Itohan Avenue, Ikeja, Lagos
₦800,000,000
| Property Ref: 3156694 | Added On: 19 Oct 2025 | Last Updated: 26 Oct 2025 |
| Market Status: Available | Type: Land | Total Area: 800 sqm |
FOR SALE- WATCH VIDEO ABOVE
Prime MixedUse Property ---
800 sqm (1 Plot) with Bungalow + 2Storey BQ Building ---
Itohan Avenue (Between Awolowo Way & Adeniyi Jones), Ikeja 800,000,000 (C of O)
Price & Title
- Asking price: 800,000,000 (Eight Hundred Million Naira)
- Title: Certificate of Occupancy (C of O) --- originals available for verification.
Location & availability
- Location: Itohan Avenue, positioned between Awolowo Way and Adeniyi Jones, Ikeja --- an established, highvalue residential and commercial corridor with excellent access to key Ikeja precincts.
- Land area: Approximately 800 sqm (one and a half plots).
- Availability: For immediate sale. Viewings and document verification by appointment.
Property overview
A highly versatile and welllocated property on approximately 800 sqm comprising a detached bungalow to the front and a substantial twostorey building at the rear (traditionally the boys' quarter). The combination of singlestorey main accommodation plus a twolevel secondary building offers an outstanding owneroccupation solution with income potential, or a strong development/redevelopment opportunity subject to planning. Clean C of O title and prime Ikeja positioning make this an attractive purchase for families, owneroccupier executives, investors and developers.
Key features
- Land size: c. 800 sqm (1 plots) --- contiguous and wellproportioned for residential or redevelopment uses
- Buildings: Front bungalow (main residence) + 2storey building at the rear (BQ) --- suitable for staff accommodation, guest suites, rental units or conversion to offices/serviced apartments
- Title: Certificate of Occupancy (C of O) --- transferable and bankable
- Compound: Private fenced compound with space for multiple vehicle parking, landscaping and potential for additional structures or extension
- Location benefits: Quiet but wellconnected street between Awolowo Way and Adeniyi Jones with easy access to schools, shopping, corporate offices and transport corridors
Interior & exterior description
- Main bungalow: Comfortable singlestorey layout with reception/living spaces, bedrooms, kitchen and service areas --- practical for family living or immediate rental. (Detailed internal plan and finish levels available on inspection.)
- Rear 2storey building: Provides significant additional floor area and flexibility --- ideal as multiple rental units, staff housing, office conversion or penthouse/livework arrangement.
- External: Generous compound provides secure outdoor space, vehicle manoeuvring and opportunity for private garden, children's play area or hardstand parking. Good scope for adding value via landscaping or minor extensions.
Investment & redevelopment potential
- Owneroccupier: Turnkey family home with separate staff/guest accommodation and ample compound space.
- Rental income: Immediate uplift potential by letting the 2storey building or subdividing for higher yield.
- Redevelopment: 800 sqm in this location supports highvalue redevelopment (townhouses, duplexes, small apartment block or mixeduse scheme) subject to planning approvals --- attractive for developers seeking mediumscale Ikja projects.
- Capital appreciation: Strong longterm value given proximity to Awolowo Way/Adeniyi Jones and constrained supply of large plots in the precinct.
Documents & verification
- Title pack: Certificate of Occupancy (C of O) --- originals available for verification under customary procedures.
- Additional documents: Survey plan and site particulars available on request to qualified buyers.
- Recommended due diligence: land registry/title search, survey verification, structural inspection of existing buildings, confirmation of permitted land use and planning envelope with Lagos authorities.
Viewing & transaction process
- Viewings: By appointment only for qualified buyers. Proof of funds or bank reference requested to schedule inspections.
- Transaction steps: submission of formal offer, heads of terms, deposit and completion via legal conveyancing and registration at the Land Registry. Buyers are advised to engage legal counsel for title verification and to instruct technical consultants for site assessment if redevelopment is intended.
Legal & disclaimer
All information provided is indicative and supplied in good faith. Prospective buyers must undertake independent legal, technical and financial due diligence. Price and availability are subject to change without prior notice.
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.
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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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