Most Lucrative Investment With Best Amenities

This Is The MOST Lucrative
Property Investment In Nigeria

16,065 Sqm On
OZUMBA MBADIWE VI ISLAND
Top Embassy Former Lagos Quarters

Property Details:
1.0 The Site:
The site is located at the intersection of Apese Street and Ozumba Mbadiwe Avenue, Victoria Island, Lagos.
Ozumba Mbadiwe Avenue provides the main arterial link between Victoria Island and both Lagos Island and Ikoyi Island together with ongoing access to the Lekki/Epe development zones

The site is made up of two plots: plot 24 and plot 25 and held under a leasehold title reference L05020 registered at the Federal Land Registry. The site is essentially square in shape with a level topography extending to a total area of approximately 16,065 sqm

2.0 The Property:
The property was developed in the late 1960's to provide the Chancery and staff residential accommodation of the Embassy in Nigeria.
The site development comprises low-rise buildings providing the following:

Reference Approx Gross Area:
1) Chancery Offices 908sqm
2) Guest Apartment 312sqm
3) Chancellor's Apartment 416sqm
4) Apartments 2 & 3 576sqm
5) Apartments 4 & 5 418sqm
6) Apartments 6, 7 & 8 428sqm
7) Stewards Quarters
8) Swimming Pool
9) Tennis Courts

Electrical services comprise 415V 3 phase PHCN mains electricity. Water services comprise pipe borne water from Lagos State Water Corporation with associated treatment on site. Foul water sewage disposal is provided by independent septic tanks and soakaway pits.

3.0 The Title
Title is held under a Land Certificate Reference L05020 registered at the Federal Land Registry, Lagos under Lagos Sheet 436 and is described as Plots 24 & 25 Apese Street, Victoria Island. The term is for 99 years commencing from 1st day of January 1962. The total area of the site is 16,065 sqm

4.0 Bid Price: A reserved bid price acceptable to the Embassy is $26m (Twenty-six Million US Dollars). This must however be accompanied by a Bank Comfort Letter from a first class bank or financial institution in Nigeria or overseas for further evaluation and also to enable a payment instruction to be issued.

Please note that this price excludes cost of re-development, consultancy fees and statutory payments. You will be required to sign a Contract of Sale in the format attached prior to payment.
Upon successful completion of payment a Deed of Assignment will be signed between you and the Embassy for the transfer of title.

5.0 Buyer Would Be Responsible For All Faciliitators" Fee of 5% of the consideration.

Nobity Properties LLC.
+2348036169280
+2348130988889
[email protected]