Abaranje, Alimosho, Lagos
₦270,000,000
| Property Ref: 3189150 | Added On: 06 Nov 2025 | Last Updated: 06 Nov 2025 |
| Market Status: Available | Type: Commercial Property | Total Area: 929 sqm |
FOR SALE- WATCH VIDEO ABOVE
COMMERCIAL / MIXEDUSE PROPERTY FOR SALE ---
ABARANJE (TARRED ROAD)
Title: Prime Corner Property with 35 Flats & 7 Shops ---
Ideal for Hotel, Hospital or Residential Redevelopment
PROPERTY SUMMARY
- Building: 35 selfcontained flats and 7 groundfloor shops on a prominent corner piece.
- Land Size: 2 standard contiguous plots --- approx. 2 50 ft 100 ft 929 sqm (approx. 464.5 sqm per plot). Exact area per the REGISTERED SURVEY available on request.
- Location: Abaranje --- directly on a tarred road with excellent vehicular access and street visibility.
- Title & Documents: Registered survey and official receipt in hand.
- Ownership: Owner alive and ready to transact --- sale can proceed quickly.
- Asking Price: 270,000,000
- Net Price (after fees/commission): 260,000,000
STRATEGIC ADVANTAGES
- Corner frontage on a tarred road giving dual-street access, excellent signposting and high footfall.
- Existing built asset (35 flats + 7 shops) provides immediate rental income or can be demolished/redeveloped for higher value.
- Registered survey reduces title risk and expedites due diligence and closing.
- Flexible redevelopment options --- suitable for hospitality, healthcare, large residential scheme, or mixed commercial use.
IDEAL USE CASES
- Hotel / Guest House: Convert flats into rooms/suites; shops for F&B, reception or retail.
- Hospital / Clinic: Ample floorspace for wards, consulting rooms, labs and pharmacy.
- Residential Redevelopment: Redevelop into modern apartments, serviced flats or gated units.
- Mixed Commercial: Ground-floor retail with residential or office floors above.
INVESTMENT HIGHLIGHTS
- Scale: Large footprint (~929 sqm) in a single contiguous holding --- rare in Abaranje.
- Income & Value-Add: Maintain current rental stream while redeveloping in phases for minimal vacancy loss.
- Marketability: Corner plots on tarred roads command premium rents and faster tenancy absorption.
- Transaction readiness: Registered survey + receipt and an owner prepared to sell facilitate a smoother transaction.
ADDITIONAL INFORMATION (AVAILABLE ON REQUEST)
- Tenancy schedule and current rental income statement
- Photographs, floor plans and condition report
- Certified exact sqm from the registered survey
- Copies of title documents and payment receipts
TAGS
#Abaranje #CornerPlot #CommercialProperty #HotelSite #HospitalSite #ResidentialRedevelopment #RegisteredSurvey #LagosRealEstate #PropertyForSaleAll detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
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