320sqm Land With Building With Existing Airbnb
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Property Description
Prime 320sqm Property in Magodo GRA Phase 2 -- With Bungalow, Mini Duplex, and Mini Flat (Airbnb/Shortlet Ready)
Located in the prestigious Magodo GRA Phase 2 Estate, this 320sqm property offers a rare blend of residential comfort and investment potential. Fully fenced and gated, the land currently hosts:
A solid Bungalow
A well-structured Mini Duplex
A self-contained Mini Flat -- currently operating as a shortlet and Airbnb, offering steady income potential.
The property sits on dry, level land and comes with a Certificate of Occupancy (C of O) -- offering peace of mind and secure ownership.
Whether you're an investor seeking shortlet returns, a family looking for a multi-unit residence, or a developer seeking prime land in a secured estate, this property offers unmatched flexibility. It can also be sold strictly as land for redevelopment in one of Lagos' most sought-after neighborhoods.
Property Details
| Property Ref: 2832057 | Added On: 22 Apr 2025 | Last Updated: 22 Apr 2025 |
| Market Status: Available | Type: Detached Bungalow | Bedrooms: 5 |
Interesting Facts
Magodo was originally designed as a Government Residential Area (GRA) for government employees. It is now considered an upscale neighbourhood, with residents from both the middle and upper classes. Living in Magodo gives access to all of the 'good stuff' in Ikeja, such as business and employment opportunities.
Leisure and Shopping
A residential area won't be complete without befitting places to shop for groceries and other household needs.
Popular Estates
Magodo is always highly recommended when looking for residential areas in Lagos. Many Lagosians visit this 'Holy Ground' on a regular basis to stay in the estates available. Unilag Estate is owned by the University of Lagos co-operative, and many of its staff own homes there.
Day Life
Ziggies Lifestyle Arena is a Resort Hotel in Magodo. The restaurant serves a variety of local and continental cuisines. Luglow Essence is a nail salon, wellness centre, and spa. Massages, facials, pedicures, and manicures are all available.
Night Life
Magodo is a great place to unwind after a long day at work. The top floor of Paradox Bar and Grill offers a bird's eye view of the expressway. District 10 is a hip, low-key club with a live band and an excellent DJ.
Schools
Lagos Cambridge School is a sixth-form college that prepares students for effective and high-quality international education. Lolad School provides children with entrepreneurial skills such as fish farming, soap making, hairdressing, and sports. Newfield School employs a broad and balanced curriculum based on the Nigerian and British National Curriculums.
Read the full area guide for Magodo, Lagos.
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