17 bedroom block of flats for sale
Ijegun, Ikotun, Lagos
Property type: income‑producing block of flats (residential)location: ikotun / ijegun --- short walk to the local bus stop and convenient for commuterstitle: certificate of occupancy (c of o) --- available for verificationasking price: ₦110,000,000
property overview
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a solid, well‑finished block of flats offering immediate rental income and strong redevelopment potential in a high‑demand residential corridor. the property is positioned close to public transport and neighbourhood amenities, making it attractive to tenants and investors seeking steady cashflow with low vacancy risk.
unit mix
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- 6 × 2‑bedroom apartments
- 5 × room‑and‑parlour apartments (one unit operates as a self‑contained)total units: 11 (please confirm unit breakdown during inspection)
key features & finishes
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- gerard round roofing --- durable and low maintenance
- full pop ceilings throughout --- modern interior finish
- fully tiled floors in all units --- easy upkeep and good presentation
- built on more than one contiguous plot --- scope for expansion or redevelopment (subject to approvals)
- secure, floored and gated compound with perimeter fencing for tenant privacy and safety
- practical layouts designed for long‑term tenancy
title & documentation
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- certificate of occupancy (c of o) --- certified copy available for pre‑inspection review
- buyers should perform standard due diligence: title verification, boundary confirmation and solicitor engagement prior to payment
investment highlights
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- immediate rental revenue from 11 income units --- diversified cashflow reduces vacancy risk
- strong tenant catchment due to proximity to public transport (bus stop a few houses away) and local amenities
- multi‑plot holding offers flexibility for future value‑adding redevelopment or expansion
- well‑finished units minimise near‑term capital expenditure and expedite tenant placement
suggested uses
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- buy‑and‑hold rental investment for steady income
- value‑add refurbishment and rental repositioning for higher yields
- owner‑occupier occupying a larger unit and letting the remainder to offset mortgage/service costs
sale terms & viewings
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- asking price: ₦110,000,000 (sensible offers considered for quick/compliant buyers)
- viewings by appointment only; prospective buyers to provide proof of funds and valid id prior to inspection
- certified copies of the c of o, survey plan and property photos available on request to qualified purchasers
- reservation deposit and sale terms to be agreed upon offer acceptance; buyer's solicitor recommended for conveyancing
what we can provide on request
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- high‑resolution photographs, unit floor plans and tenancy schedule (if occupied)
- certified copies/scans of the c of o and survey plan
- indicative rental income projection and yield analysis based on current market comparables
- introductions to solicitors, surveyors and property managers for post‑acquisition support
note: information provided by the vendor and subject to verification. prospective purchasers must carry out independent due diligence and legal checks prior to commitmen...
More details
₦110,000,000
The Build Centre Properties
09028190510