Ayo Babatunde Crescent, Oniru, Victoria Island (VI), Lagos
₦4,500,000,000
| Property Ref: 3099998 | Added On: 17 Sep 2025 | Last Updated: 18 Sep 2025 |
| Market Status: Available | Type: Flat / Apartment | Bedrooms: 32 |
| Bathrooms: 32 | Toilets: 32 | Total Area: 1,543 sqm |
Listing title
Investment Opportunity --- 20 Luxury Flats (12 x 2Bed + 8 x 1Bed) --- Ayo Babatunde Crescent, Oniru VI, Lagos C of O 4.5B (Net)
Overview
An established, wellmaintained luxury apartment block in the heart of Oniru VI --- an exceptional investment offering comprising 20 flats on a single 1,543 sqm freehold site. The building contains twelve 2bedroom units and eight 1bedroom units (miniflats), presented as a single lot. The property is offered for sale with a clean Certificate of Occupancy (C of O) and is ideal for repositioning as a boutique hotel, premium Airbnb/shortstay portfolio, corporate housing or a highyield residential investment.
Property summary
- Property type: Purposebuilt luxury apartment block (single title sale)
- Unit mix: 20 flats total --- 12 x 2bedroom flats; 8 x 1bedroom (mini) flats
- Land area: 1,543 sqm
- Location: Ayo Babatunde Crescent, by Oniru Gate, Oniru VI, Victoria Island / Lekki corridor, Lagos
- Title: Certificate of Occupancy (C of O) --- available for inspection by qualified buyers
- Asking price: 4,500,000,000 (Four billion, five hundred million Naira) --- net of all taxes
Condition & asset notes
- Wellmaintained, luxury specification throughout (regular upkeep and professional estate management in place) --- ideal for immediate occupation or seamless conversion to shortstay/hospitality use.
- Singlelot sale simplifies acquisition for investors or hotel operators seeking a consolidated asset with scale and immediate operating potential.
- Strong location adjacent to Oniru Gate --- excellent access to Victoria Island, business districts, retail and leisure amenities.
Why this is an attractive investment
- Prime Oniru location with strong shortstay and longterm rental demand from expatriates, corporate tenants and leisure guests.
- Unit mix (12 x 2bed + 8 x 1bed) offers flexibility: retain as longlet residential, convert some units to serviced apartments/Airbnb, or operate as small boutique hotel.
- Singletitle ownership and clear C of O reduce acquisition complexity relative to multititle assets.
- Immediate yield potential from existing tenancy (confirm tenancy schedule) and opportunity to uplift income via professional asset management, rebranding or serviceled pricing.
- Scalability: attractive for investors seeking to add a hospitality or shortstay product in a premium Lagos micromarket.
Potential uses
- Boutique hotel or serviced apartments (shortstay / corporate housing)
- Entirely buytolet residential portfolio (longterm tenancies)
- Mixed model (some units retained for shortstay / premium nightly rates and some for longterm corporate lets)
- Student housing, staff accommodation for corporate clients or embassy housing (subject to demand)
Key benefits for buyers
- Consolidated 20unit block on a substantial 1,543 sqm site in a highdemand location
- Clean C of O: supports mortgage/financing options and straightforward title transfer
- Large, divisible unit mix enabling flexible operating strategies and revenue optimisation
- Close proximity to Victoria Island commercial nodes and Oniru retail/leisure facilities --- premium tenant pool
Due diligence & documents available on request
- Certificate of Occupancy (C of O) and chain of title documents (available to qualified buyers)
- Site plan and asbuilt floorplans for all units
- Tenancy schedule, current rental roll and statement of service charges (if occupied) --- request from agent
- Recent maintenance records, estate management arrangements and capital expenditure history
- Utility supply details (power/water arrangements) and any warranties or guarantees on building systems
Recommended buyer checks
- Verify C of O and title chain with a solicitor; confirm absence of encumbrances
- Review tenancy schedule, historic occupancy and income statements (if incomeproducing)
- Conduct site inspection and technical survey (structural, M&E, roof and services)
- Assess suitability and permits for shortstay/hospitality conversion if planned (NAFDAC/Local authority requirements for hospitality operations)
- Confirm tax position, transfer costs and any outstanding statutory rates
Sale process & purchase requirements
- Viewings: By appointment only --- proof of funds or buyer prequalification required prior to detailed inspection and release of title documents.
- Offers: Submit formal expression of interest (EOI) and proof of funds; preferred buyers will be invited to review full dossier and tenancy records.
- Legal & completion: Standard conveyancing applies --- buyer to instruct solicitors; transaction to be completed on receipt of cleared funds or agreed escrow arrangement.
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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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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