A Standard, Vacant Land
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Property Description
*Joint Venture Opportunity in Magodo GRA Phase 1 Estate, Lagos*
Semi
*Location:* Plot C1 & C2,Magodo GRA,Phase 1 Estate, Lagos
A prime, highly sought-after location with excellent development potential.
*Land Size:*
1,200 sqm (100 dry & centrepiece).
*Land Value* : 800m.
*Title* Supreme Court Judgement.
*Sharing Formula:*
Developer: 50% (build what he/she likes).
*Landowner:* 50% (4 terraces on 600 sqm)
*Facilitator's Fee:*
10% of the land value of the land.
Survey available for serious developer.
*Required Procedures:*
1. Letter of Intent from the interested developer/investor.
2. Company Proposal detailing development plan and ROI structure.
3. Letter of Acceptance acknowledging the facilitator's 10% fee.
For more details or site inspection, kindly reach out to begin discussions.
This is a strategic investment opportunity for serious developers.
#Rokeebat#~Ola(BL)
Property Details
| Property Ref: 2966691 | Last Updated: 11 Jul 2025 | Market Status: Available |
| Type: Residential Land | Total Area: 1,200 sqm |
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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