- 8 Minutes Abule-Egba Transport Interchange
- 12 Minutes Ikeja Central Business District
Demand Drivers:
- Population Density: Serves 750,000+ residents across Agege/Ifako-Ijaiye
- Infrastructure Momentum: Proximity to Lagos Red Line Rail (Agege Station)
- Commercial Gravity: Surrounded by markets (Oko-Oba), hospitals (General Hospital Agege), and institutions
INVESTMENT CASE
Value Proposition:
- Price Per Plot: 130 Million (Below current comparables)
- Commercial Premium: Iju Road frontage plots command 3x rental yields
- Development Upside:
- Residential: 500+ mid-income units
- Commercial: 15,000+ sqm retail/hospitality space
- Exit Flexibility: Sell plots individually or master-develop
TRANSACTION PROTOCOL
- Eligibility: Pre-qualified developers/institutions only
- Due Diligence: Title documents available upon executed NDA
- Site Inspection: Scheduled with security escortSubmit EOI To: [Development Agency] [Direct Line] [Secure Email]
Note: Lagos' land scarcity makes this one of the last large parcels near the city core. Road expansion projects imminent.
Key Positioning Highlights:
1. Urban Infill Narrative
- "Last large parcel near city core" emphasizes scarcity
2. Transport Revolution Linkage
- Proximity to Lagos Red Line Rail (critical for developer ROI calculations)
3. Yield-Focused Metrics
- Breaks down price per plot (130M) for investor comparison
4. Density Validation
- Cites 750,000+ resident base to justify absorption
5. Exit Strategy Clarity
- "Sell plots individually or master-develop" appeals to varied capital profiles
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
*How we work*
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Our team reviews your request and assigns a dedicated relationship manager.
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We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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