Mixed-use land for sale
Residential land for sale
Land + One Storey Demolishable Structure
About this property
EXCLUSIVE FOR SALE:
Land + Demolishable Structure Ojuelegba, Surulere, Lagos*
*1,119sqm Existing 1-Storey Building C of O + Letter of Administration ₦250,000,000*
*Mainland's Hidden Gem with Redevelopment Power*
Presenting a strategic land parcel with an existing one-storey building in the heart of Ojuelegba, Surulere --- one of Lagos Mainland's most dynamic, high-density, and transit-rich corridors.
The structure is fully demolishable, giving you immediate land value + flexibility to redevelop for maximum yield. Ojuelegba is Lagos' 24/7 hub: transport, commerce, and residential demand all converge here.
*Property Highlights:*
*1. Location & Demand Drivers*
- *Ojuelegba, Surulere*: The Mainland's commercial heartbeat. Non-stop foot and vehicular traffic, with demand for housing, retail, and student accommodation
- *Accessibility*: Direct link to Western Avenue, Iponri, Stadium, and the National Theatre. Minutes from Yaba, Ikeja, and Victoria Island via 3rd Mainland Bridge
- *Vicinity*: Surrounded by markets, schools, churches, and high-occupancy residential blocks. Zero vacancy risk for rentals
*2. Land, Structure & Title Security*
- *Size*: 1,119 Square Meters --- generous Mainland footprint with good depth and frontage
- *Structure*: Existing one-storey building. Demolishable structure --- ideal as holding income while you finalize development plans, or clear immediately for new build
- *Status*: Well-demarcated, rectangular shape, suitable for high-rise or multi-unit development
- *Title*: Certificate of Occupancy C of O + Letter of Administration --- strong, verifiable Lagos State title. Bankable and suitable for financing
*3. Development & Investment Potential*
This is a high-yield investor's play:
- *Option 1*: Demolish and redevelop into 4-6 floor apartment block, mixed-use complex, or student hostel --- Ojuelegba/Surulere rental demand is perennial
- *Option 2*: Maintain current structure for immediate rental income while land appreciates
- *Option 3*: Land bank in Surulere --- Mainland locations with C of O are scarce and appreciating rapidly due to infrastructure upgrades
With Lagos focusing on mass transit and urban renewal, Ojuelegba sits at the center of growth.
*Pricing:*
*₦250,000,000*
_Pricing reflects size, strategic Ojuelegba location, demolishable structure, and strong C of O + Letter of Administration title. Competitive for current Surulere market benchmarks._
*Due Diligence & Inspection:*
All title documents available for verification at Lagos Land Registry and Probate Registry. Private inspection available for qualified buyers and authorized representatives. Proof of funds required prior to site visit.
Exclusive mandate. Fast, discreet, and professional handling for serious investors and developers only._
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Property details
Property video
Area guide — Surulere
Interesting Facts
Ojuelegba used to be a forest and shrine where Eshu Elegba was worshipped. The villagers bowed down to the Esu god beneath what is now the Ojuelegba bridge. Also, many musical works, like Fela's album "Confusion," Wizkid...
Leisure and Shopping
Shopping complexes, malls, and retail centres can be found on every street and corner in Ojuelegba. Along Ojuelegba Road, there is the Tejuosho Shopping Centre as well as the All Saints Shopping Centre. There are a lot o...
Popular Estates
This area has residential apartments. Some are new and more modern, and others are older, but in Ojuelegba, it's more common to locate streets than estates. There are many sturdy buildings throughout the local streets. C...
Day Life
Imagine not having a place to cool yourself at any hour of the day if you live in the raucous, nonstop Ojuelegba. One positive of Ojuelegba is that there are plenty of places to unwind. You can either go to a "mama put,...
Night Life
Ojuelegba never goes to sleep. It is an area where activities happen around the clock. In the 80s and 90s, Ojuelegba was popular for its lively nightlife and is still popular. It has a number of nightclubs, lounges, and...
Schools
Ojuelegba has conventional schools that offer a well-rounded education and prepare students to handle the challenges of university life, but they also play a special role in preparing children today for a prosperous tomo...
Read the full area guide for Surulere, Lagos
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