Abiona Close, Off Falolu, Surulere, Lagos
₦320,000,000
| Property Ref: 3199456 | Added On: 12 Nov 2025 | Last Updated: 12 Nov 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 12 |
| Bathrooms: 12 | Toilets: 16 |
Property for Sale ---
Abiona Close (off Falolu), Surulere, Lagos
Property type: Incomeproducing block of flats (residential)Location: Abiona Close, off Falolu, Surulere --- quiet, established residential neighbourhood with strong rental demandTitle / Documents: Registered Title (vendor to provide certified copies)Asking price: 320,000,000 (Slightly negotiable)
Property summary
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A solidly constructed block comprising four selfcontained flats arranged for immediate rental or owner occupation. The property sits within a secure, serene environment in central Surulere --- a highdemand location for professionals, families and corporate tenants. Offered with a registered title and attractive for investors seeking stable cashflow or owneroccupiers who wish to benefit from ancillary rental income.
Accommodation & unit mix
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- 2 4bedroom apartments (spacious family units)
- 2 2bedroom apartments (compact selfcontained units)Total units: 4 flats
Condition & finishes
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- Solid construction throughout --- well maintained (detailed condition report available on request)
- Internal finishes and fittings to be confirmed on inspection (tiles, ceilings, kitchens and sanitary ware)
- Secure compound and neighbourhood setting providing tenant appeal and privacy
Key features & amenities
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- Registered Title --- clearable for transfer (buyers should verify certified copies)
- Located in a lowtraffic culdesac (Abiona Close) offering reduced noise and enhanced security
- Strong rental catchment: close proximity to commercial nodes, schools, hospitals and public transport in Surulere
- Potential for immediate rental income with minimal capital expenditure (subject to tenant status)
- Opportunity to add value through targeted refurbishment, unit reconfiguration or rebranding to serviced/shortlet product
Location & accessibility
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- Positioned off Falolu within Surulere --- easy access to major roads connecting to Lagos Island, Yaba and Mainland districts
- Close to retail amenities, banks, eateries and transport routes; strong appeal to working professionals and families
Title & legal considerations
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- Title: Registered Title --- vendor to provide certified copies for precontract review
- Recommended buyer due diligence: title verification, boundary confirmation via licensed surveyor, and solicitor engagement to manage transfer and any stamp duty/fees.
- If any tenancy or occupancy arrangements exist, buyer should confirm tenancy schedules and arrears (if applicable).
Investment highlights
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- Established rental asset in a highdemand Surulere location --- attractive for buyandhold investors.
- Diversified unit mix (24bed + 22bed) provides multiple income streams and tenant profiles.
- Registered title simplifies financing options for buyers seeking mortgage facilities.
- Slight price flexibility presents negotiation room for quick/compliant buyers.
Sale terms & viewings
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- Asking price: 320,000,000 (Slightly negotiable for serious/qualified purchasers)
- Viewings strictly by appointment; prospective buyers must provide proof of funds and valid identification prior to inspection.
- Reservation deposit and formal sale terms to be agreed on offer acceptance; standard conveyancing procedure to follow.
What we can provide on request
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- Certified copies/scans of the Registered Title and Survey Plan (upon vendor consent)
- Recent photographs, unit floor plans and tenancy schedule (if occupied)
- Indicative rental income estimate and yield analysis based on current local comparables
- Introduction to recommended solicitors, surveyors and property managers to support due diligence and postacquisition management
Disclaimer: Information provided by the vendor and subject to verification. Prospective purchasers should carry out independent due diligence, title checks and legal verification prior to commitment.
