Massive 17 Bedroom Block Of Flats
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Property Description
This is a golden chance to secure a high-yield real estate investment in a fast-developing and highly sought-after neighborhood. Sitting on a cornerpiece measuring nearly 2 full plots (1,051 sqm), this property boasts 14 flats in total, strategically positioned off Adetola Road via Olaniyi, New Oko-Oba, Abule-Egba, Lagos. The development includes 3 spacious units of 2-bedroom flats, 8 mini flats, and 3 self-contained rooms, all within a well-fenced compound with ample space for erecting another building. Located just a 2-minute walk from the tarred road, in an area surrounded by modern residential structures, this property benefits from excellent accessibility and a solid road network. With existing tenants generating an annual rental income of ₦8.8 million---and the potential to double earnings to ₦16 million per year with modest renovations---this is ideal for investors looking to build steady cash flow or flip for profit. Current title documents include Receipt, Registered Survey, Deed of Assignment, and Building Approval, making it a secure and verifiable transaction. At just ₦105 million asking price (slightly negotiable), this is significantly below market value, especially when you consider that a single plot in the same area goes for ₦60 million. Don't sleep on this rare chance---owner urgently needs funds. Act fast!
8705
Property Details
| Property Ref: 2924906 | Added On: 16 Jun 2025 | Last Updated: 16 Jun 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 17 |
| Total Area: 1,051 sqm |
Interesting Facts
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.
Leisure and Shopping
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.
Popular Estates
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.
Day Life
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.
Night Life
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.
Schools
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.
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Disclaimer
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 Eniola Ogunmuyide & Partners. 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.
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46, Old Ota Road, Olota, Off Ekoro Junction, Abule Egba, Lagos, Nigeria
0803 XXXX Show Phone
+2348033910359
Registered 10 years ago
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