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Listing title
For Sale ---
Luxury 5‑Bedroom Duplex + 5 Additional Flats (Separate Gate) --- Hosana Estate, Ago Palace Way, Okota
₦360,000,000
Overview
A superb investment and family compound in secure Hosana Estate, Okota --- an elegant 5‑bedroom duplex (all rooms en‑suite) with two parlours plus a separately‑accessed block of five flats. The secondary block includes 2 x 2‑bed flats, 1 x 3‑bed flat and 3 x mini‑flats --- ideal for immediate rental income, multi‑family living or owner‑occupation combined with yield. The property benefits from 24‑hour power and good estate services, and is offered with Survey, Receipt and Agreement documents.
Property summary
- Property type: Residential compound --- main detached 5‑bed duplex + separate 5‑unit flat block (own gate)
- Unit mix:
- 1 x 5‑bedroom duplex (all en‑suite, two parlours)
- 2 x 2‑bedroom flats
- 1 x 3‑bedroom flat
- 3 x mini‑flats
- Location: Hosana Estate, Ago Palace Way, Okota, Lagos
- Title / documents: Survey plan, Receipt and Agreement (available for inspection)
- Asking price: ₦360,000,000 (Three hundred and sixty million Naira)
Main house --- key features
- Five bedrooms, all en‑suite (including master suite with premium fittings)
- Two formal parlours (ideal for entertaining and family living)
- Contemporary finishes, fitted wardrobes and quality joinery throughout
- Modern kitchen and utility / pantry areas
- 24‑hour power supply (estate/backup arrangements)
- Ample private compound space and secure perimeter fencing
Additional flat block --- configuration & benefits
- Separate entrance/gate ideal for independent letting or staff accommodation
- 2 x 2‑bed flats --- family‑sized units suitable for long‑let tenants
- 1 x 3‑bed flat --- larger unit for higher rental return
- 3 x mini‑flats --- strong yield potential and flexible occupancy options
- Compound parking and private circulation for tenants
Estate & neighbourhood advantages
- Hosana Estate offers managed living with security and community infrastructure along Ago Palace Way --- good access to local commerce, transport links and services
- 24‑hour electricity reduces operational risk for short‑let or long‑let operations
- Proximity to schools, markets and commuter routes serving Lagos mainland and island connections
Investment & use cases
- Owner‑occupier with rental income from the flat block --- excellent for extended families or corporate housing with income offset
- Pure investment: immediate rental stream from the five flats and strong tenant demand in Okota/Agbado corridors
- Short‑stay/serviced apartments (subject to estate rules): convert units for higher nightly rates if market supports it
- Block sale: attractive packaged acquisition for investors seeking a consolidated multi‑unit asset
Title & due diligence
- Documents available: Survey, Receipt and Agreement --- provided to qualified buyers and solicitors for verification.
- Recommended due diligence: solicitor title search, verification of documentation, inspection of utility and power arrangements, review of tenancy schedule (if tenanted) and a basic structural/condition check.
Viewings & sale process
- Viewings: By appointment only for pre‑qualified buyers. Proof of funds or bank reference required before document release and site inspection.
- Offers: Submit a Letter of Intent (LOI) with buyer profile and proof of funds. Shortlisted buyers will receive full dossier and be invited for inspection.
- Transfer: Standard conveyancing; buyer to budget for legal fees, stamp duty and registration costs.
Note
All information is provided in good faith and should be independently verified by prospective buyers and their legal advisers. Price and availability are subject to prior sale.
Property Ref: 3110576 | Added On: 23 Sep 2025 | Last Updated: 23 Sep 2025 |
Market Status: Available | Type: House | Bedrooms: 15 |
Bathrooms: 15 | Toilets: 15 | Parking Spaces: 10 |
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Ajao Estate is in a decent and reserved area. It is serene and has top-notch security. The roads are tarred and houses well organised. Jakande Estate, Peace Estate, Ire-Akari Estate and Ilamose Estate are other popular estates.
Visit Aafin Alayeluwa, the Osolo of Isolo. Try out tasty homemade and local dishes at Molabat Kitchen, Africana Restaurant, or Ile Alamala. Tantalizers is available to provide fast food service for its residents.
PEFTI Film Institute, Nigeria's leading private film and television production company, had its beginnings in Isolo. Oke-Afa Memorial Arcade is a memorial park dedicated to those who lost their lives in an armoury explosion at the Ikeja military cantonment.
Carabana Lounge is a popular hangout for locals and tourists alike. The lighting and ambiance create a sense of sleek comfort and style, which is a pleasant surprise. In addition, there is a Suya spot that is highly regarded in the area.
Laurel Schools and Mayday Schools are two great schools in Isolo, Lagos. Laurel Schools believe that every child has an innate gift/ability that is only waiting to be discovered. St Monica schools offer nursery, primary and secondary education. Headstart Private School, Penckers School, Marybene School, Masters Ville Schools, Kembos Group of Schools and Redwood Academy are also excellent.
Read the full area guide for Isolo, Lagos.
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