Fantastic Twin Duplexes On 1200sqm Of Lucrative Land On Offer

NOTICE: *DIRECT BUYER COMMUNICATION ONLY* (NO AGENTS- NO MANDATES)

For Sale ---
Twin Duplex on 1,200 sqm --- Ladipo / Bateye St, Ikeja GRA
Price: ₦1.7B
Title: Governor's Consent

Overview
Prime opportunity to acquire an established residential landholding in the prestigious Ikeja GRA. This offering comprises two (old) duplex buildings sited on a single 1,200 sqm parcel on Ladipo / Bateye Street. The property is being offered for sale at ₦1.7 billion and is held under Governor's Consent. Ideal for investors seeking immediate rental income, or developers looking to redevelop a well‑located plot in one of Lagos's top residential enclaves.

Property summary

- Property type: Existing residential (two duplexes on one plot)
- Land area: 1,200 sqm
- Location: Ladipo / Bateye Street, Ikeja GRA, Lagos
- Price: ₦1,700,000,000 (One billion, seven hundred million Naira)
- Title: Governor's Consent (documents available for verification)

Key features & accommodation

- Two solidly built duplex structures on one fenced compound --- currently habitable and suitable for immediate occupation or rental.
- Spacious compound offering room for parking, landscaping and potential additional construction.
- Good natural light and ventilation throughout existing buildings.
- Mature, well‑maintained neighbourhood with high security and infrastructure standards.

Location & transport advantages

- Located in the heart of Ikeja GRA --- prestigious address with proximity to major commercial hubs, government offices, malls, hospitals and reputable schools.
- Excellent road access to Ikeja town, Allen Avenue and fast links to the wider Lagos metro area.
- High demand area for executive housing and corporate lets.

Investment & redevelopment potential

- Redevelopment upside: the 1,200 sqm plot can accommodate a bespoke mid‑rise apartment scheme, luxury townhouses or a mixed residential development (subject to planning approval).
- Immediate yield option: continue to let/refurbish existing duplexes while securing approvals for a phased redevelopment.
- Strong capital appreciation prospects given location and limited large parcels in Ikeja GRA.

Title & due diligence

- Title: Governor's Consent --- certified copies available to qualified buyers and solicitors for verification.
- Recommended checks: title verification, site survey, structural inspection of existing buildings, confirmation of permissible density/coverage with Lagos State planning authority, geotechnical/environmental investigations (as required).

Sale terms & viewing

- Sale type: Direct sale to qualified buyers; proof of funds required prior to release of full documentation and site inspection.
- Viewings: By appointment only for pre‑qualified buyers.
- Transaction process: Submit LOI and proof of funds; successful buyers will proceed with legal searches, negotiations and completion via standard conveyancing.

Ref: Efosa