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PROPERTY LISTING: PRIME VALUE‑ADD BLOCK(S) OF FLATS --- OPEBI, IKEJALocation: Opebi, Ikeja, LagosLand Size: 520.003 sqmAsking Price: ₦400,000,000 (Four Hundred Million Naira)Title: Registered Conveyance
OVERVIEWAn exceptional buy‑and‑renovate opportunity located in the secure and highly sought Opebi/Ikeja corridor. This asset comprises existing blocks of flats on a substantial 520.003 sqm parcel --- perfectly positioned for an investor or developer to refurbish for immediate rental uplift or undertake a higher‑value repositioning scheme.
PROPERTY HIGHLIGHTS
- Existing residential blocks offering a clear value‑add play through renovation and professional management.
- Generous land size (520.003 sqm) providing compound space for parking, landscaping or modest extensions.
- Situated in a well‑secured neighbourhood with estate character and strong tenant demand.
- Title: Registered Conveyance --- documentation available for verification.
LOCATION ADVANTAGES
- Opebi/Ikeja: Prime mainland location with strong corporate and residential demand driven by proximity to Ikeja GRA, Allen Avenue, and major commercial hubs.
- Excellent transport links: Easy access to Ikorodu Road, Allen/Oba Akran corridors and public transport nodes.
- Close to key amenities: banks, shopping centres, hospitals, schools and corporate offices --- a reliable tenant catchment for professional and family lets.
- Proven capital appreciation corridor with sustained rental market activity.
INVESTMENT & REDEVELOPMENT OPPORTUNITIES
- Reposition and refurbish: Upgrade units to modern finishes and facilities to command higher rents and reduce vacancy.
- Rebrand for short‑let/serviced apartments targeting corporate travellers and expatriates.
- Moderate redevelopment: Subject to planning, potential for adding value through reconfiguration, conversion to higher‑grade units or improved common areas.
- Hold‑and‑manage: Immediate rental income while planning a phased redevelopment.
COMMERCIAL CASE
- Value‑add investment: Acquire at an asking price that allows room for renovation costs and targeted yield uplift.
- Flexible exit strategies: stabilized rental income, sale of upgraded asset at premium, or full redevelopment for higher density/returns.
- Institutional appeal: suitable for property funds, developer groups and high‑net‑worth investors seeking Opebi exposure.
DOCUMENTATION & DUE DILIGENCE
- Title: Registered Conveyance --- prospective buyers may complete standard process to perfect title as required.
- Recommended due diligence: physical inspection, occupancy/tenancy audit, structural survey, services/utilities check and verification of conveyance documentation. Full documentation available on request to qualified parties.
SALE TERMS & VIEWING
- Asking Price: ₦400,000,000 --- serious buyers only.
- Viewings: By appointment for pre‑qualified purchasers (proof of funds required).
- Transaction: Preferred buyers prepared for a prompt closing given the asset's strategic location and investment potential.
CONTACTFor confidential discussions, to obtain the due‑diligence pack or to schedule a private inspection, contact:[Agent / Owner Name]Phone: [Insert number] Email: [Insert email]
A strategic Opebi asset offering immediate income potential and a high‑return renovation/repositioning pathway --- recommended for investors seeking a prime mainland opportunity.
| Property Ref: 3201260 | Added On: 13 Nov 2025 | Last Updated: 13 Nov 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 18 |
| Bathrooms: 17 | Toilets: 18 | Total Area: 521 sqm |
Despite being a small district, Opebi is a unique place to live. Many of the well-known Instagram shops and businesses are available in Opebi, including Spar, Payporte, and Ruff n Tumble, among others.
The neighbourhood has a few standout spots and a tonne of exciting and entertaining places where you can take a break from the relentless sun or while away a few hours with food and drinks, either by yourself or with family and friends. Every nook and cranny of the area is home to a restaurant, bar, or lounge. KFC Opebi, Big Treat, Chicken Republic, Cakes n' Cream, Sweet Sensation, Bonne Apetie, Ejiros Place, and many more are some of the fun places to sit out and eat.
Opebi is one of the best neighbourhoods for a lively evening, even though it isn't always a hotspot for all-night parties. As dusk falls, the area changes into one of Lagos's most upscale entertainment districts with dozens of posh bars and lavish nightclubs like Club Invogue, Stars Night Club, Club ROXY, Classic Lounge, Caribbean Knights Club, MainStreet Bar & Grill, and many others.
Read the full area guide for Opebi, Ikeja, Lagos.
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