22 bedroom hotel / guest house for sale
Igando- Isheri Road, Igando, Ikotun, Lagos
Listing title:
hotel for sale --- 22‑room fully furnished hotel with restaurant & bar --- igando‑isheri road (near hotel & odo eran bus stops) asking ₦200,000,000
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
- asking price: ₦200,000,000
- 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
- asking price: ₦200,000,000 (two hundred million naira) --- asking
- 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
viewing & next steps
- site visits and full document pack available by appointment to serious and qualified buyers
- detailed inventory, room mix, photos and any financial information can be provided on request after proof of interest
- to progress: provide proof of funds/seriousness and preferred contact details to arrange an accompanied inspection and to receive the full sale dossier
ref: blue ...
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₦200,000,000
The Build Centre Properties
09028190510