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Listing title
For Sale --- Furnished 5‑Bedroom Duplex with 3‑Bed Basement, Private Cinema, Gym & Pool ---
Magodo Phase 2
₦700,000,000
C of O 520 sqm
Overview
A rare turnkey opportunity in sought‑after Magodo Phase 2 --- a fully furnished, well‑appointed 5‑bedroom duplex sitting on a 520 sqm fenced plot with a separate 3‑bedroom basement duplex. The property combines luxury leisure amenities (private cinema, pool, gym), robust back‑up power (Mikano generator) and ample parking. Ideal as an executive family home, short‑let/serviced residence, corporate HQ or high‑yield rental investment. Owner relocating --- sale motivated.
Property summary
- Type: Detached 5‑bedroom duplex with separate 3‑bed basement duplex (all rooms en‑suite)
- Land size: 520 sqm (fully developed plot)
- Price: ₦700,000,000 (Seven hundred million Naira)
- Title: Certificate of Occupancy (C of O) --- available for verification
- Condition: Furnished, ready for immediate occupation or operation
Accommodation & internal features
- Main house: 5 spacious bedrooms, all en‑suite (including master suite with premium fittings)
- Basement: Self‑contained 3‑bedroom basement duplex (all en‑suite) --- ideal for guest/extended family or rental income
- Private cinema / media room finished with soundproofing and seating
- Family lounge and formal living/dining areas with quality finishes
- Fully fitted kitchen(s) with modern cabinetry and appliances; pantry and utility area
- Built‑in wardrobes, box room and adequate storage throughout
- Balcony/terrace spaces and well‑designed internal circulation
Leisure, services & external features
- Private swimming pool with tiled deck and landscaped poolside area
- Fully equipped gym/fitness room with flooring and equipment (transferable on sale)
- Ample on‑plot parking for multiple vehicles and guest parking areas
- Reliable backup power via Mikano generator (sized for full critical loads) and supporting MEP infrastructure
- Borehole/treated water and overhead storage (confirm capacity on inspection)
- Secure fenced compound with perimeter lighting and provision for CCTV/security systems
Why this property is special
- Turnkey luxury product in Magodo Phase 2 --- immediate revenue/cashflow potential for short‑let or corporate tenancy
- Dual accommodation (main house + basement duplex) increases flexibility: live in main house and lease basement, or operate full property as short‑stay/residence with higher yield
- Strong build quality and solid MEP setup (generator and water solutions) reduce post‑acquisition capex
- Well suited for high‑value rental market, family residence, boutique serviced apartments or executive office conversion (subject to estate rules)
Location & transport benefits
- Magodo Phase 2: mature, secure estate with good internal infrastructure and proximity to major Lagos nodes
- Convenient road access to Ikeja, Allen Avenue, Lagos mainland and key business districts --- attractive for commuting executives and corporate tenants
- Close to schools, shopping, healthcare and leisure amenities serving Magodo and neighbouring communities
Investment & commercial appeal
- Multiple income options: long‑let, short‑let/Airbnb, corporate lease or part‑let (basement) --- flexible exit strategies for investors
- Strong tenant demand in Magodo for quality, ready homes and executive accommodation supports robust rental yields and quick re‑letting cycles
- Title clarity (C of O) facilitates financing and smooth transfer for qualified buyers
Due diligence checklist (recommended)
- Verify Certificate of Occupancy and chain of title with your solicitor
- Physical inspection and snagging report / condition survey (including pool, MEP, generator, plumbing and roof)
- Confirm inventory list for furnished items to be transferred on sale
- Confirm utility status: generator capacity, borehole yield, water tanks and electrical setup
- Check any estate covenants, service charges or approvals required for change of use (if considering commercial/short‑let operation)
Sale process & viewings
- Viewings: By appointment only for pre‑qualified buyers --- proof of funds or bank reference required before detailed document release and private inspection
- Offers: Submit a Letter of Intent (LOI) with evidence of funds; successful buyers will be given full dossier and invited to inspect the property
- Transfer: Standard conveyancing applies --- buyer to instruct solicitors for searches, contract and completion
The Build Centre Properties LtdTel: +234 708 056 2616 +234 814 455 0891Email: [email protected]
Serious buyers only. All information provided in this listing is offered in good faith and should be independently verified during due diligence.
Ref: Nnedu
Property Ref: 3107618 | Added On: 22 Sep 2025 | Last Updated: 22 Sep 2025 |
Market Status: Available | Type: House | Bedrooms: 5 |
Bathrooms: 5 | Toilets: 6 | Parking Spaces: 4 |
Furnishing: Furnished | Total Area: 520 sqm |
Magodo was originally designed as a Government Residential Area (GRA) for government employees. It is now considered an upscale neighbourhood, with residents from both the middle and upper classes. Living in Magodo gives access to all of the 'good stuff' in Ikeja, such as business and employment opportunities.
A residential area won't be complete without befitting places to shop for groceries and other household needs.
Magodo is always highly recommended when looking for residential areas in Lagos. Many Lagosians visit this 'Holy Ground' on a regular basis to stay in the estates available. Unilag Estate is owned by the University of Lagos co-operative, and many of its staff own homes there.
Ziggies Lifestyle Arena is a Resort Hotel in Magodo. The restaurant serves a variety of local and continental cuisines. Luglow Essence is a nail salon, wellness centre, and spa. Massages, facials, pedicures, and manicures are all available.
Magodo is a great place to unwind after a long day at work. The top floor of Paradox Bar and Grill offers a bird's eye view of the expressway. District 10 is a hip, low-key club with a live band and an excellent DJ.
Lagos Cambridge School is a sixth-form college that prepares students for effective and high-quality international education. Lolad School provides children with entrepreneurial skills such as fish farming, soap making, hairdressing, and sports. Newfield School employs a broad and balanced curriculum based on the Nigerian and British National Curriculums.
Read the full area guide for Magodo, Lagos.
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