28 Bedroom Property in Badore, Ajah, Lagos

For sale -- block of flats / apartments --- greenville estate, badore, ajah 690 sqm ₦110,000,000 (net) overview: rare ready‑income, renovated apartment block in greenville estate, badore (ajah). this turnkey asset comprises two 4‑bedroom flats plus ten self‑contained studio/room units (all rooms ensuite) totalling 18 ensuite rooms. sitting on 690 sqm, the property is fully renovated, vacant and priced to sell at ₦110 million net --- an attractive acquisition for investors seeking immediate rental income or a hands‑on owner‑operator. property summary - property type: residential block of flats / mixed unit apartment block - unit mix: 2 × 4‑bedroom flats + 10 × self‑contained room units (studio/room) - total rooms: 18 (all ensuite) - land size: 690 sqm - condition: renovated --- vacant and ready for occupation or letting - current / projected total annual rent: ₦9,000,000 (indicative) - asking price: ₦110,000,000 (one hundred and ten million naira) --- net key features & highlights - renovated and well‑maintained block offering modern, practical finishes suitable for immediate letting. - all rooms ensuite --- strong appeal to professionals, single tenants and small families. - mix of family apartments and self‑contained units provides diversified rental income streams. - located within greenville estate --- secure estate environment attractive to tenants. - efficient use of 690 sqm plot with parking and external circulation areas (confirm exact parking count on inspection). - vacant possession --- immediate occupation, letting or light re‑branding possible. investment appeal & use cases - buy‑to‑let investor: diversify rental portfolio with mixed unit types and steady annual income. - owner‑occupier with rental subsidy: live in one unit and rent remaining units for income. - short‑stay / serviced apartment conversion: with targeted furnishing and management, units could command premium nightly rates. - student or staff housing for nearby employers or institutions (subject to demand and approvals). financial & yield notes - stated total annual rent: ₦9,000,000 (useful as a baseline for rent roll; actual income will depend on occupancy, rent levels and management). - attractive entry price relative to replacement cost --- renovation already completed, reducing near‑term capex. - investors should build a cashflow model incorporating vacancies, management fees and service costs to assess yield. due diligence & recommended checks - title & documentation: request certified title documents (c of o / deed / conveyance or other) and instruct solicitors for verification. - tenancy & financials: request historic rent roll (if any), operating expenses and service charge details. - technical: inspect the property; obtain a basic snagging/condition report (roof, mep, plumbing, electrics) despite recent renovation. - legal & compliance: confirm planning/use permissions, estate bye‑laws and any outstanding rates or levies. - utilities: verify power, water and waste arrangements and any borehole/generator provisions. viewing & sale process - viewings: by appointment only --- proof of funds or serious buyer pre‑qualification required before full dossier and site access are released. - offers: submit a letter of intent (loi) with buyer profile and proof of funds. shortlisted buyers will receive full documentation and be invited for inspection. - transaction: standard solicitor‑led conveyancing; buyer to budget for legal fees, stamp duty and registration charges. note: all information is provided in good faith and should be independently verified by prospective buyers and their advisers. price and availability are subject to prior sale. 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: nn...