Off Lasu-igando Road, Igando, Alimosho, Lagos
₦250,000,000
| Property Ref: 3201181 | Added On: 13 Nov 2025 | Last Updated: 13 Nov 2025 |
| Market Status: Available | Type: Hotel / Guest House | Bedrooms: 22 |
| Bathrooms: 22 | Toilets: 22 | Total Area: 932 sqm |
PROPERTY LISTING: 22ROOM HOTEL --- IGANDO (OFF ISHERI / LASUIGANDO ROAD)Location: Igando (off Isheri / LASUIgando Road), LagosLand Size: 1.5 plots (932 sqm)Asking Price: 250,000,000 (Two Hundred and Fifty Million Naira)Title / Documents: Purchase Receipt - Registered Survey Plan - Deed of Assignment
OVERVIEWTurnkey hospitality asset in a prime, hightraffic corridor --- a 22room hotel occupying approximately 932 sqm (1 plots) and positioned just one plot from the expressway. The property is ideal for operators, investors or developers seeking immediate market entry into the busy Isheri/LASUIgando catchment with strong corporate, student and transit demand.
KEY FEATURES & ASSETS
- Accommodation: 22 guest rooms (varied room types) arranged for operational efficiency
- Power: Dedicated transformer on site for stable power supply and load resilience
- Parking: Ample onsite car parking for guests and staff (suitable for small coach/fleet parking depending on layout)
- Leisure & F&B: Onsite bar and guest lounge areas for F&B revenue streams
- Site: Generous compound with potential for outdoor activations, additional parking or small extensions
- Condition: Operational-ready shell (verify operational status and any refurbishment needs during inspection)
LOCATION ADVANTAGES
- Immediate proximity to LASUIgando/Isheri express corridor --- high visibility and exceptional passing traffic for transient guests
- Strong demand drivers: nearby institutions, corporates, commuters and students producing steady occupancy potential
- Strategic access to Lagos mainland and interstate routes --- convenient for shortstay business and leisure travellers
- Close to amenities: retail, transport nodes and roadside commerce that support hotel patronage
INVESTMENT HIGHLIGHTS & USE CASES
- Hospitality operation: recommission or continue as a 22room hotel targeting corporate and shortstay markets
- Conversion options: serviced apartments, student accommodation, or shortlet suites for higher yields (subject to planning approvals)
- Event income: monetize bar/lounge and onsite spaces for small events and F&B services
- Land value: 1.5 plots in a nearexpress location provides redevelopment optionality as area values appreciate
DOCUMENTATION & DUE DILIGENCE (RECOMMENDED)
- Documents available: Receipt, Survey Plan and Deed of Assignment --- purchaser should verify chain of title and complete assignment process.
- Recommended technical/legal checks: structural/building inspection, fire & safety compliance, utility and transformer certification, verification of occupancy/operational licences (where applicable), and environmental/soil checks if expansion is planned.
- Financial diligence: review historical occupancy, revenue and expense records (if operational) to model prospective yields.
PRICE & TERMS
- Asking Price: 250,000,000 --- motivated seller; price quoted for full asset and land.
- Viewings & Offers: Inspections by appointment for prequalified buyers only. Proof of funds required prior to document release and site access.
- Negotiation: Serious, qualified offers will be entertained following due diligence.
VIEWING & CONTACTFor the information pack, to arrange a confidential inspection or to submit a formal expression of interest, contact:[Agent / Owner Name]Phone: [Insert phone number] Email: [Insert email]
This is a strategically sited hotel asset in a highdemand corridor --- suitable for operators, investors and developers seeking immediate presence near the LASUIgando express route. Serious enquiries only.
