Morocco Road, Shomolu, Lagos
₦300,000,000
| Property Ref: 3132966 | Added On: 06 Oct 2025 | Last Updated: 12 Oct 2025 |
| Market Status: Available | Type: Land | Total Area: 800 sqm |
For Sale ---
Demolishable Building on 800 sqm Plot ---
Morocco Road, Shomolu
300,000,000
Overview: Still available --- Urgent sale: sizeable development plot on Morocco Road, Shomolu. The site contains an existing demolishable building and sits on an 800 sqm parcel, offering an immediate redevelopment opportunity for commercial or residential projects in a busy mainland location. Priced at 300M (asking).
Property summary
- Address: 28 Morocco Road, Shomolu, Lagos
- Land area: 800 sqm
- Current condition: Existing building (demolishable) --- sold asis
- Asking price: 300,000,000 (Three hundred million Naira)
- Title: To be confirmed --- buyer's solicitor should verify title and chain of ownership
Key benefits & suitability
- Good-sized urban plot ideal for redevelopment --- suitable for mixeduse, commercial plaza, multiunit residential or boutique office.
- Mainland location with strong local demand and good transport links.
- Demolishable structure provides a clear site for mobilisation and new construction (shorter lead time than complex retrofits).
Suggested uses (subject to planning consent)
- Midrise residential apartments or terrace development
- Commercial building / offices with groundfloor retail
- Serviced apartments or guest house
- Mixeduse development (retail / office / residential)
Due diligence & recommended checks
- Legal: Ask seller for title documents (C of O / Deed / Receipt) and instruct solicitor to confirm chain of ownership and any encumbrances.
- Survey: Obtain certified site survey and confirm boundary pegs on site.
- Planning: Confirm permissible uses, coverage and setback requirements with local planning authorities.
- Technical: Demolition cost estimate, structural appraisal of existing building (if any salvageable elements), geotechnical and drainage checks.
- Utilities: Verify power, water and drainage connection points and service upgrade costs.
Sale process & viewing
- Viewings: By appointment only for prequalified buyers. Proof of funds will be requested before full documentation and site access are provided.
- Offers: Submit a Letter of Intent (LOI) with buyer details and proof of funds. Shortlisted buyers will receive the title pack and be invited to inspect.
- Transfer: Standard solicitorled conveyancing; buyer to budget for legal fees, stamp duty and registration.
Note: Information is provided in good faith and should be independently verified by prospective purchasers and their advisers. Price and availability 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.
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