831 Sqm Land
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Property Description
DIRECT INSTRUCTION
For Sale or Joint Venture (JV) Genesis Court Estate Phase 2, Badore, Ajah
Consolidated Parcel: 831 SQM (Two Adjoining Back-to-Back Plots) C of O Title Fully Developed Estate
₦166.2 Million (Sale) ₦200,000 per SQM 50/50 JV Sharing
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Property Overview
- Location: Genesis Court Estate, Phase 2, Badore, Ajah, Lekki, Lagos.
- Total Land Size: 831 SQM (comprising two adjoining back-to-back plots: 420 SQM + 411 SQM).
- Title: Certificate of Occupancy (C of O) for each plot.
- Sale Price: ₦166,200,000 (for consolidated parcel).
- Price per SQM: ₦200,000.
- JV Option: 50/50 profit sharing (Developer funds construction; no land premium).
- Facilitator's Fee: 10%.
- Status: Owner available immediately; closable ASAP.
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Key Highlights
- Consolidated Development Parcel: Two adjoining back-to-back plots offering a combined 831 SQM---ideal for a cohesive, medium-scale residential project.
- Fully Developed Estate: Genesis Court Estate Phase 2 is a live-in community with Smart-Card Gate, CCTV, interlock roads, drainage, estate solar lighting, 18hrs power, recreational center, and dedicated estate transformer.
- Strong Title Security: Each plot has a C of O, providing bankable title for outright purchase or JV financing.
- Dual Opportunity: Purchase outright for immediate development, or partner via 50/50 JV with zero land premium---developer brings construction funding only.
- Immediate Closeability: Owner is motivated and accessible; site inspection and video available on request.
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️ Development Potential (JV or Direct Development)
- Consolidated Land Size: 831 SQM offers flexibility for:
- Luxury townhouse cluster (4--6 units).
- Medium-density apartment block.
- Gated mini-estate leveraging existing estate infrastructure.
- Single landmark family compound with generous outdoor space.
- JV Terms: 50/50 sharing of completed units or sales proceeds. Developer covers 100% construction costs.
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Market Context
- Pricing: At ₦200,000/SQM (₦166.2M total), this is competitively positioned for a fully serviced estate with C of O in the Badore-Ajah corridor.
- Comparables: Similar estate land in this micro-location ranges from ₦180,000--₦250,000/SQM depending on title and infrastructure.
- JV Appeal: 50/50 sharing with zero premium is highly developer-friendly, especially with infrastructure already in place and title perfected.
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Video Available on Request
Ideal For: Cash buyers seeking a sizable, titled estate parcel, or developers with ready capital seeking a 50/50 partnership in a prime Ajah location with immediate development potential.
A consolidated 831 SQM development opportunity in a fully built-up estate---ready for immediate action.
Property Details
| Property Ref: 3351818 | Last Updated: 20 Feb 2026 | Market Status: Available |
| Type: Residential Land |
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.
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 6 months ago
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