Olarewaju Ariyibi Crescent Off Isheri Road, Igando, Ikotun, Lagos
₦200,000,000
| Property Ref: 3090963 | Added On: 12 Sep 2025 | Last Updated: 14 Oct 2025 |
| Market Status: Available | Type: Hotel / Guest House | Bedrooms: 22 |
| Bathrooms: 22 | Toilets: 24 | Parking Spaces: 12 |
| Furnishing: Furnished | Total Area: 1,200 sqm |
WATCH VIDEO ABOVE
Listing Title:
Hotel For Sale --- 22Room Fully Furnished Hotel with Restaurant & Bar --- IgandoIsheri Road (Near Hotel & Odo Eran Bus Stops)
Price: 200,000,000 (Not Negotiable)
(VIDEO AVAILABLE)
Overview:
Rare investment opportunity to acquire a fully furnished 22room hotel located on IgandoIsheri Road, Akowonjo. The property is being offered as a going concern (turnkey hospitality business) or as development land with demolishable structures --- flexible for an investor, operator or developer. Wellappointed guest rooms, F&B outlet(s), substantial plant & equipment and robust backup power make this a highvalue, immediately revenuegenerating asset in a prime commuter location.
Key Details
- Property type: Hotel / Hospitality asset (or development land if buyer chooses demolition)
- Rooms: 22 guest rooms --- fully furnished
- Additional assets: Restaurant & indoor bar; openair bar/entertainment area
- Plant & equipment included: beds, fridges, air conditioners, furniture, fittings, kitchen equipment (sold with property)
- Power backup: 30 kVA soundproof CAT generator + 3.5 kVA fuel generator
- Title / Documentation: Survey and Deed of Assignment (available for inspection)
- Location: IgandoIsheri Road, Akowonjo LG --- close to Hotel bus stop and Odo Eran bus stop
- Price: 200,000,000 (Fixed)
- Sale basis: As a going concern OR as development land (buyer to confirm intended use)
Property Features & FitOut
- 22 fully furnished rooms ready for immediate operation (inventory and room mix available on request)
- Functional restaurant and indoor bar configured for hotel guests and external patrons
- Open space bar/entertainment area suitable for events, social nights and extra F&B revenue
- Commercial kitchen equipment and coldstorage included
- Air conditioning installed in guest rooms and key common areas
- Secure compound with parking and ease of access for guests and deliveries
- Strong plant: 30 kVA soundproof CAT generator for reliable power; 3.5 kVA generator for light loads/standby
Location & Market Advantages
- Prime roadside location on IgandoIsheri axis --- high visibility and easy access for road users and intercommunity travellers
- Close to major bus stops (Hotel & Odo Eran), increasing walkin traffic and patronage
- Good catchment of business travellers, local tourists, contractors and commuter demand along the corridor
- Proximity to residential estates, road networks and commercial activity supports steady occupancy and F&B patronage
Business & Investment Appeal
- Turnkey hospitality business --- immediate revenue potential with existing physical assets and operational fitout
- Asset can be held as an income producing property or redeveloped into higher value uses (residential, mixeduse or larger hospitality product) subject to planning approvals
- Included equipment reduces capex for a new operator and accelerates time to trading
- Generator capacity provides resilience in an area where reliable power supply is a competitive advantage
Title, Documents & Due Diligence
- Documents available: Survey and Deed of Assignment --- originals to be made available to serious buyers
- Recommended buyer due diligence:
- Verify Survey & Deed of Assignment at Land Registry
- Confirm any outstanding rates, taxes or levies
- Check business licences, health/fire safety certificates, and food service permits (if operating)
- Inspect plant & equipment inventory and condition schedule
- Review financials (if acquiring as a going concern): occupancy, revenues, operating costs and staff contracts
- Physical inspection of building fabric, roof, plumbing, electrical and generator servicing records
Price & Terms
- Price: 200,000,000 (Two Hundred Million Naira) (Not Negotiable_
- Price quoted for sale of property and included fixtures/contents as listed; final terms negotiable for credible/ready buyers
- Buyer to bear customary acquisition costs (legal fees, stamp duty, transfer fees) unless otherwise agreed
- Proof of funds required before full document release and accompanied viewings
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: Blue Ivy
