10 Plots Of Land In Monastery Road, Shoprite Axis, Ajah, Lagos
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Property Description
Prime Commercial Land For Sale on Monastery Road, ShopRite Axis, Ajah, Lagos
10 Plots Sharing Fence Directly with ShopRite Facing Monastery Road ₦1.8 Billion Total ₦150M Net per Plot (Minimum 2 Plots)
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Property Overview
- Location: Monastery Road, ShopRite Axis, Ajah, Lagos.
- Land Size: 10 plots (exact SQM per plot to be confirmed -- typically 300--450 SQM in this corridor).
- Key Feature: Directly sharing a fence with ShopRite Ajah -- one of the busiest retail anchors in the area.
- Frontage: Facing Monastery Road (high visibility and easy access).
- Title: Expected to be a strong estate title or C of O (verify with seller).
- Total Asking Price: ₦1,800,000,000 (for all 10 plots).
- Minimum Purchase: 2 plots at ₦150,000,000 net per plot.
- Status: Prime commercial land, ready for development.
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Key Highlights
- ShopRite Adjacency -- Unbeatable Foot Traffic: Sharing a fence with a major retail anchor guarantees constant visibility, high customer flow, and a proven commercial ecosystem.
- Monastery Road Frontage: A well‑known thoroughfare in Ajah, connecting the expressway to dense residential neighborhoods.
- Flexible Purchase Options: You can buy 2 plots (starting at ₦300M net) or the entire 10‑plot portfolio (₦1.8B) -- ideal for different scales of investment.
- Versatile Commercial Zoning: Suited for businesses that thrive on high visibility and proximity to a mall.
- Net Price Per Plot: ₦150M net (no hidden fees) provides clarity and ease of transaction.
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️ Development Potential
This land is purpose‑suited for:
- Event Centre / Banquet Hall -- Capture mall‑generated traffic and events.
- Commercial Plaza / Mini Mall -- Complement the existing ShopRite with retail, fast‑food, or services.
- Hotel or Serviced Apartments -- High demand from travelers and business visitors.
- Medical or Diagnostic Centre -- Visible and accessible location.
- Showroom or Auto Dealership -- High‑impact branding on a busy road.
- Restaurant & Entertainment Complex -- Attract evening and weekend crowds.
- Office or Co‑working Space -- Convenient for professionals.
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Location Benefits
- Ajah Commercial Hub: Monastery Road/ShopRite axis is one of the busiest commercial nodes in the Lekki‑Ajah corridor.
- Proximity to Lekki‑Epe Expressway: Easy access from the expressway, drawing customers from Ajah, Sangotedo, Abraham Adesanya, and beyond.
- Established Neighbors: ShopRite, other retail outlets, banks, and eateries already drive significant daily activity.
- Residential Density: Surrounding estates and residential areas ensure a constant local market.
- Future Growth: The Ajah corridor continues to develop with new housing and infrastructure.
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Investment Value
- Total Asking Price (10 plots): ₦1.8 Billion.
- Price per Plot (minimum 2): ₦150 Million NET.
- Market Context: Land directly adjacent to a ShopRite in Ajah commands a premium due to proven commercial viability. At ₦150M per plot, this is a competitive entry point for a high‑visibility, high‑traffic location.
- Rental Yield Potential: A commercial plaza, event centre, or hotel on this site can generate strong returns from day one.
- Capital Appreciation: As Ajah matures, land values in this prime micro‑location will continue to rise.
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Sale Opportunity
A rare chance to own land that literally shares a fence with one of Lagos's busiest supermarkets. Perfect for developers, business owners, or investors looking for immediate commercial potential and long‑term value.
Ideal For:
- Commercial real estate developers.
- Event centre and hospitality investors.
- Retail and food & beverage brands.
- Medical and educational service providers.
- Land banking with a short‑to‑mid‑term development plan.
Purchase Flexibility:
- Minimum: 2 plots at ₦150M net each.
- Full portfolio: 10 plots at ₦1.8B.
Sharing a fence with ShopRite + Monastery Road frontage = commercial gold.
Net pricing -- serious buyers only. Deal direct.
Property Details
| Property Ref: 3522715 | Added On: 11 Jun 2026 | Last Updated: 11 Jun 2026 |
| Market Status: Available | Type: Commercial 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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