Distress Offer! Multi Unit Residential Property

FOR SALE- WATCH VIDEO ABOVE ---
Multi-Unit Residential Property, New London, Baruwa, Lagos
Price
N130,000,000 (One Hundred and Thirty Million Naira) --- NET to seller (price slashed from N150M)

Key facts

- Property type: Residential investment (mixed units)
- Location: New London, Baruwa, Lagos
- Compound: Fenced and gated
- Access: Within newly tarred access road; paved internal road
- Accommodation:
- 1 × 4-bedroom duplex
- 3 × mini-flat units
- 2 × self-contained apartments
- Title: Governor's Consent
- Sale status: Distress sale --- owner urgently selling

Property description
Well-built, income-generating residential block set within a fenced and gated compound in New London, Baruwa. The property comprises a 4-bedroom duplex plus three mini-flats and two self-contained apartments --- an attractive package for investors or buyers seeking immediate rental yield. The estate benefits from a newly tarred access road and paved internal access, enhancing ease of movement and tenant appeal. Title is by Governor's Consent and the owner has reduced the price to N130M net for a quick sale.

Selling points

- Multiple income units on one title --- immediate rental/cashflow potential
- Located inside a secure, fenced and gated compound
- Good access: newly tarred access road and paved internal road
- Clean title: Governor's Consent
- Distress sale --- priced to sell (reduced from N150M to N130M net)

Condition, utilities & other

- Condition: Well-built --- please confirm current state of finishes, maintenance, and any recent renovations
- Occupancy: Please confirm current occupancy status and rental income (if any)
- Utilities: Buyer to verify availability and status of water, electricity (metering), drainage and waste disposal
- Parking: Compound provides space --- confirm exact parking availability and capacity
- Encumbrances: Confirm no outstanding mortgage, rates arrears or other encumbrances

Price & terms

- Asking/Net Price: N130,000,000 (Net to seller --- discounted distress sale)
- Original asking price: N150,000,000 (for reference)
- Payment: Prefer verified funds/bank transfer for quick completion (please confirm acceptable payment methods)
- Transfer: Subject to verification of Governor's Consent, agreed payment terms and completion of standard legal conveyancing

Due diligence recommendations

- Verify the Governor's Consent with the appropriate land authority
- Obtain an up-to-date survey/site plan and confirm boundaries
- Confirm building approvals, as-built plans and compliance with local planning regulations
- Check for any encumbrances, outstanding rates or taxes on the property
- Inspect structural condition and utilities; obtain professional valuation if required
- Review tenancy agreements and rental history (if applicable)


Red: Efosa