For Sale: Revenue Generating Block Of 2 X4 + 2 X 2 Bedroom Flats On Offer, Abiona Close, Off Falolu, Surulere, Lagos | 12 Beds, 12 Baths (Ref: 3199456)

Revenue Generating Block Of 2 X4 + 2 X 2 Bedroom Flats On Offer

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Property Description

Property for Sale ---
Abiona Close (off Falolu), Surulere, Lagos
Property type: Income‑producing block of flats (residential)Location: Abiona Close, off Falolu, Surulere --- quiet, established residential neighbourhood with strong rental demandTitle / Documents: Registered Title (vendor to provide certified copies)Asking price: ₦320,000,000 (Slightly negotiable)

Property summary
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A solidly constructed block comprising four self‑contained flats arranged for immediate rental or owner occupation. The property sits within a secure, serene environment in central Surulere --- a high‑demand location for professionals, families and corporate tenants. Offered with a registered title and attractive for investors seeking stable cashflow or owner‑occupiers who wish to benefit from ancillary rental income.

Accommodation & unit mix
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- 2 × 4‑bedroom apartments (spacious family units)
- 2 × 2‑bedroom apartments (compact self‑contained units)Total units: 4 flats

Condition & finishes
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- Solid construction throughout --- well maintained (detailed condition report available on request)
- Internal finishes and fittings to be confirmed on inspection (tiles, ceilings, kitchens and sanitary ware)
- Secure compound and neighbourhood setting providing tenant appeal and privacy

Key features & amenities
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- Registered Title --- clearable for transfer (buyers should verify certified copies)
- Located in a low‑traffic cul‑de‑sac (Abiona Close) offering reduced noise and enhanced security
- Strong rental catchment: close proximity to commercial nodes, schools, hospitals and public transport in Surulere
- Potential for immediate rental income with minimal capital expenditure (subject to tenant status)
- Opportunity to add value through targeted refurbishment, unit reconfiguration or rebranding to serviced/short‑let product

Location & accessibility
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- Positioned off Falolu within Surulere --- easy access to major roads connecting to Lagos Island, Yaba and Mainland districts
- Close to retail amenities, banks, eateries and transport routes; strong appeal to working professionals and families

Title & legal considerations
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- Title: Registered Title --- vendor to provide certified copies for pre‑contract review
- Recommended buyer due diligence: title verification, boundary confirmation via licensed surveyor, and solicitor engagement to manage transfer and any stamp duty/fees.
- If any tenancy or occupancy arrangements exist, buyer should confirm tenancy schedules and arrears (if applicable).

Investment highlights
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- Established rental asset in a high‑demand Surulere location --- attractive for buy‑and‑hold investors.
- Diversified unit mix (2×4‑bed + 2×2‑bed) provides multiple income streams and tenant profiles.
- Registered title simplifies financing options for buyers seeking mortgage facilities.
- Slight price flexibility presents negotiation room for quick/compliant buyers.

Sale terms & viewings
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- Asking price: ₦320,000,000 (Slightly negotiable for serious/qualified purchasers)
- Viewings strictly by appointment; prospective buyers must provide proof of funds and valid identification prior to inspection.
- Reservation deposit and formal sale terms to be agreed on offer acceptance; standard conveyancing procedure to follow.

What we can provide on request
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- Certified copies/scans of the Registered Title and Survey Plan (upon vendor consent)
- Recent photographs, unit floor plans and tenancy schedule (if occupied)
- Indicative rental income estimate and yield analysis based on current local comparables
- Introduction to recommended solicitors, surveyors and property managers to support due diligence and post‑acquisition management

Disclaimer: Information provided by the vendor and subject to verification. Prospective purchasers should carry out independent due diligence, title checks and legal verification prior to commitment.


Property Details

Property Ref: 3199456Added On: 12 Nov 2025Last Updated: 12 Nov 2025
Market Status: AvailableType: Block of FlatsBedrooms: 12
Bathrooms: 12Toilets: 16   

Interesting Facts

Surulere is undoubtedly one of the most exciting places to stay in Lagos. Its collection of fascinating facts is nearly limitless. It is a go-to place to experience authentic Lagos life, owing to its location, people, and attractions, among other things.

If you listen to Nigerian music, you have probably heard of Surulere from various songs. Many notable and popular Nigerians were born, raised, or currently reside in Surulere. Aliko Dangote, the richest man in Africa, former Lagos State Governor Babatunde Fashola, award-winning music artiste Wizkid, top female artist Simi, and others are among them.

Leisure and Shopping

Surulere is a densely packed commercial area with so many places to shop that you would quickly run out of options. Leisure Mall, one of Lagos' busiest shopping centres, is located in the heart of Surulere. Adeniran Ogunsanya street is particularly densely packed with shops and high-end boutiques. Check out Aguda market, Census market, and Iponri if you want to shop in open air markets.

Popular Estates

Mutual Alpha Court is a low-cost estate in Surulere's Iponri neighbourhood. The estate is easily accessible from the island and Ikeja, making it a popular choice for people who work on both the island and the mainland.

Alaka Estate is a gated community known for its cleanliness, quietness, and security. It is said to be one of the best places in Lagos to raise a child. The estate contains schools, hospitals, churches, and other social amenities.

The Dayspring Garden estate is located northwest of Ajegunle Creek. It is one of the most luxurious and peaceful neighbourhoods in Surulere.

LSDPC housing estate and Royal estate are two other notable estates in Surulere.

Day Life

Surulere is one of the busiest areas in Lagos and offers a plethora of places to visit during the day. Sport enthusiasts can participate in mini-competitions or watch a good game at either Teslim Balogun Stadium or Lagos National Stadium. The National Arts Theatre is the place to go if you enjoy drama, culture, and history.

If you enjoy movies, Filmhouse cinemas have a number of blockbusters to choose from. It is in the Leisure Mall. While you are at it, grab some popcorn and a drink.

Get some pizza from Domino's and some shawarma from 'Best shawarma.' SweetCity also serves delectable cakes and pastries.

Night Life

Even at night, Surulere continues to erupt. As one of the Nightlife kings, there are lounges, bars, and nightclubs strewn about. Simply choose one.

It has daily lineups such as Loud Wednesday, Cruise Thursday, and Spotlight Saturday. Other clubs include the X-Factor Lounge, Zeros Lounge, Fortys Bar and Lounge, Jacoin Sports Lounge, Lions Den, Lavender Nightclub, Lounge 38, and many more.

Schools

The importance of good schools in our children's lives cannot be overstated. Surulere contributes by providing a variety of options for parents in the area. Great Esteem Secondary School provides a well-rounded education that prepares students for the rigours of university life. Pampers Private School is located in Alaka and provides an international standard of education.

Read the full area guide for Surulere, Lagos.

Interested in this property?

Call 0902 XXXX Show Phone
Disclaimer

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