16 bedroom house for sale
Alaka Estate, Alaka, Surulere, Lagos
Property listing: distress sale --- 7‑bedroom detached building (converted to 16‑room hotel) --- alaka estate, surulerelocation: alaka estate, surulere, lagosland size: 637 sqmtitle: governor's consent (local authority documentation)asking price: ₦380,000,000 (three hundred and eighty million naira)
overviewurgent sale of a substantial detached property on a generous 637 sqm plot within the established alaka estate enclave of surulere. originally a 7‑bedroom residence with a boys' quarter, the building has been converted into a 16‑room hotel and presents multiple options for an investor, operator or developer prepared to refurbish and reposition the asset.
property condition & features
- existing layout: converted 16 guest rooms (previously structured as a 7‑bedroom detached house plus bq)
- land size: 637 sqm --- provides outdoor circulation, parking and potential for extension or ancillary facilities
- built form: solid structural shell (age/condition to be confirmed by inspection)
- services: basic services in place (water/electricity) --- full operational recommissioning likely required for hotel use
- possession: available subject to negotiation
location advantages
- alaka estate, surulere: well‑established residential and commercial neighbourhood with strong domestic demand and proximity to lagos mainland hubs
- good access to major transport routes, commercial centres and local amenities --- attractive catchment for short‑stay guests, business travellers and local events
- proximity to corporate offices, recreational facilities and entertainment nodes in surulere/ikeja corridors
potential use cases & value‑creation strategies
- rehabilitate and re‑commission as a boutique hotel / guest house (rebrand and target corporate and leisure guests)
- revert to a spacious family residence or convert into serviced apartments/short‑stay units for higher yields
- redevelop or extend (subject to planning/la approvals) to increase room count or add commercial ground‑floor uses (f&b, retail, office)
- long‑term hold as a landbank given surulere's steady demand and limited large parcel availability
investment considerations & risks
- sale classified as "distress" --- priced to reflect need for refurbishment and repositioning; buyers should allow a renovation budget.
- recommended pre‑purchase checks: structural survey, mep audit, fire & life safety compliance, verification of conversion legality, and confirmation of service connection capacities.
- title: governor's consent --- purchasers should confirm perfection pathway (assignment/registry requirements) with a legal adviser.
price & terms
- asking price: ₦380,000,000 --- motivated sale to qualified buyers.
- preferred buyers: investors, hotel operators, developers and high‑net‑worth individuals prepared for refurbishment or repositioning.
- proof of funds required for viewing and document release.
due diligence & viewing protocol
- documents: governor's consent and supporting paperwork available for verification under nda.
- site inspection: strictly by appointment for pre‑qualified buyers; accompanied viewings only.
- recommended immediate actions for buyers: title verification, site structural assessment, planning constraints review and costed refurbishment estimate.
contactfor confidential enquiries, to request the information pack, or to schedule a vetted inspection, contact:[agent / owner name]phone: [insert phone number] email: [insert email]
this is a time‑sensitive acquisition presenting multiple repositioning pathways --- suitable for buyers who can execute refurbishment or redevelopment to unlock immediate and longer‑term valu...
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₦380,000,000
The Build Centre Properties
09028190510