Distress Sale: 2 Prime Residential Plots in Durumi, Abuja

Distress Sale: 2 Prime Residential Plots in Durumi, Abuja - 1
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Price Analysis Above Market

Based on 1919 similar listings

Market Demand

High Demand

Details

Type
Residential Land
Title
Right of Occupancy
Address
Durumi, Abuja
Agent Fee
₦ 5
Listing by
Agent
Property Use
Residential
Square meters
3,173 sqm
Type of Purchase
Outright Price

Distress Sale: 2 Prime Residential Plots in Durumi, Abuja Highlights

  • Prime Residential Location: Durumi is a well-established residential district in Abuja, known for its accessibility and proximity to essential services. It offers a desirable living environment for families and professionals.
  • Generous Plot Size: A plot of this size offers ample space for constructing a substantial family home, including potential for landscaping, a garden, or additional structures. It allows for flexible architectural designs.
  • Residential Zoning: Properties zoned for residential use are designated for housing. This ensures a neighborhood primarily focused on living, contributing to a quieter and more stable community.
  • Right of Occupancy Title: A Right of Occupancy (R of O) is a common land title in Nigeria, granting the holder the right to occupy and use land for a specified period. It is a recognized form of land ownership.
  • Outright Purchase Option: Purchasing a plot outright means you acquire full ownership without the need for financing or installment payments. This provides immediate control and flexibility over the property.

Description

• Two prime residential plots, 3,173sqm and 3,153sqm, located directly opposite each other in a strategic area of Durumi, Abuja. • Both plots possess a Right of Occupancy (R of O) title. • Certificate of Occupancy (C of O) has been fully paid and receipted for both plots. • Ideal for residential development, offering significant space for a large home or multiple units. • Situated in a well-regarded and developing part of Durumi, known for its accessibility. • The combined land area provides substantial potential for a discerning buyer. • Distress sale price of ₦550 Million for both plots.

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Distress Sale: 2 Prime Residential Plots in Durumi, Abuja
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TypeResidential LandResidential LandCommercial Land
TitleRight of OccupancyCertificate of Occupancy, Deed of Assignment, Power of Attorney, Sale AgreementCertificate of Occupancy
AddressDurumi, AbujaBehind shalom estate & after Mshel clover estateMarwa
Agent Fee₦ 5—₦ 250,000,000
Listing byAgentOwnerAgent
Property UseResidentialResidentialCommercial
Square meters3,173 sqm180 sqm2,560 sqm
Type of PurchaseOutright PriceOutright PriceOutright Price
Price₦ 5,500,000,000₦ 4,000,000,000₦ 4,500,000,000