1000sqm + Block Of 6 X 2 Bedroom Flats

Listing titleFor Sale --- 1,000 sqm + Block of 6 × 2‑Bedroom Flats --- Kodesho St (Off Oba Akran), Lagos ₦500,000,000 (Net)

OverviewAttractive investment lot in a convenient Ogba/Isolo corridor location --- a 1,000 sqm parcel on Kodesho Street (off Oba Akran) with six (6) two‑bedroom flats on the site. Offered at ₦500 million (net), this ready income asset is ideal for buy‑to‑let investors, developers or owner‑occupiers seeking immediate rental cashflow and redevelopment upside.

Property summary

- Product: Block of flats (6 × 2‑bedroom units) on single 1,000 sqm plot
- Location: Kodesho Street, off Oba Akran, Lagos --- accessible urban location with good road links
- Asking price: ₦500,000,000 (Five hundred million Naira) --- Net
- Condition: Please confirm current occupancy and internal condition on inspection (photos available on request)

Key features & benefits

- Six practical 2‑bedroom self‑contained flats --- diversified rental income stream under one title
- Substantial 1,000 sqm plot offers scope for expansion, additional parking, landscaping or increased density (subject to planning approvals)
- Strong rental market in the Oba Akran / Ogba corridor --- attractive to families and professionals
- Single‑title block simplifies management and sale compared with multiple free‑standing titles

Suggested uses & investor appeal

- Continue as an income property: professional letting or multi‑unit rental management
- Value‑add: refurbish units to increase rents and capital value
- Redevelop / densify: expand or rebuild a higher‑density scheme (subject to planning consents)
- Owner‑occupier: live in one unit and let the rest to offset costs

Recommended due diligence & documents required

- Title verification: request certified title document (C of O / Deed / Registered Conveyance) and have your solicitor verify chain of ownership.
- Tenancy & income: obtain tenancy schedule, current rents and utility/payment status (if tenanted).
- Technical inspection: structural & MEP check, roof, plumbing and electrical condition and any required remedial works.
- Survey: confirm plot dimensions against certified survey and boundary pegs on site.
- Planning: check allowable coverage/setbacks and any estate or local authority restrictions for redevelopment.

Viewing & sale process

- Viewings: By appointment only for pre‑qualified buyers. Proof of funds or credible bank reference will be requested prior to document release and site access.
- Offers: Submit a Letter of Intent (LOI) with buyer profile and proof of funds. Shortlisted buyers will receive full dossier (title, survey, photos) and be invited for inspection.
- Transfer: Standard solicitor‑led conveyancing; buyer to budget for legal fees, stamp duty and registration.

NoteAll particulars are provided in good faith and should be independently verified by prospective buyers and their advisers. Price and availability are subject to prior sale.