GRA Phase 1, Magodo, Lagos
₦420,000,000
| Property Ref: 3106820 | Added On: 21 Sep 2025 | Last Updated: 21 Sep 2025 |
| Market Status: Available | Type: House | Bedrooms: 4 |
| Bathrooms: 4 | Toilets: 4 | Parking Spaces: 8 |
| Total Area: 700 sqm |
Listing title
For Sale --- 3 x 4Bedroom Terrace Houses (Well Maintained) --- Magodo Phase 1 GRA, Isheri 700 sqm 420,000,000 Net (All Units)
Overview
An attractive readyincome package in prestigious Magodo Phase 1 GRA --- three wellmaintained 4bedroom terrace houses on a single 700 sqm plot. The properties are offered as a consolidated lot with clean title (Certificate of Occupancy and Governor's Consent) and present an excellent opportunity for owneroccupiers, investors, corporate housing or conversion to mixed commercial/residential use. Positioned in a secure, highvalue estate, this turnkey holding offers immediate rental potential and redevelopment upside.
Property summary
- Property type: Residential --- 3 x 4bed terrace houses on one title
- Total land area: 700 sqm
- Location: Magodo Phase 1 GRA, Isheri, Lagos --- highdemand, wellserved residential estate
- Asking price: 420,000,000 (Four hundred and twenty million Naira) --- net (price for the lot)
- Title: Certificate of Occupancy (C of O) and Governor's Consent --- documents available for inspection
Accommodation & features (per unit / estate)
- Each unit: 4 spacious bedrooms (ensuite where applicable), modern sanitary fittings and generous living areas
- Layout: Family lounge, formal living/dining, fitted kitchen or provision for fittings, box/store room, balconies and private terrace spaces
- Parking: Onplot parking for residents and visitor spaces within compound
- Security & environment: Located within Magodo Phase 1 GRA with estate security, good street lighting and maintained internal roads
- Condition: Well maintained --- low immediate capex required; ready for occupation or let
Why this is a strong buy
- Consolidated investment: Purchase three incomeproducing homes on a single title --- simplifies management, leasing and potential resale as a packaged asset.
- Prime estate address: Magodo Phase 1 GRA remains sought after by professionals, families and corporate tenants --- resilient rental demand and capital appreciation.
- Flexible enduse: Ideal for buytolet portfolio, corporate/executive housing, or owneroccupier with rental income from remaining units; potential to reposition for light commercial use subject to estate rules and approvals.
- Clean title: C of O and Governor's Consent reduce acquisition risk and support bank financing options where required.
Location advantages
- Established residential neighbourhood with reliable estate management and infrastructure.
- Easy access to major arterial roads connecting to Ikeja, Allen Avenue and Lagos business districts.
- Close to schools, healthcare facilities, shopping and banking services --- appealing for family and corporate tenants.
Due diligence & documentation available
- Title documents: Certified copies of Certificate of Occupancy and Governor's Consent available to qualified buyers and solicitors.
- Property documents: Asbuilt/layout plans, service bills and maintenance records available on request.
- Recommended buyer checks: solicitor title search, verification of any outstanding rates/levies, inspection of utilities (power/water), and physical inspection of units.
Sale process & viewing
- Viewings: By appointment only for qualified buyers --- proof of funds or bank reference will be requested prior to site access.
- Offers: Submit a Letter of Intent (LOI) or formal offer; shortlisted buyers will receive full dossier and be invited for private inspection.
- Transfer & costs: Standard conveyancing applies --- buyer to budget for legal fees, stamp duty and transfer costs (unless otherwise agreed).
Notes
All information is provided in good faith and subject to independent verification. Availability and price are subject to prior sale.
Contact: Mr. Kola Adesina (EDBA)
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*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
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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