16 bedroom block of flats for sale
Ikotun, Lagos
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*
tell us your needs (budget, location, size). our team reviews your request and assigns a dedicated relationship manager. we only source conflict-free land and properties with clear titles. we conduct due diligence and arrange site visits. viewings are by appointments only
finalize purchase, rental or lease with legal support. *please feel free to browse our other featured properties
note: referrals & third party agents: 2. 5% comm
ref: pas...
More details
Added Yesterday
₦85,000,000
The Build Centre Properties
09028190510