Ikotun, Lagos
₦85,000,000
| Property Ref: 3189280 | Added On: 06 Nov 2025 | Last Updated: 07 Nov 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 16 |
| Bathrooms: 16 | Toilets: 22 | Total Area: 589 sqm |
Distress sale ---
Multiunit block on corner full plot ---
Ikotun (off governor road / ikotunigando), lagos
Title: 4 3bed flats + 2 2bed flats on corner full plot ---
Serene environment ---
Receipt & survey ---
85,000,000 (distress / owner motivated)
Property overview
- unit mix: 4 units of 3bedroom flats and 2 units of 2bedroom flats (6 units total). - setting: corner full plot in a peaceful residential enclave --- short (4minute) walk to the major road for easy access and visibility. - location: off governor road, off ikotunigando, ikotun, lagos state. - title / documents: receipt and registered survey available. - sale circumstance: distress sale --- owner urgently needs to sell; strongly motivated --- last price 85,000,000. (previously listed at 150m; steep reductions reflect urgency. )
Property features
- all rooms ensuite --- attractive to tenants and premium renters. - all internal roads tiled --- neat, low maintenance compound finish. - prepaid meter installed for convenient utility management and accountability. - corner plot provides dual frontage, improved ventilation and higher development flexibility. - serene neighbourhood yet only minutes from main road, transport links and local amenities. Ideal use cases
- buytolet investment: immediate rental income from six selfcontained units. - valueadd investor: refurbish units for higher rents or reposition as serviced apartments. - redevelopment: redevelop for higher density or mixeduse (subject to planning approvals). - commercial conversions: suitable for hospital, school, boutique hotel, or corporate housing given location and layout. Investment highlights
- immediate cashflow: multiple selfcontained flats generate diversified rental receipts. - high roi potential: distressed pricing plus upgrade/refurb opportunities create upside for investors. - strategic position: corner plot and short walk to main road increase demand, signage exposure and tenant accessibility. - attractive tenant profile: ensuite rooms and tiled roads appeal to middleincome families and professionals. Price & negotiation
- asking / last price: 85,000,000 --- final distress asking, owner motivated to sell quickly. - price history: previously marketed at 150,000,000; reductions demonstrate strong value for an investor/owneroccupier. - note: offers will be reviewed on a firstqualifiedbuyer basis; proof of funds encouraged. Documentation & due diligence (available on request)
- registered survey and payment receipt (available for inspection). - unit-level condition report and photos on request. - suggested preinspection documents for buyers: tenancy schedule, current rental roll (if tenanted), structural/roof report, and utility receipts. 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*
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Ref: pastor
