Interested in this property?
FOR SALE ---
MAJOR MULTI‑UNIT ASSET (OMOTOYE ESTATE, AGEGE)A rare, income‑dense landbank primed for yield, scale and redevelopment
Location: Omotoye Estate, Agege, LagosLand Size: 2,305 sqmAsking Price: ₦800,000,000 (Serious Investors Only)Documents: Available on request
Property Snapshot
- Substantial multi‑block residential complex on a large 2,305 sqm parcel comprising:
- Block A: 5 x 3‑bedroom flats + 1 warehouse
- Block B: 6 x 3‑bedroom flats
- Blocks C & D: 4 x 2‑bedroom flats each (8 x 2‑bedroom units)
- Total: 19 residential units plus an on‑site warehouse --- consolidated ownership, single management point.
- Well‑positioned within Omotoye Estate --- an established residential pocket with excellent tenant catchment and accessibility.
Why this is music to an investor's ears
- Immediate, diversified cashflow: 19 units across 2‑ and 3‑bedroom configurations deliver instant rental income and low vacancy risk.
- Scale & operational efficiency: Single‑owner, multi‑block asset reduces management overheads and unlocks economies of scale for maintenance, leasing and utility management.
- Development optionality: Large contiguous land parcel offers clear upside --- refurbishment for higher rents, repositioning to serviced apartments/short‑let, or phased redevelopment to increase density and capital value (subject to approvals).
- Institutional appeal: Size and modular unit mix suit portfolio buyers, developer groups or investor funds seeking plug‑and‑play rental assets with value‑add potential.
- Location fundamentals: Agege remains a high‑demand residential corridor for commuters and working professionals --- steady occupancy and strong rental demand.
Key Features & Benefits
- 19 income‑producing units + warehouse --- diversified income streams in one acquisition
- Large 2,305 sqm footprint --- room for parking, amenities or future expansion
- Flexible uses: rent as is, convert to serviced apartments, or redevelop for higher density
- Centralised management opportunity --- lower OPEX per unit versus scattered assets
- Attractive scale for refinance, portfolio aggregation or institutional buyout
Suggested Investor Uses
- Hold as a high‑yield rental portfolio with immediate returns
- Reposition to short‑let or serviced apartment model for premium nightly rates
- Redevelop or add floors (subject to planning) to unlock substantial capital gain
- Lease the warehouse for supplementary commercial income
Viewing & Offers
- Viewings strictly by appointment. We prioritise qualified and time‑sensitive offers.
- Full documentation, rent roll (where available), and site plans provided to serious investors for expedited due diligence.
Contact The Build Centre Properties
Opportunity of this scale in Agege is rare --- consolidated, income‑dense and development‑ready. Arrange a site visit today and let this asset start working for your portfolio. Give us half a try and get a full return.
#daka
| Property Ref: 3219617 | Added On: 24 Nov 2025 | Last Updated: 24 Nov 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 30 |
| Bathrooms: 24 | Toilets: 24 | Total Area: 2,305 sqm |
Agege is the location of the recently opened Babatunde Fashola Station. The station connects Lagos to Ogun and Oyo states, with plans to expand to more states in the future. Agege also has a 4,000-seat multi-purpose stadium where football is played.
Justrite Supermarket is a one-stop shop for all of your household necessities. Food, herbs, shea butter, fabrics, beverages, and much more are available at low retail and wholesale prices. The Abattoir Meat Market is known for its low-cost cows, sheep, and cattle.
Agege is a suburb of Lagos in Nigeria. It has some of the most prestigious residential developments in the country. There are estates that provide residents with the peace, security and/or class they seek. These include Sunshine Estate, New Dairy Farm Housing Estate, and LSDPC Medium Estate.
Visit Agege Stadium, a multi-purpose stadium with secure parking, a basketball court, a lawn tennis court, and a gymnasium. Check out Ultra Revere Spa, iGleam Skinmeister & Spa, or Pearl Beauty Spa for your body relaxation.
Lounge 95, Solochus Bar and Club and Club Royale are all great places to unwind in Agege. Drinks, suya, BBQ fish, and shawarma are all available on the menu at Lounge 95. The park is a pleasant place to spend time with friends and family during the weekdays.
Rose Valley School is located on a large, secure, and scenic campus. They provide affordable and high-quality education in a variety of subjects. Atlas Schools, Barachel Schools, Al-Hikmat Schools, and Ifako International Secondary School are among them.
Read the full area guide for Agege, Lagos.
Interested in this property?
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by The Build Centre Properties. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.