Ijegun, Ikotun, Lagos
₦110,000,000
| Property Ref: 3199306 | Added On: 12 Nov 2025 | Last Updated: 15 Dec 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 17 |
| Bathrooms: 17 | Toilets: 17 |
Property type: Incomeproducing block of flats (residential)Location: Ikotun / Ijegun --- short walk to the local bus stop and convenient for commutersTitle: Certificate of Occupancy (C of O) --- available for verificationAsking price: 110,000,000
Property overview
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A solid, wellfinished block of flats offering immediate rental income and strong redevelopment potential in a highdemand residential corridor. The property is positioned close to public transport and neighbourhood amenities, making it attractive to tenants and investors seeking steady cashflow with low vacancy risk.
Unit mix
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- 6 2bedroom apartments
- 5 roomandparlour apartments (one unit operates as a selfcontained)Total units: 11 (please confirm unit breakdown during inspection)
Key features & finishes
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- Gerard round roofing --- durable and low maintenance
- Full POP ceilings throughout --- modern interior finish
- Fully tiled floors in all units --- easy upkeep and good presentation
- Built on more than one contiguous plot --- scope for expansion or redevelopment (subject to approvals)
- Secure, floored and gated compound with perimeter fencing for tenant privacy and safety
- Practical layouts designed for longterm tenancy
Title & documentation
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- Certificate of Occupancy (C of O) --- certified copy available for preinspection review
- Buyers should perform standard due diligence: title verification, boundary confirmation and solicitor engagement prior to payment
Investment highlights
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- Immediate rental revenue from 11 income units --- diversified cashflow reduces vacancy risk
- Strong tenant catchment due to proximity to public transport (bus stop a few houses away) and local amenities
- Multiplot holding offers flexibility for future valueadding redevelopment or expansion
- Wellfinished units minimise nearterm capital expenditure and expedite tenant placement
Suggested uses
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- Buyandhold rental investment for steady income
- Valueadd refurbishment and rental repositioning for higher yields
- Owneroccupier occupying a larger unit and letting the remainder to offset mortgage/service costs
Sale terms & viewings
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- Asking price: 110,000,000 (sensible offers considered for quick/compliant buyers)
- Viewings by appointment only; prospective buyers to provide proof of funds and valid ID prior to inspection
- Certified copies of the C of O, survey plan and property photos available on request to qualified purchasers
- Reservation deposit and sale terms to be agreed upon offer acceptance; buyer's solicitor recommended for conveyancing
What we can provide on request
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- Highresolution photographs, unit floor plans and tenancy schedule (if occupied)
- Certified copies/scans of the C of O and Survey Plan
- Indicative rental income projection and yield analysis based on current market comparables
- Introductions to solicitors, surveyors and property managers for postacquisition support
Note: Information provided by the vendor and subject to verification. Prospective purchasers must carry out independent due diligence and legal checks prior to commitment.
