Ajah, Lagos
₦415,000,000
| Property Ref: 3054611 | Added On: 25 Aug 2025 | Last Updated: 29 Aug 2025 |
| Market Status: Available | Type: Land | Total Area: 1,200 sqm |
Premium Opportunity ---
Distressed Land Sale in Royal Garden Estate (B Zone)
Location: Royal Garden Estate
Plot Size: 1,200 sqm
Title: Deed of Sublease & COFO (Certificate of Occupancy) ---
documents available for verificationZoning: B Zone ---
development capacity for 2 residential units
(buyer to confirm with planning authority)
Price: 415,000,000 (Four Hundred and Fifteen Million Naira) --- Net
Overview
An exceptional, belowmarket opportunity in Royal Garden Estate --- 1,200 sqm of prime estate land offered as a distressed sale. The parcel is located in a desirable, secured residential estate and is zoned B, allowing development of two residential units. This is marketed as a fast, singletransaction sale for serious cash buyers and investors seeking rapid acquisition and repositioning.
Key Selling Points
- Prime estate location: Royal Garden Estate --- secure, wellmanaged community with high capital appreciation potential.
- Compact highvalue plot: 1,200 sqm in an estate setting --- ideal for two highend detached homes or a bespoke duplex development.
- Clear documentary basis for sale: Deed of Sublease and COFO (Certificate of Occupancy) --- title documents available for review.
- Distressed sale / motivated seller --- priced to move: 415M net.
- Attractive for developers, property investors, highnetworth buyers and those seeking readytobuild estate plots.
Zoning & Development Potential
- Zoning classification: B Zone (as stated) --- permits the construction of two residential units (buyer to confirm permitted coverage, FAR, setbacks and allowable storeys with the planning authority).
- Ideal uses: Two luxury detached residences, semidetached villas, or a bespoke singleowner compound with extensive private gardens.
- Preliminary planning considerations: Setbacks, coverage limits and infrastructure connections should be confirmed during technical due diligence.
Title & Legal
- Title offered: Deed of Sublease and COFO --- seller will provide certified copies for verification.
- Recommended actions: legal confirmation of title status, verification of sublease terms (duration, covenants and any government conditions), and confirmation that all estate levies/dues are current.
Price & Commercial Terms
- Asking Price: 415,000,000 (net).
- Net price means the seller expects the stated amount as proceeds --- any transfer taxes, stamp duties, legal fees or agency fees to be clarified/assumed in the sale agreement. Ask for confirmation of who bears statutory costs.
- Offers will be considered from prequalified, serious buyers only.
Confidentiality
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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Ref: Daka
