Demolishable Building On 800sqm Of Strategic Land On Offer

Listing title
For Sale --- Demolishable Building on 800 sqm
28 Morocco Road, Shomolu ---
₦300,000,000

Overview
Rare redevelopment opportunity in Shomolu: a demolishable building sited on a substantial 800 sqm parcel at 28 Morocco Road. Offered at ₦300M, this site is ideal for developers, investors or owner‑occupiers seeking a strategically located plot for commercial, residential or mixed‑use redevelopment. The land footprint and street frontage deliver immediate development flexibility in a busy Lagos mainland neighbourhood.

Property summary

- Property type: Existing building (demolishable) on single plot --- ready for redevelopment
- Site area: 800 sqm
- Location: 28 Morocco Road, Shomolu, Lagos
- Asking price: ₦300,000,000 (Three hundred million Naira)
- Title: To be confirmed --- buyer to verify title and chain of ownership during due diligence

Why this site is attractive

- Sizeable urban plot (800 sqm) in Shomolu offers scope for mid‑rise residential apartments, boutique commercial development, serviced apartments or mixed‑use schemes (subject to planning).
- Demolishable building provides a blank‑canvas redevelopment opportunity --- accelerate planning and design without demolition unknowns linked to long‑life structures.
- Well‑positioned within a busy mainland catchment with strong local demand for residential rentals, retail and office space.
- Compelling for developers seeking quick‑turn projects or portfolio investors targeting mainland growth corridors.

Suggested development concepts

- Mid‑rise residential apartment block (flats/terraces) with on‑site parking and communal amenities
- Mixed‑use building with ground‑floor retail/office and residential apartments above
- Serviced apartments or boutique hospitality conversion (subject to local permitting)
- Owner‑occupier redevelopment for corporate HQ with staff parking and landscaped compound

Site & location notes

- 28 Morocco Road is located in Shomolu --- a bustling Lagos mainland neighbourhood with a mix of residential, commercial and light industrial activity.
- Confirm local access routes and proximity to key arteries and transport nodes during inspection and technical appraisal.

Due diligence & recommended checks
Prospective buyers should commission and verify the following prior to commitment:

- Title and ownership documents --- chain of title verification and any encumbrances (ask seller for C of O / Deed of Assignment).
- Certified site survey, boundaries and dimensional verification.
- Local planning/zoning regulations and permissible coverage/height for redevelopment.
- Environmental & geotechnical assessment (if required for larger schemes).
- Utility connections and service availability (power, water, drainage) and likely connection/upgrade costs.
- Any outstanding rates, levies or statutory obligations on the property.

Transaction & sale process

- Viewing: By appointment only for pre‑qualified buyers --- proof of funds requested for access to full documentation.
- Offers: Submit Letter of Intent (LOI) with evidence of funds; shortlisted buyers will be given access to the title and survey documents and invited for inspection.
- Sale mechanics: Standard conveyancing applies --- buyer to instruct solicitors for searches and completion; costs such as legal fees and stamp duty borne by buyer unless otherwise agreed.

Value & investor appeal

- Immediate redevelopment opportunity in a tightly held mainland market --- potential to unlock significant value through redevelopment or repositioning.
- Suitable for developers looking for near‑term projects with strong rental/resale prospects in Lagos mainland.

Important note
All information is provided in good faith and should be independently verified. Title status currently to be confirmed --- prospective buyers should conduct full legal and technical due diligence prior to exchange.


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: Nnedu