Apollo Estate, Ketu, Lagos
₦275,000,000
| Property Ref: 3165607 | Added On: 23 Oct 2025 | Last Updated: 28 Oct 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 22 |
| Bathrooms: 19 | Toilets: 28 |
FOR SALE- WATCH VIDEO ABOVE
Prime IncomeProducing Property ---
6 3Bed Ensuite Flats + Bungalow
(MiniFlat & SelfContain) ---
Apollo Estate
275,000,000 (Governor's Consent)
Price & Title
- Asking price: 275,000,000 (Two Hundred & SeventyFive Million Naira)
- Title: Governor's Consent --- originals available for verification
Location & land
- Estate: Apollo Estate (gated), Lagos --- secure residential neighbourhood with good road access and established tenant demand
- Land size: 815 sqm (contiguous, regular plot)
- Availability: For immediate sale. Property is tenanted (income producing) and presented as a turnkey investment.
Property description
- Main building: 2storey block comprising 6 standard 3bedroom flats --- all rooms ensuite.
- Ancillary building: Detached bungalow containing 1 miniflat and 1 selfcontain.
- Total units: 8 income units across the compound, all within a gated estate setting with shared compound and tenant circulation.
Current rental income (indicative)
- 3bedroom flats: 3,000,000 per unit p.a.
- 6 units 3,000,000 = 18,000,000 p.a.
- Miniflat: 1,500,000 p.a.
- Selfcontain: 800,000 p.a.
- Current gross annual rental roll (approx.): 20,300,000
Investment highlights
- Immediate cashflow: Fully tenanted asset delivering predictable rental income from day one --- ideal for buyandhold investors seeking steady yields.
- Strong rental fundamentals: 3bedroom ensuite product in gated estates attracts longterm family tenants and commands premium rents.
- Attractive entry price: Competitive valuation in Apollo Estate for a large 815 sqm plot with multiple income units --- potential for yield optimisation through professional asset management.
- Title security: Governor's Consent provides a clear conveyancing route and lender friendliness for buyers seeking financing.
- Valueadd potential: Repositioning, minor refurbishment, upselling utilities/services or professional property management can improve occupancy, rents and net operating income. Potential to redevelop or add value subject to planning and estate covenants.
Property condition & features
- Unit specification: Standard 3bedroom layouts with ensuite bathrooms --- tenantfriendly designs.
- Compound: Shared secure compound inside a gated estate --- parking and circulation available on site.
- Management: Currently tenanted; tenant details, leases and rental receipts available for qualified buyers during due diligence.
Why buy
- Turnkey, incomeproducing asset in a secure estate with immediate cashflow and strong landlord demand.
- Balanced unit mix (multiple family units plus smaller units) reduces vacancy risk and diversifies income.
- Solid foundation for investors, family offices, small funds and landlords seeking reliable mainland Lagos yield exposure.
Due diligence & documents available
- Title: Governor's Consent (originals to be presented).
- Financials: Current rent roll, tenancy agreements and payment history available to qualified purchasers.
- Property documents: Survey plan, building sketch and any available compliance/approval documents will be provided on request.
- Recommended buyer checks: legal title search, structural/technical inspection, verification of tenancy and arrears, and confirmation of estate covenants.
Viewing & transaction process
- Viewings by appointment for serious, qualified buyers. Proof of funds or bank reference may be required to schedule inspections and access documents.
- Transaction route: submit formal offer, agree Heads of Terms, deposit and complete legal conveyancing. Buyers are advised to instruct legal counsel to manage title verification and transfer.
Final note
This is a rare, readyincome opportunity in Apollo Estate --- well suited for investors seeking immediate yield and longterm capital appreciation. The combination of scalable rental income, clean title and estate security makes this an attractive, lowrisk acquisition for prudent buyers.
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*
Tell us your needs (budget, location, size).
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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Ref: Daka
