Turnkey Co-educational School (2-storey) On 1185sqm Of Land

FOR SALE
Distressed Sale ---
Turnkey Co‑Educational School (2‑Storey) on 2 Plots ---
Coker, Orile Iganmu
₦120,000,000

Price & status

- Asking price: ₦120,000,000 (One Hundred and Twenty Million Naira) --- Distressed sale, priced for quick disposal.
- Availability: Immediate sale. Turnkey operational school --- ideal for an education operator or investor seeking fast income or conversion.

Location & overview

- Location: Coker, Orile Iganmu, Lagos --- established residential neighbourhood with local catchment for pupils and easy access to surrounding communities.
- Site: Two (2) full plots with an existing two‑storey building currently operating as a co‑educational school. The property is being offered as a complete campus (buildings, fixtures and basic operational infrastructure).

Why this is an attractive opportunity

- Turnkey operation: Facility is currently configured and used as a functioning school --- minimal lead time for a new operator to resume operations and generate revenue.
- Value pricing: Distressed sale price presents strong upside for investors, education operators or developers able to mobilise quickly.
- Versatile asset: Although presently a school, the configuration and plot size are suitable for alternative commercial or residential conversions (e.g., training centre, daycare, small orphanage/boarding conversion, offices, serviced accommodation or redevelopment into multiple residential units) subject to planning approvals.
- Land scale: Two plots provide flexibility for expansion, additional facilities or reconfiguration to alternative uses.

Typical campus features (as configured for school use)

- Two‑storey classroom block(s) with multiple teaching rooms and circulation corridors.
- Administrative/office areas suitable for principal/secretariat functions.
- Staff room and basic welfare facilities.
- On‑site sanitary facilities and pupil toilets.
- Outdoor space suitable for playground, assembly or expansion.
- Kitchen/canteen area (where provided) and ancillary support spaces.(Note: full equipment & inventory list available on inspection; buyers should verify exact layout and fixture inventory.)

Commercial & redevelopment potential

- Immediate operation: Acquire an income‑producing school with established layout and community presence.
- Conversion potential: Site is well positioned for conversion to commercial uses (offices, training centre, clinic) or residential redevelopment (apartments or cluster housing) subject to local planning approvals.
- Value enhancement: Minor refurbishment, branding and marketing can quickly increase enrolment or rental income; redevelopment can unlock greater value given two‑plot footprint.

Practical considerations & due diligence

- Title & documentation: Title status and supporting documents will be made available to qualified buyers on request. Buyer to verify title, encumbrances and statutory compliance during due diligence.
- Recommended checks: legal title search, structural survey of building, verification of utility connections, planning/regulatory checks for intended alternate uses, environmental/basic site screening and review of any operating liabilities.
- Occupancy & handover: Vacant possession or business handover terms to be agreed with seller (details to be confirmed during negotiation).

Transaction process & viewing

- Viewings: By appointment for qualified buyers only. Proof of funds or bank reference required to schedule inspection.
- Offer process: submit written expression of interest (EOI) with POF; shortlisted buyers will be invited for inspection and document review. Heads of terms and deposit will be required to progress to exchange and completion.
- Legal completion: Sale to be concluded by formal conveyance and registration at the Land Registry; buyers advised to instruct legal counsel.

Buyer profile sought

- Education operators or investors seeking an immediately operational campus.
- Property investors and developers seeking a redevelopment site with a two‑plot footprint.
- Owner‑occupiers or institutions looking for campus/office conversion opportunities.

Important note
All information is provided in good faith and is indicative. Prospective purchasers must undertake independent legal, technical and financial due diligence. Title, availability and price are subject to verification and may change without notice.
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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