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Distress sale ---
Multi‑unit block on corner full plot ---
Ikotun (off governor road / ikotun‑igando), lagos
Title: 4 × 3‑bed flats + 2 × 2‑bed flats on corner full plot ---
Serene environment ---
Receipt & survey ---
₦85,000,000 (distress / owner motivated)
Property overview
- unit mix: 4 units of 3‑bedroom flats and 2 units of 2‑bedroom flats (6 units total). - setting: corner full plot in a peaceful residential enclave --- short (≈4‑minute) walk to the major road for easy access and visibility. - location: off governor road, off ikotun‑igando, ikotun, lagos state. - title / documents: receipt and registered survey available. - sale circumstance: distress sale --- owner urgently needs to sell; strongly motivated --- last price ₦85,000,000. (previously listed at ₦150m; steep reductions reflect urgency. )
Property features
- all rooms ensuite --- attractive to tenants and premium renters. - all internal roads tiled --- neat, low maintenance compound finish. - prepaid meter installed for convenient utility management and accountability. - corner plot provides dual frontage, improved ventilation and higher development flexibility. - serene neighbourhood yet only minutes from main road, transport links and local amenities. Ideal use cases
- buy‑to‑let investment: immediate rental income from six self‑contained units. - value‑add investor: refurbish units for higher rents or reposition as serviced apartments. - redevelopment: redevelop for higher density or mixed‑use (subject to planning approvals). - commercial conversions: suitable for hospital, school, boutique hotel, or corporate housing given location and layout. Investment highlights
- immediate cashflow: multiple self‑contained flats generate diversified rental receipts. - high roi potential: distressed pricing plus upgrade/refurb opportunities create upside for investors. - strategic position: corner plot and short walk to main road increase demand, signage exposure and tenant accessibility. - attractive tenant profile: ensuite rooms and tiled roads appeal to middle‑income families and professionals. Price & negotiation
- asking / last price: ₦85,000,000 --- final distress asking, owner motivated to sell quickly. - price history: previously marketed at ₦150,000,000; reductions demonstrate strong value for an investor/owner‑occupier. - note: offers will be reviewed on a first‑qualified‑buyer basis; proof of funds encouraged. Documentation & due diligence (available on request)
- registered survey and payment receipt (available for inspection). - unit-level condition report and photos on request. - suggested pre‑inspection documents for buyers: tenancy schedule, current rental roll (if tenanted), structural/roof report, and utility receipts. All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed nda. Serious proposals only. *how we work*
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Ref: pastor
| Property Ref: 3189280 | Added On: 06 Nov 2025 | Last Updated: 07 Nov 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 16 |
| Bathrooms: 16 | Toilets: 22 | Total Area: 589 sqm |
Ikotun hosts West Africa's most visited religious tourism site; The Synagogue Church of All Nations and is home to one of Lagos state's largest marketplaces; Ikotun Market. The popular Nigerian singer and songwriter, Adekunle Gold was also raised in the neighbourhood.
Ikotun Market is one of the largest markets in Lagos State and is available to cater to the shopping needs of its residents. KAF Mall, Twins Faja Supermarket and Sengabis Supermarket are indoor shopping options within the area.
Given the large population of people that reside in Ikotun, it would be absurd if there were not enough housing alternatives in the vicinity. Peace Estate, as the name suggests, is a very serene option whereas Adams and Diamond Estates provide reasonably priced properties.
Ikotun is a wonderful area to visit if you want to unwind. Watch a movie at Filmworld Cinemas, cool off at the pool in Brainfield Event Centre, dine at Food City and Dominos Pizza or enjoy ice cream at Coldstone Creamery.
Even at night, Ikotun bustles with activity. Popular nightlife spots include Ace Lounge, The Place, Club Hardrock, and The Leo Club.
Crestview International Schools, which includes a crèche, nursery, primary, and secondary school, is one of the most well-known schools in Ikotun. Other prominent schools in the area include Fortune Private Schools, Solid Steps International School, and Molan Schools.
Read the full area guide for Ikotun, Lagos.
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