Mixed Use Property With 37 Flats + 7 Shops

FOR SALE- WATCH VIDEO ABOVE
COMMERCIAL / MIXED‑USE PROPERTY FOR SALE ---
ABARANJE (TARRED ROAD)
Title: Prime Corner Property with 35 Flats & 7 Shops ---
Ideal for Hotel, Hospital or Residential Redevelopment

PROPERTY SUMMARY

- Building: 35 self‑contained flats and 7 ground‑floor shops on a prominent corner piece.
- Land Size: 2 standard contiguous plots --- approx. 2 × 50 ft × 100 ft ≈ 929 sqm (approx. 464.5 sqm per plot). Exact area per the REGISTERED SURVEY available on request.
- Location: Abaranje --- directly on a tarred road with excellent vehicular access and street visibility.
- Title & Documents: Registered survey and official receipt in hand.
- Ownership: Owner alive and ready to transact --- sale can proceed quickly.
- Asking Price: ₦270,000,000
- Net Price (after fees/commission): ₦260,000,000

STRATEGIC ADVANTAGES

- Corner frontage on a tarred road giving dual-street access, excellent signposting and high footfall.
- Existing built asset (35 flats + 7 shops) provides immediate rental income or can be demolished/redeveloped for higher value.
- Registered survey reduces title risk and expedites due diligence and closing.
- Flexible redevelopment options --- suitable for hospitality, healthcare, large residential scheme, or mixed commercial use.

IDEAL USE CASES

- Hotel / Guest House: Convert flats into rooms/suites; shops for F&B, reception or retail.
- Hospital / Clinic: Ample floorspace for wards, consulting rooms, labs and pharmacy.
- Residential Redevelopment: Redevelop into modern apartments, serviced flats or gated units.
- Mixed Commercial: Ground-floor retail with residential or office floors above.

INVESTMENT HIGHLIGHTS

- Scale: Large footprint (~929 sqm) in a single contiguous holding --- rare in Abaranje.
- Income & Value-Add: Maintain current rental stream while redeveloping in phases for minimal vacancy loss.
- Marketability: Corner plots on tarred roads command premium rents and faster tenancy absorption.
- Transaction readiness: Registered survey + receipt and an owner prepared to sell facilitate a smoother transaction.

ADDITIONAL INFORMATION (AVAILABLE ON REQUEST)

- Tenancy schedule and current rental income statement
- Photographs, floor plans and condition report
- Certified exact sqm from the registered survey
- Copies of title documents and payment receipts
TAGS
#Abaranje #CornerPlot #CommercialProperty #HotelSite #HospitalSite #ResidentialRedevelopment #RegisteredSurvey #LagosRealEstate #PropertyForSaleAll detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
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