For sale
high‑yield mixed‑use family compound ---
21 shops -
4 halls -
16 apartments ---
adjacent to adisa akintoye, ketu
freehold (registered deed) --- ₦350,000,000
price & title
- asking price: ₦350,000,000 (three hundred and fifty million naira)
- title: freehold --- registered deed (clean, transferable title held by family owner)
location & availability
- location: fadiya, adjacent to adisa akintoye, ketu --- a busy, well‑connected commercial/residential node on lagos mainland.
- land holding: approximately 2½ plots (contiguous family compound).
- availability: for immediate sale. vacant possession/transfer terms to be agreed at sale.
executive summary
a substantial family compound offering an established income stream and strong redevelopment upside in ketu. the asset comprises 21 street‑facing shops, 4 large halls (event/assembly spaces) and 16 self‑contained apartments across c.2½ plots --- all held on freehold title with a registered deed. this is an ideal acquisition for investors, owner‑occupiers, developers or capital groups seeking a mixed‑use asset with immediate cashflow and medium‑term value‑add potential.
asset composition
- retail: 21 shops (street/frontage retail units ideal for traders, smes, convenience stores, salons, logistics pick‑up points)
- halls: 4 halls --- suitable for events, church services, training centres, community gatherings or commercial hire (weddings, meetings)
- residential: 16 self‑contained apartments --- mix of 1--2 bedroom units (ideal for rental market)
- site: family compound on approximately 2.5 plots (regular shape, good frontage and circulation)
investment highlights
- diversified income streams: retail rents + event hall hire + residential rents provide resilience and immediate cashflow.
- prime local position: adjacent to adisa akintoye and within a densely populated catchment that supports strong retail footfall and consistent residential demand.
- freehold with registered deed: clean title simplifies conveyancing and supports financing for qualified buyers.
- scale & flexibility: compound size and mix support hold‑to‑let investment, phased refurbishment, partial redevelopment or resale of individual components.
- value‑add potential: professional management, selective refurbishment of apartments and halls, re‑tenancing and rent optimisation can materially improve returns.
typical commercial & yield profile (indicative)
- current income: (to be verified during due diligence) --- buyer to obtain rent roll, tenancy agreements and historic income statements.
- upside levers: rent reversion through refurbishment, improved occupancy, consolidated leasing to institutional tenants, conversion of halls to higher‑yield uses (studios, co‑working, formal event spaces) or minor densification subject to planning.
why buyers should consider this asset
- turnkey scale: immediate multi‑line revenue with low entry complexity compared with greenfield development.
- market fundamentals: strong demand for affordable apartments and street retail in ketu ensures tenancy depth.
- strategic flexibility: retain cashflow and refurbish for yield, or redevelop portions for higher density residential/commercial product (subject to approvals).
- family sale clarity: owned and managed by a family (seller represented by family custodian) with a disposition to transact.
practical details & condition
- physical condition: mixed; certain units/blocks may require refurbishment --- detailed condition report and photographs available to qualified buyers.
- services: standard municipal connections (power, water) --- confirm capacity and metering during technical due diligence.
- parking & circulation: on‑site compound space for tenant parking and deliveries; layout supports retail activity and hall events.
documentation & data room (available on request)
- registered deed (title) --- originals available for legal verification
- site particulars and approximate plot configuration (survey/plan available on request)
- current tenancy schedule / rent roll and copies of major tenancy agreements (to be provided to qualified buyers)
- photographs and schematic layout of compound
- any available compliance/utility receipts
recommended due diligence checklist
- legal: title verification and encumbrance search; confirmation of family ownership and signatory authority for sale.
- financial: detailed rent roll, historic income statements, arrears, operating expenses and tenant deposit records.
- technical: structural survey of buildings, roof condition, electrical and plumbing checks, fire & safety review for halls.
- planning: confirm permissible redevelopment density and any local authority constraints for redevelopment or change of use.
- environmental & safety: basic site screening (waste, drainage) where applicable.
ideal buyer profile
- property investors seeking immediate rental yield and portfolio diversification.
- developers and syndicates looking for a value‑add or small‑scale redevelopment opportunity in a high‑demand location.
- institutional buyers or family offices seeking a stable, multi‑income asset with upside.
- owner‑occupiers or operators wanting retail frontage plus residential accommodation for staff/tenants.
transaction process & next steps
- qualified buyers: submit expression of interest (eoi) with proof of funds (pof) or bank reference.
- nda: will be executed before detailed documentation and rent roll are released.
- inspection: site inspection and document review arranged for shortlisted buyers.
- offer & completion: heads of terms, deposit and formal conveyancing to be agreed; sale will complete via registered deed transfer.
legal & disclaimer;
all information provided is indicative and supplied in good faith. buyers must undertake independent legal, technical and financial due diligence. price, availability and particulars may change without notice.
this is a rare mixed‑use compound asset in ketu with diversified income and strong redevelopment potential. serious, qualified buyers and investors are invited to submit eoi for immediate review and inspection.
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
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