Development Opportunity Of Land With Demolishable Structure On Offer

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: Empire