Investment Block Of 6x3 Bedroom Flats + 6 Commercial Shops

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For Sale ---
Investment Block: 6 x 3‑Bedroom Flats + 6 Shops (Corner Plot) ---
Off Orelope, Egbeda
Full Plot
C of O
₦200,000,000

Overview: Investment‑grade mixed‑use asset in Egbeda --- six self‑contained 3‑bedroom flats above a row of six commercial shops, sitting on a full plot and positioned on a tarred road off Orelope. The property occupies a corner location which improves visibility and rental potential for the retail units. Offered with a clean Certificate of Occupancy (C of O), this ready income asset is ideal for buy‑to‑let investors, owner‑occupiers who want rental income, or developers seeking value through active asset management.

Property summary

- Asset: Residential block of 6 x 3‑bedroom flats plus 6 ground‑floor shops (corner plot)
- Land size: Full plot (exact dimensions available on request)
- Location: Off Orelope, Egbeda, Lagos --- on a tarred road with good local access
- Title: Certificate of Occupancy (C of O) --- certified copies available for qualified buyers
- Asking price: ₦200,000,000 (Two hundred million Naira)

Accommodation & key features

- Six spacious 3‑bedroom, self‑contained flats (typical family layouts) --- ideal for medium‑term family tenancies or corporate lets
- Six commercial shop units at ground level --- excellent for stable retail income (shop tenants typically include convenience retail, salon, mini‑mart, tailoring etc.)
- Corner plot position increases frontage, visibility and access for both residential and commercial tenants
- Property sits on a tarred road --- easy access for tenants, customers and service vehicles
- Potential for immediate rental income or light refurbishment to uplift rents and capital value

Investment appeal & uses

- Immediate rental yield: dual income streams from flats and shops provide diversified cashflow and lower vacancy risk.
- Value‑add opportunity: modest capex (refurbishment or re‑letting strategy) can raise rental rates and asset value.
- Suitable for: buy‑to‑let investors, corporate landlords, private equity rental portfolios, or individuals seeking an income‑producing property.
- Corner/retail locations in Egbeda maintain steady demand from local tenants and SMEs --- strong cashflow prospects.

Title & documentation

- Title: Certificate of Occupancy (C of O) --- certified copies and title pack available to qualified buyers and solicitors for verification.
- Additional documents: tenancy schedule (if occupied), utility receipts and basic building plans available on request.

Due diligence & recommended checks

- Legal: solicitor to verify the C of O, chain of ownership and check for encumbrances or outstanding rates.
- Financial: request tenancy schedule, current rental roll and service charge information (if any).
- Technical: physical inspection to confirm condition of flats/shops, MEP systems (electrical, plumbing), roof and structural integrity.
- Planning: confirm any permitted changes of use or alteration constraints with the local planning authority if intending redevelopment.

Practical information & sale process

- Viewings: By appointment only for pre‑qualified buyers. Proof of funds or credible bank reference will be required prior to document release and inspection.
- Offers: Submit a Letter of Intent (LOI) with buyer details and proof of funds. Shortlisted buyers will be provided the full dossier and invited for a site visit.
- Transaction: Standard solicitor‑led conveyancing; buyer to budget for legal fees, stamp duty, registration and any agent commission.

Note: All information is provided in good faith and prospective buyers should undertake independent legal, technical and financial due diligence prior to purchase. Availability and price are subject to prior sale.

Ref: Efosa