Opposite Trade Fair, Abule Osun Bus-stop, Amuwo Odofin, Lagos
₦12,000,000,000
| Property Ref: 3159127 | Added On: 20 Oct 2025 | Last Updated: 26 Oct 2025 |
| Market Status: Available | Type: Warehouse | Total Area: 17,000 sqm |
FOR SALE
Strategic Warehouse Park for Sale ---
Abule Osun BusStop (Opposite Tradefair), Lagos ---
16 Units -
17,000 sqm Total - 12,000,000,000
Executive summary
Offered for sale is a substantial warehouse complex located at Abule Osun BusStop, opposite Tradefair --- a prime logistics node on Lagos's commercial corridors. The asset comprises 16 semidetached/standalone warehouse units with a combined footprint in the region of 17,000 sqm (site details and final survey to be verified). The site is ideal for logistics, distribution, coldchain conversion, manufacturing light industrial, thirdparty logistics (3PL) or portfolio acquisition. Asking price: 12,000,000,000.
Property at a glance
- Location: Abule Osun BusStop (Opposite Tradefair), Lagos
- Asset: Warehouse complex --- 16 separate warehouse units
- Indicative total area (as supplied): c.17,000 sqm (approx.)
- Indicative unit size: Each unit approximately 1,000 sqm (some notes indicate ~1,062 sqm average if total is 17,000 sqm)
- Alternate capacity figures supplied: 106,000 sq ft (9,843 sqm) --- please confirm preferred metric; full technical pack will clarify exact GIA/GFA.
- Asking price: 12,000,000,000 (Twelve Billion Naira) --- subject to contract and verification of site particulars and title
Note on floor area figures (for clarity)
- User-supplied figures include mixed units of measure. For transparency:
- 17,000 sqm 182,986 sq ft
- 106,000 sq ft 9,843 sqm
- If 16 warehouses ~1,000 sqm ~16,000 sqm total
- A formal site survey and asbuilt drawings should be requested to confirm exact areas, net lettable area (NLA) and gross internal area (GIA). The buyer's technical due diligence will resolve any discrepancies.
Location & logistics advantages
- Prominent position at Abule Osun BusStop with immediate access to Tradefair and major arterial routes --- excellent for fleet movements and cargo distribution.
- Strong lastmile connectivity to key Lagos markets and linkage to Apapa, Oyingbo and the Lagos--Ibadan corridor.
- High commercial visibility and easy access for heavy vehicles, tankers and articulated trucks (site plan to confirm circulation and turning radii).
- Proximity to labour catchment, retail hubs and service providers (mechanics, packaging, freight forwarding).
Asset description & core features
- Warehouse configuration: 16 units (each approx. 1,000--1,062 sqm depending on final survey). Units can be offered individually or as a portfolio sale (preferred single purchaser).
- Typical warehouse specification (to be confirmed on inspection): high clear height, roller shutter access, concrete floor slabs, dedicated loading bays, office mezzanine (where applicable), internal partitioning options.
- External yard: Dedicated loading/unloading yard and vehicle circulation (space for articulated truck parking subject to site layout).
- Utilities & services: Mains power connection, water supply (borehole provision typical in the precinct advisable), drainage and security infrastructure (onsite generator and substation potential to be confirmed).
- Ancillary buildings: Guardhouse and security compound; staff welfare blocks and possible administrative offices (to be confirmed).
Suitability & highestandbest uses
- Regional distribution centre or 3PL operator hub.
- FMCG or retail warehousing, palletised storage and fastmoving consumer goods consolidation.
- Light manufacturing and assembly lines requiring good road access.
- Coldroom conversion (subject to fitout and power upgrades).
- Owneroccupier or institutional buyandhold for rental income.
Investment highlights
- Scale: Large contiguous asset suitable for singletransaction institutional investors or developers seeking critical mass in Lagos logistics real estate.
- Location: Strategic roadside positioning with strong haulage access supports tenant demand and operational efficiency.
- Flexibility: Units can be let individually, leased in blocks to a single operator, or repurposed to specialist logistics (cold chain, ecommerce fulfilment).
- Value creation: Refurbishment, recladding, improved yard organisation or adding valueadded services (racking, handling, office fitout) can materially increase rental yield and capital value.
Asking price & indicative yield considerations
- Asking price: 12,000,000,000 (price reflects current condition, location and scale).
- Price per sqm (indicative): 12,000,000,000 / 17,000 sqm 705,882 per sqm (subject to confirmed exact GIA/NLA) --- buyers should model renttoprice ratios based on measured NLA and targeted rent per sqm.
Documentation & due diligence pack (available on request)
- Title documents (to be provided) --- confirm C of O / Registered Title / Deed of Assignment.
- Survey plan and site layout / asbuilt drawings.
- Building plans, approved permits and compliance certificates.
- Service records, utility connection evidence and maintenance history.
- Tenancy schedules and historic income statements (if currently producing rental income).
- Photographs and site condition report.
Recommended due diligence checklist
- Legal: Verify title, chain of ownership, encumbrances, rates and statutory compliance.
- Technical: Structural inspection of roof, slab and cladding; floor flatness & load capacity; roofing condition; drainage; firesafety systems and ME&S inspection.
- Environmental: Basic environmental screening for contamination (fuel/oil spills) and any regulatory restrictions.
- Operational: Review access, yard capacity, turning circle, gatehouse operations and security provisions.
- Financial: Rent roll review (if tenanted), OPEX, service charge mechanics and projected capex for upgrade.
Transaction process & sale mechanics
1. Expression of Interest (EOI) with proof of funds / bank reference.
2. NDA to receive full data room (title pack, survey and technical documentation).
3. Site inspection and technical walkthrough for shortlisted parties.
4. Submission of indicative offer and proposed terms (due diligence period, deposit, timeline for completion).
5. Heads of Terms, legal conveyancing and completion.
Buyer profile sought
- Institutional investors, REITs and private equity funds targeting logistics assets.
- National or regional logistics operators/3PLs seeking hub capacity.
- Highnetworth investors and property groups looking for portfolio scale in Lagos.
Next steps & contact
- Qualified parties to submit EOI with proof of funds to obtain the full information pack and arrange inspection.
- All enquiries will be handled confidentially and buyers will be given access to additional photos, drone imagery, and measured survey upon execution of an NDA.
Important note
The listing above is prepared using the information supplied. There are mixed area figures in the brief (sq m / sq ft). Prospective buyers must verify the precise measured areas, title status and building particulars during due diligence. All figures and the asking price are subject to contract and verification.
Legal & disclaimer
All information provided is indicative and supplied in good faith but is subject to independent verification. Prospective purchasers must undertake their own legal, technical and financial due diligence. Price, availability and particulars may change without notice.
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.
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