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Hotel / guest house for sale
22 Bedroom Furnished Hotel or Guesthouse
Olarewaju Ariyibi Crescent Off Isheri Road, Igando, Ikotun, Lagos
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Listing Title:
Hotel For Sale --- 22‑Room Furnished Hotel/Guesthouse with Restaurant & Bar --- Igando‑Isheri Road (Near Hotel & Odo Eran Bus Stops)
Price: ₦200,000,000 (Not Negotiable)
(VIDEO AVAILABLE)
Overview:
Rare investment opportunity to acquire a fully furnished 22‑room hotel located on Igando‑Isheri Road, Akowonjo. The property is being offered as a going concern (turnkey hospitality business) or as development land with demolishable structures --- flexible for an investor, operator or developer. Well‑appointed guest rooms, F&B outlet(s), substantial plant & equipment and robust back‑up power make this a high‑value, immediately revenue‑generating asset in a prime commuter location.
Key Details
- Property type: Hotel / Hospitality asset (or development land if buyer chooses demolition)
- Rooms: 22 guest rooms --- fully furnished
- Additional assets: Restaurant & indoor bar; open‑air bar/entertainment area
- Plant & equipment included: beds, fridges, air conditioners, furniture, fittings, kitchen equipment (sold with property)
- Power backup: 30 kVA sound‑proof cat generator + 3.5 kVA fuel generator
- Title / Documentation: Survey and Deed of Assignment (available for inspection)
- Location: Igando‑Isheri Road, Akowonjo LG --- close to Hotel bus stop and Odo Eran bus stop
- Price: ₦200,000,000 (Fixed)
- Sale basis: As a going concern or as development land (buyer to confirm intended use)
Property Features & Fit‑Out
- 22 fully furnished rooms ready for immediate operation (inventory and room mix available on request)
- Functional restaurant and indoor bar configured for hotel guests and external patrons
- Open space bar/entertainment area suitable for events, social nights and extra F&B revenue
- Commercial kitchen equipment and cold‑storage included
- Air conditioning installed in guest rooms and key common areas
- Secure compound with parking and ease of access for guests and deliveries
- Strong plant: 30 kVA sound‑proof cat generator for reliable power; 3.5 kVA generator for light loads/standby
Location & Market Advantages
- Prime roadside location on Igando‑Isheri axis --- high visibility and easy access for road users and inter‑community travellers
- Close to major bus stops (Hotel & Odo Eran), increasing walk‑in traffic and patronage
- Good catchment of business travellers, local tourists, contractors and commuter demand along the corridor
- Proximity to residential estates, road networks and commercial activity supports steady occupancy and F&B patronage
Business & Investment Appeal
- Turnkey hospitality business --- immediate revenue potential with existing physical assets and operational fit‑out
- Asset can be held as an income producing property or redeveloped into higher value uses (residential, mixed‑use or larger hospitality product) subject to planning approvals
- Included equipment reduces capex for a new operator and accelerates time to trading
- Generator capacity provides resilience in an area where reliable power supply is a competitive advantage
Title, Documents & Due Diligence
- Documents available: Survey and Deed of Assignment --- originals to be made available to serious buyers
- Recommended buyer due diligence:
- Verify Survey & Deed of Assignment at Land Registry
- Confirm any outstanding rates, taxes or levies
- Check business licences, health/fire safety certificates, and food service permits (if operating)
- Inspect plant & equipment inventory and condition schedule
- Review financials (if acquiring as a going concern): occupancy, revenues, operating costs and staff contracts
- Physical inspection of building fabric, roof, plumbing, electrical and generator servicing records
Price & Terms
- Price: ₦200,000,000 (Two Hundred Million Naira) (Not Negotiable_
- Price quoted for sale of property and included fixtures/contents as listed; final terms negotiable for credible/ready buyers
- Buyer to bear customary acquisition costs (legal fees, stamp duty, transfer fees) unless otherwise agreed
- Proof of funds required before full document release and accompanied viewings
Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed nda.
Serious proposals only.
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Ref: Blue Ivy
Property details
Reference ID#309-096-3
Listed byThe Build Centre Properties
Property typeHotel / Guest House
Listing statusHotel / guest house for sale
Bedrooms22
Bathrooms22
Toilets24
Parking spaces12
Plot size1,200 m²
FurnishingFurnished
Area guide — Ikotun
Lagos
Interesting Facts
Ikotun hosts West Africa's most visited religious tourism site; The Synagogue Church of All Nations and is home to one of Lagos state's largest marketplaces; Ikotun Market. The popular Nigerian singer and songwriter, Ade...
Leisure and Shopping
Ikotun Market is one of the largest markets in Lagos State and is available to cater to the shopping needs of its residents. KAF Mall, Twins Faja Supermarket and Sengabis Supermarket are indoor shopping options within th...
Popular Estates
Given the large population of people that reside in Ikotun, it would be absurd if there were not enough housing alternatives in the vicinity. Peace Estate, as the name suggests, is a very serene option whereas Adams and...
Day Life
Ikotun is a wonderful area to visit if you want to unwind. Watch a movie at Filmworld Cinemas, cool off at the pool in Brainfield Event Centre, dine at Food City and Dominos Pizza or enjoy ice cream at Coldstone Creamery...
Night Life
Even at night, Ikotun bustles with activity. Popular nightlife spots include Ace Lounge, The Place, Club Hardrock, and The Leo Club.
Schools
Crestview International Schools, which includes a crèche, nursery, primary, and secondary school, is one of the most well-known schools in Ikotun. Other prominent schools in the area include Fortune Private Schools, Soli...
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars. The information is provided and maintained by The Build Centre Properties. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
22 Bedroom Furnished Hotel or GuesthouseIkotun, Lagos
₦200M
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