Morroco Road, Shomolu, Lagos
₦300,000,000
| Property Ref: 3105769 | Added On: 20 Sep 2025 | Last Updated: 21 Sep 2025 |
| Market Status: Available | Type: Land | Total Area: 800 sqm |
Listing title
For Sale --- Demolishable Building on 800 sqm
28 Morocco Road, Shomolu ---
300,000,000
Overview
Rare redevelopment opportunity in Shomolu: a demolishable building sited on a substantial 800 sqm parcel at 28 Morocco Road. Offered at 300M, this site is ideal for developers, investors or owneroccupiers seeking a strategically located plot for commercial, residential or mixeduse redevelopment. The land footprint and street frontage deliver immediate development flexibility in a busy Lagos mainland neighbourhood.
Property summary
- Property type: Existing building (demolishable) on single plot --- ready for redevelopment
- Site area: 800 sqm
- Location: 28 Morocco Road, Shomolu, Lagos
- Asking price: 300,000,000 (Three hundred million Naira)
- Title: To be confirmed --- buyer to verify title and chain of ownership during due diligence
Why this site is attractive
- Sizeable urban plot (800 sqm) in Shomolu offers scope for midrise residential apartments, boutique commercial development, serviced apartments or mixeduse schemes (subject to planning).
- Demolishable building provides a blankcanvas redevelopment opportunity --- accelerate planning and design without demolition unknowns linked to longlife structures.
- Wellpositioned within a busy mainland catchment with strong local demand for residential rentals, retail and office space.
- Compelling for developers seeking quickturn projects or portfolio investors targeting mainland growth corridors.
Suggested development concepts
- Midrise residential apartment block (flats/terraces) with onsite parking and communal amenities
- Mixeduse building with groundfloor retail/office and residential apartments above
- Serviced apartments or boutique hospitality conversion (subject to local permitting)
- Owneroccupier redevelopment for corporate HQ with staff parking and landscaped compound
Site & location notes
- 28 Morocco Road is located in Shomolu --- a bustling Lagos mainland neighbourhood with a mix of residential, commercial and light industrial activity.
- Confirm local access routes and proximity to key arteries and transport nodes during inspection and technical appraisal.
Due diligence & recommended checks
Prospective buyers should commission and verify the following prior to commitment:
- Title and ownership documents --- chain of title verification and any encumbrances (ask seller for C of O / Deed of Assignment).
- Certified site survey, boundaries and dimensional verification.
- Local planning/zoning regulations and permissible coverage/height for redevelopment.
- Environmental & geotechnical assessment (if required for larger schemes).
- Utility connections and service availability (power, water, drainage) and likely connection/upgrade costs.
- Any outstanding rates, levies or statutory obligations on the property.
Transaction & sale process
- Viewing: By appointment only for prequalified buyers --- proof of funds requested for access to full documentation.
- Offers: Submit Letter of Intent (LOI) with evidence of funds; shortlisted buyers will be given access to the title and survey documents and invited for inspection.
- Sale mechanics: Standard conveyancing applies --- buyer to instruct solicitors for searches and completion; costs such as legal fees and stamp duty borne by buyer unless otherwise agreed.
Value & investor appeal
- Immediate redevelopment opportunity in a tightly held mainland market --- potential to unlock significant value through redevelopment or repositioning.
- Suitable for developers looking for nearterm projects with strong rental/resale prospects in Lagos mainland.
Important note
All information is provided in good faith and should be independently verified. Title status currently to be confirmed --- prospective buyers should conduct full legal and technical due diligence prior to exchange.
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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