Filling station for sale
Igando- Lasu Road, Alimosho, Lagos
For sale: watch video above
fully‑equipped filling station on 2 plots --- igando‑lasu road, alimosho, lagos
asking price: ₦700,000,000 (seven hundred million naira)
executive summary
rare opportunity to acquire a turnkey filling station on two contiguous plots along igando‑lasu road in alimosho. the asset includes substantial underground storage (45,000 litres across five tanks), multiple dispensers for pms and diesel/kerosene, and all essential documentation including certificate of occupancy (c of o). strategically located on a busy commuter corridor, this station is ideal for petroleum marketers, corporate investors or high‑net‑worth individuals seeking an immediately operational downstream asset with strong retail and fleet potential.
key property & operational details
- location: igando‑lasu road, alimosho, lagos --- high traffic commuter route with strong retail and commercial catchment
- land: 2 standard contiguous plots (exact boundaries/measurements available on survey)
- storage capacity: total 45,000 litres in 5 underground tanks (tank sizes and calibration certificates available on request)
- pumps / dispensers:
- pms (petrol) dispensers -- 3 double‑nozzle units (6 dispensing points)
- ago (diesel) -- 1 pump (2 nozzles)
- dpk / kerosene -- 1 pump (2 nozzles)
- forecourt: pump canopy and customer circulation layout in place (forecourt plan available)
- ancillary structures: site houses secure storage/operations rooms (details and condition available upon inspection)
- title & documents: certificate of occupancy (c of o) and all relevant land/title documents available for inspection
- asking price: ₦700,000,000
strategic advantages
- high‑traffic location on igando‑lasu road ensures consistent retail and fleet patronage.
- large tank capacity (45,000 l) suitable for high throughput and bulk deliveries.
- multiple dispensing points reduce queuing and increase daily sales potential.
- two‑plot footprint provides scope for expansion (convenience retail, quick‑service outlets, tyre bay, additional tanks) subject to approvals.
- clear title (c of o) reduces transaction risk and speeds up transfer process.
what is available / included
- physical assets on site: underground tanks, dispensers/pumps, canopy, forecourt layout, and operations rooms (full inventory to be provided to qualified buyers)
- title documents: certificate of occupancy (c of o) and supporting land paperwork
- operational files: tank calibration certificates, maintenance records and permits (where available) will be produced for due diligence
recommended uses & buyer profile
- petroleum marketers seeking an established retail point on lagos mainland routes
- institutional and private investors acquiring a downstream retail asset with expansion upside
- business owners looking to add fuel retail to an existing commercial portfolio
indicative value drivers & upside
- rebranding to a major marketer or enhancing non‑fuel revenue (convenience store, car wash, quick service restaurants) can materially increase site profitability.
- fleet and debit card partnerships with local companies can secure steady, high‑volume offtake contracts.
- expansion of forecourt retail and services on the existing two‑plot footprint will diversify income and raise site valuation.
due diligence checklist (will be supplied to serious buyers)
- verification of c of o, registered survey and chain of title documents
- dpr/nnpc/local regulatory permits and license records for fuel retail and storage operations
- tank calibration certificates, leak tests, environmental compliance reports and hse records
- fire safety certificates, firefighting equipment inventory and inspection status
- supplier contract(s), credit/discount arrangements and delivery history (if station is trading)
- financial records (if trading): monthly fuel throughput, sales, ancillary revenue and operating costs
- inventory of plant & equipment, recent maintenance records and vendor warranties
- tax compliance, statutory levies and any outstanding local government charges or rates
- site plan, building plan approvals and any outstanding planning obligations
compliance & regulatory notes
- buyers should confirm current regulatory status with dpr and local authorities and ensure all safety and environmental certificates are up to date.
- transfer of petroleum retail operations may require reapplication/transfer of some permits; timescales vary by regulator and marketer.
sale process & terms
- asking price: ₦700,000,000 --- serious and qualified buyers only. price is subject to contract and verification.
- viewings and document disclosure will be arranged for pre‑qualified parties after receipt of a brief buyer profile, proof of funds (pof) and a signed nda.
- vendor preference: straightforward cash purchase or structured corporate finance by credible institutions. negotiable terms may be discussed with pre‑qualified buyers.
- facilitators/agents: commission arrangements to be agreed in advance; any introducer fee must be declared and approved.
next steps / how to inspect
1. provide buyer credentials (proof of funds and company profile if applicable).
2. sign an nda to receive the full data pack (title documents, tank certificates, site plans and operational records).
3. arrange an accompanied site inspection and meeting with the vendor/operations manager.
4. submit a formal offer subject to due diligence.
disclaimer
all information provided is in good faith and believed accurate but subject to verification. prospective buyers must conduct their own legal, technical and financial due diligence prior to purchas...
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₦700,000,000
The Build Centre Properties
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