Amuwo Odofin, Lagos
₦280,000,000
| Property Ref: 3169654 | Added On: 26 Oct 2025 | Last Updated: 26 Oct 2025 |
| Market Status: Available | Type: Commercial Property |
FOR SALE- WATCH VIDEO ABOVE
Distress Sale --- MultiAsset Compound: 12 MiniFlats + 2 Large Warehouses + 3Bed Flat + Security House --- Amuwo Odofin C of O --- 280,000,000
Price & Title
- Asking price: 280,000,000 (Two Hundred and Eighty Million Naira) --- distressed sale: motivated owner seeking quick close.
- Title: Certificate of Occupancy (C of O) --- originals available for verification.
Location & availability
- Location: Amuwo Odofin, Lagos --- accessible mainland location with strong tenant and industrial/commercial catchment.
- Availability: Immediate sale. Vacant possession or sale with current tenancies (to be confirmed at inspection and in the sale terms).
Property overview
A highvalue, mixeduse investment compound offered at a distressed price: the site comprises a cluster of residential units and commercial warehouses set on a single compound. This readyscale asset is ideal for investors, operatoroccupiers or developers seeking immediate rental income, lastmile logistics exposure or shortterm value uplift through refurbishment and professional management.
Asset composition
- 12 miniflats --- compact selfcontained units providing strong rental demand and high persqm yields.
- 2 large warehouses --- heavy commercial/industrial bays suitable for storage, distribution, light manufacturing or leasing to 3PL/FMCG operators (exact sizes to be confirmed on inspection).
- 1 3bedroom flat --- larger family unit for premium rent or manager's accommodation.
- 1 security house --- onsite security accommodation facilitating 24/7 compound management.
- Compound: communal circulation, loading/unloading area for warehouses and resident parking (layout to be confirmed).
Key selling points & investment appeal
- Distressed pricing: strong upside --- priced for a quick sale to a buyer able to proceed promptly.
- Diversified income streams: residential miniflats and commercial warehouses diversify revenue and reduce vacancy risk.
- Immediate scale: 12 small units provide instant aggregated rent roll; warehouses add highvalue tenants or logistics use.
- Conversion & redevelopment potential: site may be reconfigured, upgraded or partially redeveloped for higher returns (subject to planning).
- C of O title increases bankability and simplifies legal verification for buyers and financiers.
Condition & practical notes
- Property sold asis. Internal condition, occupancy status and equipment levels vary by unit --- full inspection recommended.
- Warehouse specifications (clear height, floor loading, roller doors, yard dimensions) to be verified on site.
- Services: electrical and water provision to be confirmed; buyer to inspect and budget for any required repairs or upgrades.
Recommended buyer uses
- Hold & operate: institutional or private landlords for steady rental cashflow.
- Logistics play: lease warehouses to 3PLs, wholesalers or distributors servicing Lagos.
- Valueadd: renovate miniflats and common areas, professionalise management to increase rents and capital value.
- Redevelopment: subject to planning, intensify residential density or repurpose warehouses for highervalue uses.
Due diligence checklist (recommended)
- Legal: verify C of O and chain of title; check for encumbrances and rates arrears.
- Technical: structural survey of residential blocks and warehouses; roof, slab, drainage and electrical system checks.
- Operational: tenancy audit (rent roll, deposits, lease terms) if units are tenanted.
- Environmental & compliance: basic screening for contamination / industrial use impacts on site.
- Financial: model current income, capex required and exit options before offer.
Sale process & viewing
- Serious buyers only: proof of funds or bank reference required to arrange data access and inspection.
- Inspection: viewings by appointment with the mandated agent; full documentation (title, survey, tenancy schedule where available) released under NDA to qualified parties.
- Transaction: formal offer heads of terms deposit legal conveyancing and completion.
Final note
A rare mixeduse compound at a distressed price offering immediate scale and multiple value avenues. Ideal for buyers capable of swift due diligence and prompt completion. Qualified parties are encouraged to submit proof of funds to arrange inspection and receive the full asset pack.
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.
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