Agege, Lagos
₦800,000,000
| Property Ref: 3219617 | Added On: 24 Nov 2025 | Last Updated: 15 Dec 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 30 |
| Bathrooms: 24 | Toilets: 24 | Total Area: 2,305 sqm |
FOR SALE ---
MAJOR MULTIUNIT ASSET (OMOTOYE ESTATE, AGEGE)A rare, incomedense landbank primed for yield, scale and redevelopment
Location: Omotoye Estate, Agege, LagosLand Size: 2,305 sqmAsking Price: 800,000,000 (Serious Investors Only)Documents: Available on request
Property Snapshot
- Substantial multiblock residential complex on a large 2,305 sqm parcel comprising:
- Block A: 5 x 3bedroom flats + 1 warehouse
- Block B: 6 x 3bedroom flats
- Blocks C & D: 4 x 2bedroom flats each (8 x 2bedroom units)
- Total: 19 residential units plus an onsite warehouse --- consolidated ownership, single management point.
- Wellpositioned within Omotoye Estate --- an established residential pocket with excellent tenant catchment and accessibility.
Why this is music to an investor's ears
- Immediate, diversified cashflow: 19 units across 2 and 3bedroom configurations deliver instant rental income and low vacancy risk.
- Scale & operational efficiency: Singleowner, multiblock asset reduces management overheads and unlocks economies of scale for maintenance, leasing and utility management.
- Development optionality: Large contiguous land parcel offers clear upside --- refurbishment for higher rents, repositioning to serviced apartments/shortlet, or phased redevelopment to increase density and capital value (subject to approvals).
- Institutional appeal: Size and modular unit mix suit portfolio buyers, developer groups or investor funds seeking plugandplay rental assets with valueadd potential.
- Location fundamentals: Agege remains a highdemand residential corridor for commuters and working professionals --- steady occupancy and strong rental demand.
Key Features & Benefits
- 19 incomeproducing units + warehouse --- diversified income streams in one acquisition
- Large 2,305 sqm footprint --- room for parking, amenities or future expansion
- Flexible uses: rent as is, convert to serviced apartments, or redevelop for higher density
- Centralised management opportunity --- lower OPEX per unit versus scattered assets
- Attractive scale for refinance, portfolio aggregation or institutional buyout
Suggested Investor Uses
- Hold as a highyield rental portfolio with immediate returns
- Reposition to shortlet or serviced apartment model for premium nightly rates
- Redevelop or add floors (subject to planning) to unlock substantial capital gain
- Lease the warehouse for supplementary commercial income
Viewing & Offers
- Viewings strictly by appointment. We prioritise qualified and timesensitive offers.
- Full documentation, rent roll (where available), and site plans provided to serious investors for expedited due diligence.
Contact The Build Centre Properties
Opportunity of this scale in Agege is rare --- consolidated, incomedense and developmentready. Arrange a site visit today and let this asset start working for your portfolio. Give us half a try and get a full return.
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