Property for Sale in Surulere, Lagos

For sale --- investment / development opportunity **video available** direct sale --- 571.3 sqm with solid building on-site owoseni, surulere c of o ₦120m (asking) property overview - type: direct sale --- land with existing building (sold as‑is) - location: owoseni, surulere, lagos state - size: 571.3 sqm - title: certificate of occupancy (c of o) --- clean title (documents available on request) - structure: existing solid storey building on-site comprising mini‑flats and self‑contained units (sold as‑is). all tenants have been evacuated --- property is vacant, immediate possession. - asking price: ₦120,000,000 (one hundred & twenty million naira) --- owner needs cash and is open to negotiation - suitable for: investors, developers, owner‑occupiers, value‑add refurbishers, serviced apartment operators, short‑term rental conversions or redevelopment (subject to planning) key highlights - prime surulere location: owoseni is a high‑demand, well‑connected residential/commercial node in surulere --- strong rental demand and excellent access to transport, retail, schools and commercial amenities. - vacant & ready for immediate handover: all tenants evacuated --- no tenancy complications for buyer. - clean title: c of o simplifies transaction and enables financing options. - flexible options for buyer: refurbish and lease for immediate cashflow; convert to serviced/student accommodation; or redevelop into higher density residential/retail mix (subject to lagos state planning approvals). - motivated seller: competitive asking price and openness to negotiation for quick closings. property details & asset condition - land area: 571.3 sqm --- regular rectangular plot (survey plan to be provided) - existing building: solid construction; comprises mini‑flats and self‑contained units. sold as‑is --- buyer to commission structural/building condition survey. - occupancy: vacant (all tenants evacuated). immediate access for inspection upon appointment. - utilities: mains electricity and water available in the area (buyer to confirm current service connections & capacity). - access: good internal road access within surulere; close to public transport nodes and major arterials. potential use cases (subject to planning) - value‑add refurbishment: quick cosmetic/mep upgrades and immediate leasing to maximize rental yield. - serviced apartments / short‑let units: ideal for corporate housing given surulere demand. - redevelopment: replace existing structure with modern multi‑storey residential block, mixed retail/residential, or higher density apartments (requires approvals). - institutional / commercial conversion: offices, clinics, or educational/hostel uses subject to local zoning. investor & developer appeal - attractive entry price for surulere central location with 571.3 sqm usable plot. - vacant status eliminates tenant relocation delays --- faster site mobilization. - good market for refurbished mini‑flats and short‑term accommodation in surulere. - potential for improved capital gains after upgrade or redevelopment. - certified copy of certificate of occupancy (c of o) and survey/site plan - proof of owner identity and chain of ownership; search for encumbrances/charges - building plans/architectural drawings (if available) and lagos state planning compliance history - structural/building condition survey and mechanical/electrical status (recommended) - utility connection records (electricity, water) and rates/tax clearance - evidence of tenant evacuation/possession documents (proof of vacant possession) - any outstanding government rates or legal encumbrances transaction / payment notes - asking price: ₦120,000,000 (owner is motivated and open to negotiation for cash buyers) - preferred: quick completion possible for buyer with proof of funds; escrow arrangement or solicitor-hold is recommended. - financing: property may be eligible for developer or commercial lending depending on buyer profile and lender requirements --- subject to title checks. viewing & next steps - viewings by appointment only. qualified buyers or their legal representatives will be required to provide proof of funds/id before detailed documents and on‑site inspections are released. contact: mr. kola adesina (edba) all detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed nda. serious proposals only. *how we work* tell us your needs (budget, location, size). our team reviews your request and assigns a dedicated relationship manager. we only source conflict-free land and properties with clear titles. we conduct due diligence and arrange site visits. viewings are by appointments only finalize purchase, rental or lease with legal support. *please feel free to browse our other featured properties* ref: emp...