Commercial property for sale
Old Ikoyi, Ikoyi, Lagos
Old ikoyi --- prime high‑rise investment / development asset
asking price: ngn 25,000,000,000 (twenty‑five billion naira) --- net (direct instruction)
important viewing information: please read:
this is one of our hnwv properties with discreet ownerships and requires precise protocols to secure viewing privileges.
provide government-issued id for all attendees.
sign and return a nondisclosure/confidentiality agreement in advance. (if applicable).
complete any required background or security checks prior to viewing.
book through the listing agent or appointed representative only.
reserve a specific appointment time with minimum advanced notice (e.g., 24--72 hours).
limit attendees to the approved number and list their names beforehand.
agree to be escorted or directed by facility agents/security at any given times while on site.
no unapproved photography, video, or social-media posting during the visit.
wear required attire and remove shoes or use provided shoe covers as requested and comply with our health & safety protocols.
acknowledge and accept the property's privacy and security procedures in writing.
confirm cancellation and rescheduling policies and adhere to them.
coordinate arrival window and communicate delays directly to the agent.
no armed personnel, escort or firearms would be allowed on the premises.
for viewings & seamless progression, contact mr. kola adesina. edba- the property guru on wa chat only::+2347049744444-
discrete. dependable. capable. entrusted.
headline
rare vacant high‑rise complex on olu holloway road, old ikoyi --- two purpose‑built blocks (a: 9 floors; b: 10 floors + penthouse) offering 54 apartments on a single 5,299.745 sqm land parcel. institutional‑grade services and amenities position this asset for immediate income, conversion to luxury rental product, or strategic redevelopment.
key particulars
- location: olu holloway road, old ikoyi --- premium residential and diplomatic precinct
- land area: 5,299.745 sqm
- buildings: two blocks --- block a (9 floors) and block b (10 floors) with penthouse
- unit mix (total 54 units):
- 9 × 1‑bed apartments
- 20 × 2‑bed apartments
- 24 × 4‑bed apartments
- 1 × 5‑bed penthouse apartment
- title: registered deed of assignment
- status: vacant --- ready for occupation, leasing or conversion
- asking price: ngn 25,000,000,000 (net)
amenities & building services
- dedicated power transformers ensuring stable supply and capacity for scaling
- water treatment plant and storage facilities (suitable for domestic supply and potable treatment)
- three passenger elevators providing direct access from ground to penthouse levels
- swimming pool and landscaped outdoor leisure areas
- children's play area and communal garden space
- integrated security suite: uniformed security personnel, on‑site police detail and full cctv coverage
- robust back‑of‑house provisions and service access for operations and maintenance
property description
this substantial, well‑configured property offers a balanced unit mix suited to a broad tenant profile --- from executives and professionals to families seeking premium old ikoyi accommodation. the presence of sizeable 4‑bed units and a signature 5‑bed penthouse creates strong yield potential in the upper‑end rental bracket. the building's infrastructure --- dedicated transformers, water treatment plant and multiple elevators --- reduces immediate capital expenditure for incoming owners or operators.
as a vacant asset the complex represents flexibility of entry: operate as a turnkey rental asset; reposition or refurbish to deliver higher‑yield luxury units; or pursue a boutique hospitality conversion / serviced residence model given the location and scale.
investment advantages
- prime old ikoyi location with exceptional capital preservation and demand for quality rental stock
- large land holding and dual‑block configuration offer optionality for phased repositioning or redevelopment
- operational readiness: critical services and amenities already installed, lowering capex and time‑to‑market
- attractive for institutional investors, reits, family offices or developer‑operators seeking scale in a secure precinct
transaction, due diligence & viewing
- price: ngn 25,000,000,000 (net) --- serious, qualified buyers only
- full particulars, plans and management records available to verified buyers under nda
- proof of funds / banker's confirmation required prior to release of detailed documentation and to arrange site inspection
- viewings strictly by appointment; confidential inspections and financial validation required in advance
confidentiality
all detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed nda. serious proposals only.
*how we work*
tell us your needs (budget, location, size).
our team reviews your request and assigns a dedicated relationship manager.
we only source conflict-free land and properties with clear titles.
we conduct due diligence and arrange site visits.
viewings are by appointments only
finalize purchase, rental or lease with legal support.
*please feel free to browse our other featured properties*
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₦25,000,000,000
The Build Centre Properties
09028190510