For Sale: 57 Rooms Functioning Hotel, Off Allen, Ikeja, Lagos | Nigeria Property Centre (Ref: 1390382)

57 Rooms Functioning Hotel

  • 57 Rooms Functioning Hotel, Off Allen, Ikeja, Lagos, Hotel / Guest House for Sale
  • 57 Rooms Functioning Hotel, Off Allen, Ikeja, Lagos, Hotel / Guest House for Sale
  • 57 Rooms Functioning Hotel, Off Allen, Ikeja, Lagos, Hotel / Guest House for Sale
  • 57 Rooms Functioning Hotel, Off Allen, Ikeja, Lagos, Hotel / Guest House for Sale
  • 57 Rooms Functioning Hotel, Off Allen, Ikeja, Lagos, Hotel / Guest House for Sale
  • 57 Rooms Functioning Hotel, Off Allen, Ikeja, Lagos, Hotel / Guest House for Sale
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Property Description

DIRECT SALES
2 WINGS BUILDING FULLY FUNCTIONING HOTEL FOR SALE

INTRODUCTION

57 rooms fully functioning Hotel and is situated in the heart of Ikeja business district, in a quiet residential area

off Toyin Street Ikeja Lagos, about 2 kilometres from the International and Local Airports.

INVESTMENT HIGHLIGHTS

Potential to rebranding and repositioning opportunity. Corner piece property bordering 3 streets on 2400SQM
A profitable asset with considerable potential to improve the trading performance
Extremely well connected for access. 10 minutes drive from airports.

Year End December

2013 =76% Occupancy
2014 = 79% Occupancy
2015 = 76% Occupancy
2016 = 80% Occupancy

Forecast

THE PROPERTY is accessed through residential area in Emina Crescent which leads to a courtyard with appropriately 25 car parking spaces.

*FEATURES*

The property has two receptions which comprise front desk as well as general manager and admin offices to the right and a stair case immediately to the left. Each of the buildings has an individual entrance with stairs to all floors.

The conference hall seats 120 to 150 people and there is restaurant and bar. WIFI is provided through out
The laundry is located in a separate building and services the entire rooms with towels and linens

DEVELOPMENTAL POTENTIAL

Subject to planning, there is the potential to add up additional building and swimming pool by utilising the space in front of admin office.


EXTERNAL AREAS
The property has approximately 25 car parking spaces on 2400SQM

THE BUSINESS
The profitable and very well located business has considerable potential to improve the trading performance by way of repositioning the asset and reducing operational costs.
The business benefits from both International and local airports and other corporate clients and walk in guests. Our list of corporate clients include international organisations like the NGO's etc.
It is easily accessible due to its location in the heart of Lagos.

TENURE
Freehold C of O 2003

FIRE RISK ASSESSMENT
We understand that the property complies with the Regulatory Reform (Fire Safety) order 2010

PRICE
Offers in the region of N1, 500,000,000.00(ONE BILLION FIVE HUNDRED MILLION NAIRA ONLY) ONO

VIEWING
Viewing is strictly by prior appointment.
Please contact:08032222501


Property Details

Property Ref: 1390382Added On: 19 Jul 2022Last Updated: 01 Aug 2022
Market Status: AvailableType: Hotel / Guest House   

Interesting Facts

Ikeja is home to the biggest Information Communications Technology market in Africa; Computer village. Muhammed International Airport is also located in Ikeja. The legendary Fela Anikulapo Kuti lived and still has all his belongings in his house which has been converted into a museum.

Leisure and Shopping

Ikeja is home to the largest mall on the Lagos mainland. The Ikeja City Mall, also known as ICM, is Nigeria's busiest shopping mall. Within the mall, there are numerous clothing stores, restaurants, book stores, lounges, cinemas, and other notable fun destinations.

Popular Estates

The quality of the estates in Ikeja will blow your mind. Living within most of them means that you'd be living in the same area as highly respected government parastatals. Awuse Estate, Alausa Royal Estate, Orchid Court Estate and Brown's Court are some of the best examples.

Day Life

Fela Kuti's former home, the Kalakuta Republic Museum, is a great place to learn about the musician while he was alive. The Silverbird Cinema at ICM and Viva Cinemas at Jara Shopping Mall both have recently released films. Ikeja's many parks are ideal for picnics, hangouts, get-togethers, and group meetings.

Night Life

The New Afrika Shrine is an open-air entertainment centre where Fela Kuti's children perform. Rumors nightclub, Cubana, Crescendo bar, Carlsbad Lounge and nightclub, Club Invogue, Club Uno, and Liquid Lounge are some of the clubs available.

Schools

Schools in Ikeja have consistently ranked in the top positions over the years, thanks to excellent learning infrastructure and experienced teachers. Many of them adhere to the British educational system, which draws international students. Ikeja is also home to Nigerian Police Training School, the Nigerian Police College, and the Nigeria Police Training College.

Read the full area guide for Ikeja, Lagos.

Interested in this property?

Call 0803 XXXX Show Phone
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