6 bedroom block of flats for sale
Ajao Estate, Oshodi, Lagos
Prime redevelopment opportunity -- block of 4 flats on 700sqm in ajao estate
the property:
a rare opportunity to acquire a substantial 700sqm corner-piece/standard plot (approx.) in the heart of ajao estate, lagos.
this property currently houses a solid but older-generation storey building consisting of:
2 units of spacious 3-bedroom flats
2 units of 2-bedroom flats
investment highlights:
generous land size: at ~700sqm, there is ample space for a total teardown and reconstruction into a modern multi-unit luxury development or a high-yield short-let hub.
strategic location: situated in a serene, secure part of ajao estate with immediate proximity to the murtala muhammed international airport (approx. 10 mins).
value-add potential: ideal for "fix and flip" investors. a comprehensive renovation would significantly increase the rental yield to match current market rates of ₦16m - ₦20m+ per annum for the entire block.
ample parking: the large 700sqm footprint ensures comfortable parking for 8+ vehicles, even after modernization.
listing details:
condition: old structure (selling for land value + structural potential).
title: [survey plan].
asking price: [₦300, 000, 0...
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₦300,000,000
Brooke Addison Real Estate
+2348158088032