Marine Road, Apapa, Lagos
₦5,500,000,000
| Property Ref: 3144074 | Added On: 13 Oct 2025 | Last Updated: 20 Oct 2025 |
| Market Status: Available | Type: Commercial Property |
For Sale --- WATCH VIDEO ABOVE
Large Residential/Commercial Compound: 2 Buildings (24 3Bedroom Flats) ---
Marine Road, Apapa
C of O
5.5B
Overview: Fantastic, highscale Apapa opportunity: a substantial compound on c. 5,000 sqm comprising two substantial buildings with a total portfolio of threebedroom flats (unit mix and exact count available on request). The units are generously sized and finished to family standards with all rooms ensuite. Sitting on a sizeable landholding on Marine Road, this asset is ideal for continued residential letting, institutional housing, conversion to serviced apartments/hotel, or a commercial redevelopment. Clear Certificate of Occupancy (C of O) --- attractive for investors and owneroccupiers seeking scale in a strategic portside location.
Property summary
- Location: Marine Road, Apapa, Lagos
- Land area: c. 5,000 sqm (single consolidated compound)
- Buildings: 2 substantial blocks housing multiple 3bedroom flats (all rooms ensuite) --- detailed unit schedule available on request
- Unit count: advertised as a large block portfolio (c. 24 units) --- seller will confirm exact mix and floor plans to qualified buyers
- Title: Certificate of Occupancy (C of O) --- certified documents available for verification
- Asking price: 5,500,000,000 (Five billion, five hundred million Naira)
Key features & benefits
- Significant scale: large contiguous land and building footprint provides institutional scale and redevelopment flexibility.
- Unit specification: spacious 3bedroom flats with ensuite rooms --- strong appeal to families, corporate housing and longstay tenants.
- Versatile location: Marine Road, Apapa is strategically positioned for portrelated housing, staff accommodation, logistics staff housing and mixed commercial uses.
- Redevelopment potential: site large enough for conversion to serviced apartments, boutique hotel, corporate housing campus or mixeduse commercial/residential scheme (subject to planning).
- Clear C of O supports institutional acquisition and project financing.
Suitable uses
- Buytolet residential portfolio / institutional staff housing
- Shortstay / serviced apartments or hotel conversion (subject to approvals)
- Corporate housing for logistics, shipping or oil & gas companies
- Mixeduse redevelopment combining retail/office ground floors with residential above
- Landbank for longterm strategic repositioning
Due diligence & recommended checks
- Title & legal: verify C of O, chain of ownership and any encumbrances with your solicitor.
- Technical: request measured plans, structural & MEP condition reports and commission a site inspection and snagging/condition survey.
- Commercial: obtain current rent roll, tenancy schedule and operating costs (if income producing).
- Planning & statutory: confirm permissible uses, coverage and any port/municipal conditions with Lagos State planning authority.
- Environmental & flood risk: screening recommended given port/riverine proximity.
- Utilities: confirm power, water and drainage capacity for continued operation or conversion.
Sale process & viewing
- Viewings by appointment only for prequalified buyers --- proof of funds required before release of full dossier and site access.
- Documentation: certified C of O, unit schedule, floor plans and condition photos available to qualified parties under NDA.
- Offers: submit Letter of Intent (LOI) with buyer profile and PoF. Shortlisted buyers invited for inspection and dataroom access.
- Completion: Heads of Terms solicitorled conveyancing and completion.
Note: All information is supplied in good faith. Prospective buyers should undertake independent legal, technical and financial due diligence. Price and availability are subject to prior sale.
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
Referrals & Third Party Agents: 2.5%-Comm
Ref: Efosa
