Castia Estate, Abijo, Lekki, Lagos
₦250,000,000
| Property Ref: 3136568 | Added On: 08 Oct 2025 | Last Updated: 21 Oct 2025 |
| Market Status: Available | Type: Block of Flats | Total Area: 7,000 sqm |
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DISTRESS SALE ---
MultiUnit Compound in Casia Estate, Abijo (LekkiEpe)
Governor's Consent
250,000,000
OverviewUrgent sale --- excellent investment or owneroccupier opportunity in Casia Estate, Abijo (direct access to LekkiEpe Expressway). This wellconfigured compound offers multiple income streams and redevelopment upside in a prime, fastgrowing Lekki neighbourhood. Titled by Governor's Consent and offered at a motivated price, the property suits investors, operators or endusers seeking residential, shortlet, hospitality or institutional use.
Property summary
- Location: Casia Estate, Abijo --- direct access to LekkiEpe Expressway, Lekki corridor, Lagos
- Title: Governor's Consent (certified copy available on request)
- Asking price: 250,000,000 (Two hundred and fifty million Naira) --- Negotiable (distress sale)
- Status: Vacant / immediate possession available (confirm on inspection)
Accommodation & key features
- 2 3bedroom flats --- all ensuite
- 3 1bedroom flats --- all ensuite
- 1 selfcontained unit
- 1 standalone 2room bungalow (ensuite)
- Spacious compound with ample parking and external circulation
- Practical block layout enabling immediate rental income or conversion for alternative uses
- Redevelopment potential: site can accommodate an additional building of up to 4 flats (subject to planning approval)
Why this property is attractive
- Diversified income potential: multiple selfcontained units provide immediate cashflow or flexible owneroccupation options.
- Strong location: Abijo/Casia Estate benefits from rapid residential growth, good access to LekkiEpe Expressway and proximity to amenities and labour pools.
- Versatile use cases: suitable for residential investment, shortlet/serviced apartments, boutique hotel, clinic/medical facility or a small private school (subject to approvals).
- Value buy: distress sale pricing offers upside for refurbishment, professional management or modest redevelopment.
Potential uses (subject to planning)
- Buytolet residential portfolio / block letting
- Shortlet / serviced apartments for executives and visitors
- Boutique hotel or guest house conversion
- Private school, daycare or training centre
- Medical clinic / outpatient facility
Due diligence & next steps (recommended)
- Title verification: request certified Governor's Consent and instruct a solicitor for chainoftitle checks and searches.
- Site inspection: physical inspection to confirm unit condition, utilities, parking and scope for additional building.
- Technical: condition survey (roof, MEP, plumbing/electrical) and basic snagging report recommended.
- Planning: confirm permissible uses, coverage and any estate byelaws or local authority conditions.
- Financial: request historical rental roll (if any), operating costs and service charge details (if applicable).
Sale process & viewing
- Distress sale: owner needs a swift transaction --- priority will be given to qualified cash or financeready buyers.
- Viewings: by appointment only to prequalified parties. Proof of funds / bank reference required before site access and full document release.
- Offers: submit a Letter of Intent (LOI) with buyer/company profile and evidence of funding; shortlisted buyers will be provided full documentation and invited for inspection.
- Transfer: standard solicitorled conveyancing; buyer to budget for legal fees, stamp duty and registration.
Serious buyers only. All information herein is provided in good faith and must be independently verified during due diligence. Availability and price are subject to prior sale.
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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We conduct due diligence and arrange site visits.
Viewings are by appointments only
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