Key details

Type

Residential Land

Title

Deed of Assignment

Address

Ikorodu

Listing by

Agent

Property Use

Residential

Square meters

640 sqm

Type of Purchase

Outright Price

Development Status

Partially Developed

10 Mini Flats Foundation - Distress Sale, Adamo, Ikorodu Highlights

• Prime Residential Location — This property is situated in a developing area, offering potential for future growth and community building. Proximity to essential services and transportation links is a key consideration for residential plots.
• Generous Land Size — The plot offers a substantial area, providing ample space for the construction of multiple units or a larger single dwelling. This size allows for flexible design and landscaping options.
• Foundation Level Development — With the foundation laid, this property is past the initial groundwork stage. This signifies a significant step in the development process, reducing the time and effort needed for further construction.
• Established Title Documentation — A Deed of Assignment indicates a legal transfer of property rights. Buyers should verify the specifics of the assignment to ensure clear ownership and title.
• Potential for Residential Use — Zoned for residential purposes, this land is suitable for building homes or multi-unit dwellings. Understanding local zoning regulations is crucial for any development plans.

Description

• Full plot (approx. 60x120 ft / 640 sqm) with foundation laid for 10 mini flats. • Located in a fast-developing area of Adamo, Ikorodu, with graded roads. • Ideal for investors looking to complete an ongoing project for rental income. • Property is suitable for residential development and rental investment. • Documents include Family Receipt & Deed. • Distress sale price offers an opportunity to acquire land and existing foundation.

Compare