GRA Phase 2, Magodo, Lagos
₦700,000,000
| Property Ref: 3107618 | Added On: 22 Sep 2025 | Last Updated: 22 Sep 2025 |
| Market Status: Available | Type: House | Bedrooms: 5 |
| Bathrooms: 5 | Toilets: 6 | Parking Spaces: 4 |
| Furnishing: Furnished | Total Area: 520 sqm |
Listing title
For Sale --- Furnished 5Bedroom Duplex with 3Bed Basement, Private Cinema, Gym & Pool ---
Magodo Phase 2
700,000,000
C of O 520 sqm
Overview
A rare turnkey opportunity in soughtafter Magodo Phase 2 --- a fully furnished, wellappointed 5bedroom duplex sitting on a 520 sqm fenced plot with a separate 3bedroom basement duplex. The property combines luxury leisure amenities (private cinema, pool, gym), robust backup power (Mikano generator) and ample parking. Ideal as an executive family home, shortlet/serviced residence, corporate HQ or highyield rental investment. Owner relocating --- sale motivated.
Property summary
- Type: Detached 5bedroom duplex with separate 3bed basement duplex (all rooms ensuite)
- Land size: 520 sqm (fully developed plot)
- Price: 700,000,000 (Seven hundred million Naira)
- Title: Certificate of Occupancy (C of O) --- available for verification
- Condition: Furnished, ready for immediate occupation or operation
Accommodation & internal features
- Main house: 5 spacious bedrooms, all ensuite (including master suite with premium fittings)
- Basement: Selfcontained 3bedroom basement duplex (all ensuite) --- ideal for guest/extended family or rental income
- Private cinema / media room finished with soundproofing and seating
- Family lounge and formal living/dining areas with quality finishes
- Fully fitted kitchen(s) with modern cabinetry and appliances; pantry and utility area
- Builtin wardrobes, box room and adequate storage throughout
- Balcony/terrace spaces and welldesigned internal circulation
Leisure, services & external features
- Private swimming pool with tiled deck and landscaped poolside area
- Fully equipped gym/fitness room with flooring and equipment (transferable on sale)
- Ample onplot parking for multiple vehicles and guest parking areas
- Reliable backup power via Mikano generator (sized for full critical loads) and supporting MEP infrastructure
- Borehole/treated water and overhead storage (confirm capacity on inspection)
- Secure fenced compound with perimeter lighting and provision for CCTV/security systems
Why this property is special
- Turnkey luxury product in Magodo Phase 2 --- immediate revenue/cashflow potential for shortlet or corporate tenancy
- Dual accommodation (main house + basement duplex) increases flexibility: live in main house and lease basement, or operate full property as shortstay/residence with higher yield
- Strong build quality and solid MEP setup (generator and water solutions) reduce postacquisition capex
- Well suited for highvalue rental market, family residence, boutique serviced apartments or executive office conversion (subject to estate rules)
Location & transport benefits
- Magodo Phase 2: mature, secure estate with good internal infrastructure and proximity to major Lagos nodes
- Convenient road access to Ikeja, Allen Avenue, Lagos mainland and key business districts --- attractive for commuting executives and corporate tenants
- Close to schools, shopping, healthcare and leisure amenities serving Magodo and neighbouring communities
Investment & commercial appeal
- Multiple income options: longlet, shortlet/Airbnb, corporate lease or partlet (basement) --- flexible exit strategies for investors
- Strong tenant demand in Magodo for quality, ready homes and executive accommodation supports robust rental yields and quick reletting cycles
- Title clarity (C of O) facilitates financing and smooth transfer for qualified buyers
Due diligence checklist (recommended)
- Verify Certificate of Occupancy and chain of title with your solicitor
- Physical inspection and snagging report / condition survey (including pool, MEP, generator, plumbing and roof)
- Confirm inventory list for furnished items to be transferred on sale
- Confirm utility status: generator capacity, borehole yield, water tanks and electrical setup
- Check any estate covenants, service charges or approvals required for change of use (if considering commercial/shortlet operation)
Sale process & viewings
- Viewings: By appointment only for prequalified buyers --- proof of funds or bank reference required before detailed document release and private inspection
- Offers: Submit a Letter of Intent (LOI) with evidence of funds; successful buyers will be given full dossier and invited to inspect the property
- Transfer: Standard conveyancing applies --- buyer to instruct solicitors for searches, contract and completion
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*
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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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