Block Of 6 Units Of 2 Bedroom Flats On Full Plot On Offer

Listing Title:
Block of 6 x 2‑Bedroom Flats on Full Plot --- Ire‑Akari Estate, Isolo ₦130,000,000 (Slightly Negotiable)

Overview:
Investment / development opportunity --- a block of six (6) self‑contained 2‑bedroom flats sitting on a full plot within the established Ire‑Akari Estate, Isolo. Ideal for buy‑to‑let investors, landlords seeking immediate rental income, or developers looking to reposition the asset. Located in a residential neighbourhood with good local amenities and transport links.

Key Details

- Property type: Residential investment --- block of flats
- Units: 6 x 2‑bedroom flats
- Plot: Full plot (exact size available on request)
- Location: Ire‑Akari Estate, Isolo, Lagos State
- Title / Documents: Survey, Receipt and Will
- Asking price: ₦130,000,000 (slightly negotiable)
- Sale type: Outright sale

Accommodation & Typical Layout

- Each unit: 2 bedrooms, living area, kitchen, bathroom(s) --- ideal for family or shared tenancy
- Separate access to each unit (confirm whether units are self‑contained with individual meters)
- Compound space suitable for parking, drying area and minor landscaping (confirm exact layout on viewing)

Condition & Features

- Block form ideal for immediate rental income (condition to be verified during inspection)
- Potential for value enhancement through refurbishment, re‑letting or partial redevelopment subject to planning
- Located in a developed residential enclave with nearby social amenities (schools, markets, public transport)

Title, Documents & Legal Status

- Title documents available: Survey and Receipt; property sale being handled under Will (probate/administration status may apply)
- Buyers must verify chain of title and confirm executorship/authority to sell under the Will
- Original documents and physical inspection available to serious/qualified buyers upon request

Investment Appeal & Use Cases

- Ready rental portfolio: multiple rental income streams from six units
- Owner‑occupier: occupy one unit and rent out the rest to offset holding costs
- Redevelopment potential: subject to planning and approvals, plot could be redeveloped for higher density or modern apartment units
- Good addition to a property portfolio targeting stable suburban rental yields

Price, Terms & Additional Costs

- Asking price: ₦130,000,000 (slightly negotiable)
- Buyer to bear customary fees: legal fees, stamp duty, transfer fees, agency fees and any probate/administration costs where applicable
- Payment terms: negotiable; proof of funds required for document release and viewings

Due Diligence Recommendations
Prospective buyers should:

- Verify Survey and Receipt at the Land Registry and confirm the status of the Will (probate/administration)
- Conduct a physical inspection of all units to confirm condition and occupancy status
- Confirm utility connections (electricity, water) and whether meters are individual or shared
- Check for any outstanding rates/levies or encumbrances on the property
- Engage legal counsel to handle title transfer and probate/Will matters if applicable

Viewing & Next Steps

- Site inspections and document review by appointment for serious/qualified buyers
- Photos, floor plans and more details available on request after verification of interest
- Next steps: provide proof of seriousness (POF / bank reference) to receive documents and schedule an accompanied viewing


Ted: Daka