18 bedroom block of flats for sale
Opebi, Ikeja, Lagos
Property listing: prime valueβadd block(s) of flats --- opebi, ikejalocation: opebi, ikeja, lagosland size: 520.003 sqmasking price: β¦400,000,000 (four hundred million naira)title: registered conveyance
overviewan exceptional buyβandβrenovate opportunity located in the secure and highly sought opebi/ikeja corridor. this asset comprises existing blocks of flats on a substantial 520.003 sqm parcel --- perfectly positioned for an investor or developer to refurbish for immediate rental uplift or undertake a higherβvalue repositioning scheme.
property highlights
- existing residential blocks offering a clear valueβadd play through renovation and professional management.
- generous land size (520.003 sqm) providing compound space for parking, landscaping or modest extensions.
- situated in a wellβsecured neighbourhood with estate character and strong tenant demand.
- title: registered conveyance --- documentation available for verification.
location advantages
- opebi/ikeja: prime mainland location with strong corporate and residential demand driven by proximity to ikeja gra, allen avenue, and major commercial hubs.
- excellent transport links: easy access to ikorodu road, allen/oba akran corridors and public transport nodes.
- close to key amenities: banks, shopping centres, hospitals, schools and corporate offices --- a reliable tenant catchment for professional and family lets.
- proven capital appreciation corridor with sustained rental market activity.
investment & redevelopment opportunities
- reposition and refurbish: upgrade units to modern finishes and facilities to command higher rents and reduce vacancy.
- rebrand for shortβlet/serviced apartments targeting corporate travellers and expatriates.
- moderate redevelopment: subject to planning, potential for adding value through reconfiguration, conversion to higherβgrade units or improved common areas.
- holdβandβmanage: immediate rental income while planning a phased redevelopment.
commercial case
- valueβadd investment: acquire at an asking price that allows room for renovation costs and targeted yield uplift.
- flexible exit strategies: stabilized rental income, sale of upgraded asset at premium, or full redevelopment for higher density/returns.
- institutional appeal: suitable for property funds, developer groups and highβnetβworth investors seeking opebi exposure.
documentation & due diligence
- title: registered conveyance --- prospective buyers may complete standard process to perfect title as required.
- recommended due diligence: physical inspection, occupancy/tenancy audit, structural survey, services/utilities check and verification of conveyance documentation. full documentation available on request to qualified parties.
sale terms & viewing
- asking price: β¦400,000,000 --- serious buyers only.
- viewings: by appointment for preβqualified purchasers (proof of funds required).
- transaction: preferred buyers prepared for a prompt closing given the asset's strategic location and investment potential.
contactfor confidential discussions, to obtain the dueβdiligence pack or to schedule a private inspection, contact:[agent / owner name]phone: [insert number] email: [insert email]
a strategic opebi asset offering immediate income potential and a highβreturn renovation/repositioning pathway --- recommended for investors seeking a prime mainland opportunit...
More details
₦400,000,000
The Build Centre Properties
09028190510