Land for sale
Owoseni Street, Surulere, Lagos
For sale --- investment / development opportunity
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.
(documents & checks buyers should request)
- 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 releas...
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₦120,000,000
The Build Centre Properties
09028190510