Land for sale
Morroco Road, Shomolu, Lagos
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 owner‑occupiers seeking a strategically located plot for commercial, residential or mixed‑use 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 mid‑rise residential apartments, boutique commercial development, serviced apartments or mixed‑use schemes (subject to planning).
- demolishable building provides a blank‑canvas redevelopment opportunity --- accelerate planning and design without demolition unknowns linked to long‑life structures.
- well‑positioned within a busy mainland catchment with strong local demand for residential rentals, retail and office space.
- compelling for developers seeking quick‑turn projects or portfolio investors targeting mainland growth corridors.
suggested development concepts
- mid‑rise residential apartment block (flats/terraces) with on‑site parking and communal amenities
- mixed‑use building with ground‑floor retail/office and residential apartments above
- serviced apartments or boutique hospitality conversion (subject to local permitting)
- owner‑occupier 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 pre‑qualified 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 near‑term 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.
*please feel free to browse our other featured properties*
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More details
₦300,000,000
The Build Centre Properties
09028190510