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Demolishable Bungalow on Tarred Road
Okunola, Egbeda (Alimosho), Lagos
Price
₦90,000,000
Summary
Exceptional redevelopment opportunity in a gated street at Okunola, Egbeda (Alimosho). This demolishable bungalow sits on a tarred road and is only a 5‑minute walk to Egbeda bus stop --- making it ideal for developers, investors or buyers looking to build a custom family home. Clear title documents (receipt, registered survey and deed of assignment) available for verification. Priced at ₦90M --- viewings available by appointment.
Property highlights
- Property type: Demolishable bungalow (ideal for rebuilding or redevelopment)
- Road: Located on a tarred road --- ease of access and good frontage
- Neighbourhood: Gated street --- enhanced privacy and local security
- Proximity: Approximately 5 minutes' walk to Egbeda bus stop (excellent public transport access)
- Documents: Receipt, registered survey and deed of assignment (available for inspection)
- Price: ₦90,000,000
Detailed description
Presenting a prime plot in a well‑connected part of Egbeda suitable for a new build or redevelopment project. The existing bungalow is demolishable, giving the buyer a blank canvas to design and construct a modern duplex, block of flats or a spacious family residence. The property's position on a tarred road ensures good vehicular access and visibility, while the gated street setting contributes to a calm residential environment.
This location combines residential tranquillity with strong transport links to major commercial and commuter routes across Alimosho and wider Lagos, making it attractive to both end‑users and investors targeting rental demand.
Location & accessibility
- Situated at Okunola, Egbeda in Alimosho Local Government Area --- convenient for daily commuting
- Short walk (≈5 minutes) to Egbeda bus stop --- immediate access to public transport and commercial corridors
- Close to local amenities including markets, schools, places of worship and retail outlets
- Good road infrastructure (tarred) improving ease of construction logistics and long‑term access
Tenure & documentation
- Title documents: Receipt, registered survey and deed of assignment --- ready for due diligence and transfer processes
- Documents can be presented to serious buyers, solicitors or appointed agents for verification
Value proposition & investment notes
- Demolishable property presents immediate redevelopment potential without the need for demolition permissions tied to occupied structures --- flexible for quick project starts (buyer should confirm local planning requirements)
- Gated street and tarred road frontage enhance future resale or rental value
- Strategic location near Egbeda transport hub increases tenant appeal and capital appreciation prospects
What's included
- Sale includes the property and the listed title documents (receipt, registered survey, deed of assignment)
- Any existing fixtures within the bungalow are included unless otherwise agreed
Viewing & next steps
Serious buyers and accredited agents are invited to arrange a private inspection and document review. To schedule a viewing or request copies of the title documents for pre‑qualification, please provide your preferred contact details and a convenient time.
Ref: Efosa
| Property Ref: 3173809 | Added On: 28 Oct 2025 | Last Updated: 29 Oct 2025 |
| Market Status: Available | Type: Land | Total Area: 585 sqm |
Eateries and restaurants cater to diverse tastes, and educational institutions contribute youthful energy. Public spaces provide opportunities for relaxation and socialization, and transportation hubs facilitate local and intercity travel. Together, these elements make Egbeda come alive with an energetic and lively ambiance during the day. Some places to explore during the day include Elite Gamers Lounge, Sweet Sensation fast food restaurant, and Royal Foodie.
As twilight descends, Egbeda transforms into a vibrant hub brimming with energy, embracing a lively atmosphere adorned with enchanting lounge bars, captivating karaoke centers, bustling night markets, mesmerizing cultural performances, and thriving social clubs.
This exhilarating nightlife extravaganza caters to both locals and tourists, promising an unforgettable experience. Discover the allure of Rubies Lounge, the charm of Big Woman Bar, the allure of De Dems Park, the cultural haven of Kulture Bar, the captivating ambiance of Leosub Lounge, the pulsating beats of De Dems Night Club, the urban chic of Urban Lounge, and the delightful ambiance of Nefua Bar.
Egbeda boasts a rich collection of prestigious educational establishments, such as Millenium Secondary School, Masterguide School, Excellent Montessori School, Aims Model College, Greenforest School, and Toamy Hill School. Renowned for their unwavering commitment to scholastic brilliance, comprehensive growth, and fostering students' innate abilities, these educational institutions hold a pivotal position in molding the destinies of Egbeda's young minds. Through the provision of top-notch education and a nurturing atmosphere conducive to learning, these schools actively contribute to shaping the promising future of Egbeda's youth.
Read the full area guide for Egbeda, Alimosho, Lagos.
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