500 Acres After Reclaim Plot
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Property Description
*Big Ticket Investment*
*Magodo land for reclamation*
. *400 - 500 acres for reclamation*.
*The minimum value after reclamation is 150 million*
*They are granting 30 percent to the investors* *700 sq mtrs now in Magodo is about 350 million while 500 sq mtrs is 250 million*
.*We can even sell this one above 150million mark*
*Royalty ( owo iwoko) is 350 million* *Tiitle* :-supreme court judgement
*Size to be granted* :-400-500 acres.
*Royaly* :-350m. . *Sharing Ratio* :30% to the investor. Land-value:200m per plot.
*Pictures and documents available to serious* *investors* .
*AGENCY FESS #40M & 10% LAND FROM INVESTOR*
Property Details
| Property Ref: 2094352 | Last Updated: 17 Apr 2024 | Market Status: Available |
| Type: Residential Land |
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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