Distressed 2 Plots Of Land On Offer
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Property Description
FOR SALE
Distressed Sale --- Two Plots of Land Along Gbagada Express Road, Gbagada
₦150,000,000 per plot (Registered Title)
Price & Title
- Asking price: ₦150,000,000 per plot (One Hundred and Fifty Million Naira)
- Title: Registered Title --- free from dispute and without encumbrance of any kind. Originals available for verification.
Location & availability
- Location: Along Gbagada Express Road, Gbagada --- strategic frontage/access to a major Lagos corridor.
- Availability: Immediate sale --- motivated seller (distressed sale) seeking quick completion. Viewings and document inspections by appointment.
Property overview
Two adjoining plots positioned along Gbagada Express Road offering strong development or investment potential. The plots are being offered individually at ₦150M each. Clean, registered title and explicit confirmation that the land is free from dispute and encumbrance provide a secure acquisition for developers, investors or end‑users aiming to capitalise on the area's accessibility and growth.
Key features
- Title: Registered Title --- clear, transferable and available for verification.
- Condition: Free from dispute and without any encumbrance of any kind.
- Location benefits: Direct exposure to Gbagada Express Road --- high visibility, good transport links and proximity to commercial/residential nodes.
- Sale format: Individual plot sale at ₦150M per plot; preference for quick close due to distressed sale status.
- Suitability: Commercial development, residential estate linkage, mixed‑use investment, or long‑term land bank.
Land particulars
- Number of plots: Two (2) separate plots available.
- Plot sizes & boundaries: Exact dimensions, survey plan and plot demarcations available on request and during inspection.
- Access & frontage: Direct access along Gbagada Express Road (verify exact frontage dimensions during site visit).
Investment appeal
- Attractive pricing relative to location --- priced for immediate sale to a motivated buyer.
- Ready title and clear status significantly reduce acquisition legal risk and accelerate transaction timelines.
- Versatile end‑uses: commercial outlet, service station/convenience retail, residential development or parcel aggregation for larger projects.
- Immediate value‑add potential for developers who can mobilise quickly.
Recommended buyer profile
- Property developers and real estate investors with capacity for short‑term acquisition and mobilisation.
- Owner‑occupiers and businesses seeking strategic frontage off Gbagada Express Road.
- Investors seeking secure land‑banking opportunities on the Lagos mainland.
Due diligence & documentation available
- Registered Title --- original documents available for inspection under customary verification.
- Survey plan and boundary description --- available on request.
- TDP / site particulars --- available to qualified buyers during due diligence.
- Confirmation of no disputes or encumbrances --- seller affidavit and available documentation.
Due diligence checklist (recommended)
- Verify Registered Title and chain of ownership (land registry search).
- Inspect survey plan and conduct boundary/site verification on location.
- Confirm access rights, road setbacks, drainage easements and any statutory planning restrictions.
- Undertake environmental/basic site assessment (if required for intended use).
- Legal verification: check for any outstanding rates, charges or third‑party claims.
Viewing & sale process
- Viewings and document inspection by appointment only; proof of funds or bank reference required to arrange inspection.
- Interested buyers to submit written expression of interest (EOI) and proof of funds for shortlisting.
- Heads of terms and deposit to be agreed with successful buyer; sale to be completed with professional legal documentation and transfer at the Land Registry.
Transaction notes
- Price is per plot: ₦150,000,000. Offers will be considered on a first‑qualified basis --- motivated seller seeks prompt completion.
- Standard sale process applies: issuance of receipt for payment, execution of deed of assignment/transfer, and registration at the Land Registry. Legal representation and verification are advised.
Legal & disclaimer
All information provided is subject to verification. Prospective buyers are required to perform their own legal, technical and financial due diligence. Title, price and availability may change without notice.
Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
*PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES
Ref: Akute
Property Details
| Property Ref: 3147663 | Added On: 14 Oct 2025 | Last Updated: 15 Oct 2025 |
| Market Status: Available | Type: Land | Total Area: 1,200 sqm |
Interesting Facts
A reputable football club was formed in Gbagada. The club, formerly known as Gbagada FC, was founded in 2013 and evolved from an evening pastime for people to relax after work to a standard football club, now known as the Blue Eagles.
Gbagada is one of the best places to live in Lagos. It is right next to the popular Third Mainland Bridge, which connects the mainland to the island. The Third Mainland Bridge is currently the longest in Lagos and Nigeria.
Because of Gbagada's location, the mainland can be reached via the Gbagada-Oworonsoki expressway and the island via the Third Mainland Bridge.
Leisure and Shopping
Shopping in Gbagada has become more convenient for its residents, thanks to the abundance of stores in the area. There are a variety of places to shop in Gbagada, whether you want to go to the supermarket yourself or want home delivery services.
The Home Affairs Store is the place to go for all of your daily needs and more. Shop City Supermarket is a mini-mart for residents of Gbagada and surrounding areas. The PEP Store has several locations throughout Lagos. They sell reasonably priced children's and adult clothing. De Prince Supermarket has a wide range of foodstuffs to stock your home.
Popular Estates
Gbagada Phases 1 and 2 are both safe and peaceful estates with a thriving community of peaceful residents. Gbagada is primarily a residential area, so you will be able to find great estates that suit both your taste and your budget. Residents and visitors who are unable to walk have the option of taking commercial motorbikes, tricycles, or taxis in Gbagada Phase 2.
Medina Estate has beautiful buildings and great layouts, while Atunrase Estate is another highly recommended estate to live in. The estate also has a pharmacy, schools, churches, mosques, and shops, so you will not have to travel far to get basic household items, medications, and services. You avoid the suffocating Lagos traffic and get everything you need within the estate.
Day Life
You can trust Gbagada to have amazing places for you to experience its day-to-day life. They are available at KFC. If you want your Nigerian meals in a posh bukka style, order from a variety of meals at Bukka Hut.
After eating, you can unwind at Alao, also known as Bashorun Park. The park has a multipurpose field where you can play games, have picnics, hang out, and throw small parties. It is family-friendly and open to the public.
If you enjoy sports, you can also visit Gbagada Tennis Club, Araromi Youth Development Centre, Chevron Recreational Centre, and IBB Sports Centre.
Night Life
Looking for a good place to unwind at night and listen to music while eating and drinking? Do not be concerned. Gbagada has a plethora of them.
Southpaw Lounge, Wise Ken Limited, The Boardroom Bar and Lounge, Orange Xclusive Lounge, and Ultimate Bar are just a few examples.
Orange Xclusive Lounge and some of the other lounges/bars serve barbeque catfish, grilled fish, and other dishes. If you enjoy peppered goat meat, Wise Ken Limited sells asun.
Schools
You do not have to be concerned about schools for your children if you live in Gbagada. There are a sufficient number of schools with adequate learning facilities for your children.
Corona School, which is 66 years old, is an elementary school with a team of highly qualified, committed, passionate, and experienced teachers. It is set in a tranquil setting with lovely gardens, all of which contribute to the students' learning.
Other primary schools include El-Bethel Nursery and Primary School, Estaport Schools, Prime Rose Montessori School, Tots n Cots School, and Gemseed Children Academy among others.
Read the full area guide for Gbagada, Lagos.
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Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by The Build Centre Properties. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
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21 Mojidi Street, Ikeja, Lagos, Nigeria
0902 XXXX Show Phone
+2347049744444
Registered 1 year ago
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