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Commercial land for sale

Commercial Land with Global C of O

Monastery Road, Sangotedo, Ajah, Lagos
₦450,000,000
#374-060-2 22 Oct 2026 Added yesterday
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1,500 m² Plot size
Commercial Property type

About this property

Prime Commercial/Residential Land For Sale or Joint Venture in Sangotedo, Lagos 1,500 SQM Facing Monastery Road, Beside ShopRite Global C of O & Registered Survey Sale: ₦450M Property Overview

  • Location: Facing Monastery Road, beside ShopRite, Sangotedo, Lagos.
  • Land Size: 1,500 SQM.
  • Title: Global Certificate of Occupancy (C of O) & Registered Survey Plan.
  • Land Worth (Sale): ₦450,000,000 (≈ ₦300,000 per SQM).
  • Deal Structure: Available for Outright Sale
  • Status: Vacant, titled land in a high-traffic commercial hub.

Key Highlights

  • Unmatched Visibility & Footfall: Directly facing Monastery Road and sharing proximity with ShopRite (a major retail anchor), guaranteeing massive daily vehicular and pedestrian traffic.
  • Developer-Favourable JV: The rare 60/40 sharing formula in favour of the developer makes this an exceptionally lucrative partnership opportunity, rewarding the developer's capital and execution risk.
  • Strong Title Security: A Global C of O with a Registered Survey Plan ensures a secure legal foundation for either outright purchase or a JV partnership.
  • Flexible Acquisition: Whether you want to buy outright for ₦450M or partner via a JV with a low ₦50M premium, the choice is yours.
  • Commercial Goldmine: The location is primed for a high-yield commercial or mixed-use development.

Development Potential Given the prime location beside a major supermarket, the land is ideal for:

  • Shopping Plaza / Retail Complex: To complement the existing ShopRite traffic.
  • Mixed-Use Development: Ground-floor retail/food court with luxury apartments above.
  • Event Centre or Banquet Hall: High visibility for guests.
  • Corporate Office Complex: A prominent business address in Sangotedo.
  • Hospitality (Hotel/Serviced Apartments): Catering to the bustling Ajah/Sangotedo corridor.

Location Benefits -- Monastery Road, Sangotedo

  • Commercial Epicenter: Beside ShopRite, one of the busiest retail destinations in the Lekki-Ajah axis.
  • Excellent Connectivity: Direct access to Monastery Road and a short drive to the Lekki-Epe Expressway.
  • High Population Density: Surrounded by rapidly developing residential estates, ensuring a ready market for any commercial or residential project.
  • Future Appreciation: The Sangotedo corridor continues to experience massive infrastructure upgrades, driving land and property values upward.

Financial Structure Option 1: Outright Sale

  • Total Price: ₦450,000,000 (₦300k/SQM).
  • Fees: Facilitator's fee applies.

Next Steps for Interested Buyers/Developers For Outright Purchase: Submit a Letter of Intent (LOI) and Proof of Funds. Due Diligence:

  • Upon execution of an nda and Facilitator Fee Agreement, all title documents (Global C of O, Survey) will be provided, and a site inspection will be arranged.

Beside ShopRite, Monastery Road + 1,500 SQM + Global C of O + 60/40 Developer-Favoured JV -- a golden ticket for retail or mixed-use development. Direct mandate -- serious buyers and developers only.

Estate facilities

Outdoor & Communal

Tarred or paved road

Property details

Reference ID #374-060-2
Listed by Ac Valour International
Property type Commercial Land
Listing status Commercial land for sale
Plot size 1,500 m²

Area guide — Ajah

Lagos

Interesting Facts

Sangotedo boasts a captivating history intertwined with Nigeria's past, a thriving real estate market, and strategic access to key transportation routes, making it a unique and promising location.

Leisure and Shopping

Sangotedo offers a vibrant blend of both traditional markets and contemporary shopping destinations, creating a diverse leisure and retail experience. Notable places such as Novare Mall, Paris Plaza, Olasuru Shopping Com...

Popular Estates

Sangotedo boasts a diverse selection of well-known estates, each presenting distinctive attributes, safety measures, and lifestyle choices. Included among these are Westpoint Estate, Diamond Estate, Fountain Springville...

Day Life

Sangotedo provides a rich array of daytime activities, including options for dining, family-friendly amusement parks, sports facilities, restaurants, and access to quality education. Some of the enticing destinations to...

Night Life

Sangotedo awakens with vibrant energy as the night falls, offering a dynamic nightlife scene filled with nightclubs, karaoke spots, international dining, and the serene allure of Sangotedo Beach. Among the plethora of op...

Schools

Sangotedo boasts a diverse array of esteemed educational institutions, all dedicated to providing top-notch learning experiences and equipping students for a promising future. Among these prestigious schools are Crown Cr...

Read the full area guide for Ajah, Lagos

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