Land With Existing Old Duplex
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Property Description
Prime Development Plot For Sale at Greenland Estate, Olokonla
Expressway-Facing Position With Existing Duplex Gazetted Title ₦165M Asking (₦150M Net)
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Property Overview
- Property Type: Land with Existing Old Duplex
- Location: Greenland Estate, Olokonla, Ajah Lagos
- Position: Directly facing interlocked road - Just one plot away from expressway
- Price: ₦165,000,000
- Title: Gazetted
- Condition: Existing old duplex -- ideal for redevelopment
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Key Highlights
- Prime Expressway Access: Just one plot from the main expressway -- excellent visibility and accessibility
- Road Facing Position: Direct frontage on interlocked road within the estate
- Redevelopment Opportunity: Existing structure can be renovated or demolished for new development
- Clear Title: Gazetted documentation for secure ownership transfer
- Build & Sell Potential: Perfect for developers looking for quick turnaround projects
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️ Development Potential
- Luxury Duplex Development: Build modern 4-5 bedroom duplexes
- Terrace House Project: Multiple units facing the interlocked road
- Compound Development: Several units on the spacious plot
- Renovation Option: Update existing duplex for immediate rental income
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Location Advantages
- Strategic Position: Greenland Estate, Olokonla -- rapidly developing area
- Expressway Proximity: Easy access to major transportation routes
- Estate Benefits: Planned community with basic infrastructure
- Growing Neighborhood: Increasing property values in the corridor
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Investment Analysis
- Asking Price: ₦165,000,000
- Net Price: ₦150,000,000
- Development Potential: High ROI for build-and-sell projects
- Market Demand: Strong demand for new developments in Olokonla area
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Perfect For
- Property Developers
- Build-and-Sell Investors
- Construction Companies
- Real Estate Entrepreneurs
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Urgent Sale Opportunity
This prime plot offers exceptional development potential in a growing estate with expressway access.
Key Advantages:
- Gazetted title for smooth transaction
- Existing structure provides immediate options
- Prime positioning within the estate
- Priced for quick sale at ₦150M net
Contact immediately for:
- Site inspection
- Title verification
- Development feasibility discussion
- Price negotiation
Don't miss this build-and-sell opportunity in Greenland Estate!
Ideal for developers seeking high-return projects in emerging locations.
Property Details
| Property Ref: 3175599 | Added On: 29 Oct 2025 | Last Updated: 29 Oct 2025 |
| 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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Disclaimer
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No 60 Chris Idowu Street Ejigbo Isolo, Isolo, Lagos, Nigeria
0803 XXXX Show Phone
08036503218
Registered 2 months ago
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