Key details

Type

Mixed-use Land

Title

Deed of Assignment, Customary Ownership

Address

Rolu Estate Parafa by Hypo

Facilities

Water Supply, Electric Supply, Car Parking

Listing by

Agent

Access Road

Unpaved Road

Property Use

Mixed

Square meters

50 sqm

Type of Purchase

Outright Price

Development Status

Partially Developed

50sqm Plot with 1 Bedroom Foundation, Parafa Highlights

• Mixed-Use Zoning Potential — This type of land is often zoned for a combination of residential and commercial activities. It offers flexibility for various development projects, from a home with a small business to multi-purpose structures.
• Foundation for Future Development — The presence of a foundation indicates that initial construction work has begun. This can significantly reduce the time and cost for future building projects on the plot.
• Access to Utilities — Properties in developed areas typically have access to essential utilities like water supply and electricity. This is crucial for any construction and for the eventual usability of the land.
• Established Neighborhood Features — Areas with existing infrastructure like water and electric supply often benefit from established neighborhood features. This can include proximity to local markets, schools, and transportation routes.
• Road Access Considerations — While the road may be unpaved, its existence signifies accessibility. Buyers should consider the condition of the access road and potential for improvement for easier vehicle movement.

Description

• A 50sqm plot of land situated in a developed community. • Includes a foundation for a 1-bedroom flat. • Located in Parafa Idi Orogbo village, accessible via Ikorodu Itoikin Road. • Within walking distance to CAC bus stop. • The property benefits from existing water and electric supply infrastructure. • Features a partially developed status with an unpaved access road. • Title includes Deed of Assignment and Customary Ownership.

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