Flat / apartment for sale
3 Bedroom Uncompleted Apartment Development
Property Details Location: Jahi District, Gilmore, near a.y.m Shafa, Abuja Property Type: Uncompleted Apartment Development Land Size: 1,089.39 SQM Development: 6 Units of 3-Bedroom Apartments + 2 Suspended Floors Built to Lintel Title: C of O Asking Price: ₦700 Million Net Transaction: Sale Zahari View An uncompleted apartment development on 1,089.39 SQM in Jahi District, Abuja, offering a buyer an opportunity to acquire both the underlying land and an existing construction project. The development comprises 6 units of 3-bedroom apartments, with 2 additional suspended floors built to lintel level. This existing construction provides a starting point for a buyer considering completion, redesign or further development, subject to professional assessment and applicable approvals. For an acquisition of this nature, the property should be evaluated as both a land asset and a remaining construction obligation. Buyers should carefully review the structural condition, approved building plans, development approvals, outstanding construction requirements and realistic completion budget before determining the project's overall viability. Property Highlights 1,089.39 SQM land size Located in Jahi District, Gilmore, Abuja Near a.y.m Shafa Uncompleted apartment development 6 units of 3-bedroom apartments 2 suspended floors built to lintel C of O Asking price: ₦700 Million net Existing construction provides a basis for completion or further assessment Why This Property Deserves Attention The existing development means a prospective buyer does not have to begin the project entirely from the land acquisition stage. The scheme already has substantial construction work in place, comprising six proposed 3-bedroom apartments and two suspended floors built to lintel level. However, the value of the existing structure depends heavily on its current physical condition, construction quality, approved design and the remaining work required to complete the project. The 1,089.39 SQM land size also provides an important basis for evaluating the overall development economics. Rather than valuing the property simply by comparing the asking price with the land size, a prospective buyer should establish the value of the existing construction, the cost of completing it and the potential revenue or end-use value of the finished development. Development & Investment Perspective An uncompleted project can provide an opportunity to continue an existing development rather than start from scratch, but it also introduces specific due-diligence requirements. A buyer should determine whether the existing architectural and structural design remains appropriate for the intended market and whether the current approvals support the development as presently constructed. If the existing scheme is completed, the buyer should also assess the potential market for the proposed 3-bedroom apartments, including likely selling or rental demand, depending on the intended exit strategy. Any decision to modify the existing design or add further development should be based on professional planning, architectural and structural assessments. Investor / Developer Note Before proceeding, serious buyers should independently review: Verification of the C of O Survey and exact land dimensions Building approvals and approved plans Structural integrity of the existing construction Quality of work already completed Current construction stage Remaining construction scope Cost of completing the development Applicable planning requirements Feasibility of the existing design Potential redesign requirements Utility and infrastructure considerations Market demand for the proposed apartments Outstanding liabilities or encumbrances, if any a professional structural inspection and independent construction cost assessment are particularly important before determining the project's acquisition and completion economics. Documentation Title: C of O The stated title should be independently verified alongside the property's survey, ownership history and relevant development approvals. Prospective buyers should also request and review the approved plans and other construction-related documentation before committing to the acquisition. Property Intelligence Beyond the Listing At Zahari Properties, we believe an uncompleted development should never be assessed solely by the asking price. The real acquisition equation involves: Land Value + Existing Construction + Remaining Completion Cost + Development Potential. For this Jahi property, the buyer should establish what has already been constructed, what remains outstanding and whether the existing scheme can be completed economically under the current planning framework. A detailed inspection, structural assessment, documentation review and realistic completion budget can provide a clearer picture of the property's overall development position. Asking Price ₦700 Million Net For Enquiries & Inspections Call / WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information is based on details provided at the time of listing. Land size, title, construction stage, approvals, structural condition, development potential and completion requirements should be independently verified by the prospective buyer and their appointed legal, structural, architectural and construction professionals before making an offer or completing a transaction.
