Hostel for sale
30-Room Functional Hotel Property
Property Details Property: 30-Room Functional Hotel Location: Directly on Adetokunbo Ademola Street, Victoria Island, Lagos Land Size: 1,800 SQM Asking Price: ₦10 Billion Transaction: Sale Title: Certificate of Occupancy (C of O) Status: Functional Hotel Inspection: Subject to confirmation of a qualified prospective buyer zahari view a 30-room functional hotel positioned directly on Adetokunbo Ademola Street, Victoria Island, Lagos, offering an opportunity to acquire an existing hospitality asset in a prominent commercial and business district. The property sits on approximately 1,800 SQM of land, providing buyers with an opportunity to assess both the existing hotel operation and the underlying real estate. Unlike a vacant development site, this property presents an existing hospitality asset that can be evaluated based on its current configuration, physical condition, operational records and long-term potential. The direct position on Adetokunbo Ademola Street is a key property characteristic and should be assessed alongside accessibility, surrounding developments, planning regulations and the property's permitted use. Key Property Highlights 30 functional hotel rooms Approximately 1,800 SQM land size Directly on Adetokunbo Ademola Street Victoria Island, Lagos Existing hospitality operation C of O title Suitable for investors and hospitality operators Potential for future redevelopment assessment, subject to planning regulations Inspection available subject to qualification and confirmation WHY this property deserves attention The opportunity combines an existing hotel operation with a sizeable landholding in Victoria Island. For a hospitality investor, the existing 30-room configuration provides a starting point for evaluating the operational side of the asset. Buyers can review the hotel's current condition, room configuration, operating history and revenue performance as part of their acquisition assessment. At the same time, the 1,800 SQM landholding means the underlying real estate deserves separate consideration. Depending on applicable planning regulations and approvals, a purchaser may evaluate whether the existing use should be maintained, upgraded or considered as part of a longer-term redevelopment strategy. The property's direct frontage on Adetokunbo Ademola Street is another important consideration when assessing accessibility, visibility and potential commercial relevance. Hospitality & Development Perspective a hotel acquisition should be assessed from two connected perspectives: the operating business and the real estate asset. For the hotel operation, prospective buyers should review historical occupancy, room rates, revenue, expenses, staffing, maintenance requirements and other relevant operating records. For the underlying property, buyers should examine the title, survey, building approvals, land use, development controls, setbacks, permissible density and other planning requirements. The 1,800 SQM site may also warrant a longer-term redevelopment assessment. However, any proposed redevelopment should be treated as a possibility requiring confirmation through the relevant planning authorities rather than an assumed development right. Investor's due-diligence note Before committing funds, serious buyers should independently verify: C of O and underlying title Ownership and authority to sell Survey plan and exact land boundaries Building approvals and planning documentation Current land-use designation Hotel licences and regulatory requirements Existing hotel operating records Occupancy and revenue history Operating expenses and outstanding obligations Physical condition of the building Equipment, furniture and fixtures included in the transaction Existing contracts or agreements Encumbrances, if any Potential redevelopment parameters and planning restrictions a full physical, legal, financial and technical inspection is recommended before proceeding. Inspection policy Pictures and videos are not currently in circulation. To protect the privacy and security of the property, inspection is subject to confirmation of a qualified prospective buyer. Interested parties should contact Zahari Properties to discuss qualification and inspection arrangements. Documentation Title: Certificate of Occupancy (C of O) The stated title should be independently verified through the appropriate legal and property due-diligence process. Asking price ₦10,000,000,000 This opportunity is available for serious investors, hospitality operators and qualified buyers seeking an existing hotel asset with an underlying landholding in Victoria Island. Property intelligence beyond the listing At Zahari Properties, we believe that commercial property acquisition requires more than reviewing the asking price. For an operational hotel, buyers should understand both how the business currently performs and what the underlying property represents. Proper due diligence can help establish the condition of the asset, the strength of its documentation, the operational position of the hotel and the parameters for any future development strategy. For Enquiries & Inspections +234 803 384 8156 +234 907 301 3359 www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information, pricing, availability, operational status and documentation are subject to verification. Prospective buyers should conduct independent legal, financial, technical and physical due diligence and confirm all applicable planning and regulatory requirements before completing any transaction.
