For Sale: Premium Opportunity- Distressed Land On Offer, Ajah, Lagos | Nigeria Property Centre (Ref: 3054611)

Premium Opportunity- Distressed Land On Offer

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Property Description

Premium Opportunity ---
Distressed Land Sale in Royal Garden Estate (B Zone)
Location: Royal Garden Estate
Plot Size: 1,200 sqm
Title: Deed of Sublease & COFO (Certificate of Occupancy) ---
documents available for verificationZoning: B Zone ---
development capacity for 2 residential units
(buyer to confirm with planning authority)
Price: ₦415,000,000 (Four Hundred and Fifteen Million Naira) --- Net

Overview
An exceptional, below‑market opportunity in Royal Garden Estate --- 1,200 sqm of prime estate land offered as a distressed sale. The parcel is located in a desirable, secured residential estate and is zoned B, allowing development of two residential units. This is marketed as a fast, single‑transaction sale for serious cash buyers and investors seeking rapid acquisition and repositioning.

Key Selling Points

- Prime estate location: Royal Garden Estate --- secure, well‑managed community with high capital appreciation potential.
- Compact high‑value plot: 1,200 sqm in an estate setting --- ideal for two high‑end detached homes or a bespoke duplex development.
- Clear documentary basis for sale: Deed of Sublease and COFO (Certificate of Occupancy) --- title documents available for review.
- Distressed sale / motivated seller --- priced to move: ₦415M net.
- Attractive for developers, property investors, high‑net‑worth buyers and those seeking ready‑to‑build estate plots.

Zoning & Development Potential

- Zoning classification: B Zone (as stated) --- permits the construction of two residential units (buyer to confirm permitted coverage, FAR, setbacks and allowable storeys with the planning authority).
- Ideal uses: Two luxury detached residences, semi‑detached villas, or a bespoke single‑owner compound with extensive private gardens.
- Preliminary planning considerations: Setbacks, coverage limits and infrastructure connections should be confirmed during technical due diligence.

Title & Legal

- Title offered: Deed of Sublease and COFO --- seller will provide certified copies for verification.
- Recommended actions: legal confirmation of title status, verification of sublease terms (duration, covenants and any government conditions), and confirmation that all estate levies/dues are current.

Price & Commercial Terms

- Asking Price: ₦415,000,000 (net).
- Net price means the seller expects the stated amount as proceeds --- any transfer taxes, stamp duties, legal fees or agency fees to be clarified/assumed in the sale agreement. Ask for confirmation of who bears statutory costs.
- Offers will be considered from pre‑qualified, serious buyers only.

Confidentiality
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.
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Ref: Daka


Property Details

Property Ref: 3054611Added On: 25 Aug 2025Last Updated: 25 Aug 2025
Market Status: AvailableType: LandTotal Area: 1,200 sqm

Interesting Facts

Do you know that Ajah is the best option for people who want to stay on the island but don't have the financial means to live in Ikoyi or VI? If you're looking for a place to stay on the island of Lagos that won't break the bank, Ajah is the place to go.

Leisure and Shopping

Ajah caters to the needs of its residents by offering a plethora of shopping opportunities as the city grows in popularity. The neighbourhood is littered with shops, markets, malls, supermarkets, and stalls.

Popular Estates

Seaside Estate, Ocean Palm Estate, Peninsula Estate, Peaceville Estate, Royal Gardens Estate, Sunview Estate, Divine Homes, and others are notable estates.

Day Life

Fair Acres, located in Awoyaya, is a world-class park. It is a private country club that offers a variety of activities to its members, guests, families, and children. There is a kayaking lake, a world-class pool, a play area, a picnic area, a gym, a volleyball court, a restaurant, a bar, and an event venue, among other things.

Night Life

There are lounges, bars, and nightclubs all over the place. Simply choose your favourite....

Schools

Crane College, Busy Minds College, Jesilo High School, Lakefield Schools, Edidot College, Alpha Covenant Heritage School, Lakewood British School, Learning Ladder Montessori Schools, Readington School, Amber Ville School, Goldenline School, and others are among the schools that have made quality education accessible.

Read the full area guide for Ajah, Lagos.

Interested in this property?

Call 0902 XXXX Show Phone
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