High Yield Block Of 7 Units Storey Building On 600sqm Of Land

FOR SALE- WATCH VIDEO ABOVE
High‑Yield Rental Block --- 7‑Unit Storey Building on Full Plot ---
Slightly Off Meiran Road, Abule‑Egba
Price: ₦160,000,000 (One Hundred and Sixty Million Naira)

Summary
Ready income property: a solid storey building comprising seven (7) rental units plus two (2) retail shops on a full plot (60ft x 120ft) in a convenient Abule‑Egba location --- just four houses from the major Meiran Road. The mix of unit types (3×3‑bed, 1×2‑bed, 1×mini‑flat, 3×room‑self) provides diversified rental streams and strong tenant marketability. Clear documents include Family Receipt, Registered Survey and Deed of Assignment. Ideal for buy‑and‑hold investors seeking immediate cash flow and long‑term capital appreciation.

Property Highlights

- Property type: Storey rental building on a full plot (60ft x 120ft)
- Units:
- 2 × 3‑bedroom flats
- 1 × 2‑bedroom flat
- 1 × mini‑flat (self‑contained)
- 3 × room‑self (single room self‑contained units)
- 2 × shops (ground‑floor retail frontage)
- Location: Slightly off Meiran Road, Abule‑Egba --- only 4 houses to the major road for excellent access and visibility
- Title/Documents: Family Receipt, Registered Survey and Deed of Assignment (available for inspection)
- Price: ₦160,000,000 (Asking)

Detailed Description
This well‑configured investment building occupies a full plot and offers a flexible unit mix that caters to families, singles and retail tenants --- a resilient model for steady rental income. The building layout allows for efficient management and easy tenant turnover handling. Ground‑floor shops provide immediate commercial income and benefit from the high pedestrian and vehicle flow on Meiran Road.

Constructed to functional standards suitable for long‑term lettings, the property can be held as a turnkey rental asset or upgraded selectively to increase yields. Its proximity to the major road makes it particularly attractive to tenants who commute and to small business operators seeking shopfront presence.

Location & Accessibility

- Situated slightly off Meiran Road, Abule‑Egba --- approximately four houses to the main road, ensuring both convenience and quieter compound living
- Excellent access to public transport, markets, schools, banks and local amenities --- strong demand for rental accommodation in the catchment
- Good connectivity to other Lagos mainland corridors and employment centres

Title & Documentation

- Clear documentation: Family Receipt, Registered Survey and Deed of Assignment --- available for verification by solicitors and prospective buyers
- Buyer should undertake standard legal due diligence and title verification prior to exchange

Investment & Value Proposition

- Diversified rental income: multiple unit types spread occupancy risk and attract different tenant segments
- Immediate cash flow potential from residential units and two shops on site
- Full‑plot location offers future optionality --- potential to reconfigure or expand subject to approvals
- Close proximity to a major road increases tenant demand and resale liquidity

What's Included

- The building, all units and the two retail shops occupying the plot
- Title documents as listed (Family Receipt, Registered Survey, Deed of Assignment) for inspection and transfer processes

Recommended Next Steps (For Interested Buyers)

- Arrange a private site inspection to confirm unit conditions, finishes and current occupancy/rent roll (if tenanted)
- Request copies of the Registered Survey and Deed of Assignment for legal review by your solicitor
- If income is a key metric, request the rent roll/tenancy schedule and recent operating expenses to assess yield
- Provide proof of funds or a formal expression of interest to progress negotiations

Note
All information is provided in good faith. Prospective buyers are advised to conduct full legal, physical and financial due diligence (including title verification and inspection of unit conditions) prior to purchase.
Ref: Pastor