Governors Road, Ikotun, Lagos
₦80,000,000
| Property Ref: 3199426 | Added On: 12 Nov 2025 | Last Updated: 12 Nov 2025 |
| Market Status: Available | Type: Detached Bungalow | Bedrooms: 7 |
| Bathrooms: 7 | Toilets: 7 |
Property for Sale --- Governor's Road, Ikotun, Lagos
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Property type: Newly built executive bungalow with multiple income units (residential investment)Location: Off Governor's Road, Ikotun, LagosTitle / Documents: Receipt and Survey Plan available (please request originals for verification)Asking price: 80,000,000
Property summary
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A newly constructed executive bungalow on a standard 40ft x 120ft plot offering a versatile income-generating layout. Finished to a modern standard with POP in the sitting area and ensuite rooms throughout, this property is ideal for an investor seeking immediate rental income or an owner-occupier who wants additional rental units. Located in a well-served Ikotun neighbourhood with easy access to major roads and local amenities.
Unit mix
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- 1 2-bedroom flat (executive standard)
- 3 mini-flats (self-contained)
- 1 single room, self-containedTotal units: 5 apartments
Key features & finishes
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- All rooms ensuite (ensuit) for privacy and tenant appeal
- Plaster of Paris (POP) finish in the sitting room for a refined interior look
- Newly built construction with contemporary fittings
- Practical layouts suitable for long-term rentals or short-let conversions
- Built on a 40ft by 120ft land parcel (ample compound space for parking or minor expansion)
- Secure fenced compound with gated entry (security enhancements recommended as required)
Title & legal
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- Documents on hand: Payment Receipt and Survey Plan (Survey)
- Prospective buyers should confirm the status of the Governor's consent or obtain Certificate of Occupancy (C of O) through the appropriate channels if required; agent can assist with documentation queries.
Investment highlights
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- Newly built units reduce immediate maintenance costs and increase tenant attraction.
- Mixed unit typology (2-bed + mini-flats + single self-contained) diversifies rental income streams.
- Suitable for families, young professionals and students --- broad tenant pool in Ikotun.
- Positioned on a standard 40ft x 120ft plot offering potential for additional development or conversion (subject to planning approvals).
Suggested uses
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- Long-term rental portfolio for steady cashflow
- Owner-occupier with rental income from ancillary units
- Short-lets / serviced apartments for higher yields (with minimal additional furnishing)
- Value-add refurbishment to further increase rental rates
Sale terms & viewings
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- Asking price: 80,000,000 (price negotiable for quick or conditional offers)
- Viewing by appointment only; interested buyers must provide ID and proof of funds prior to inspection
- Reservation: deposit and terms to be agreed upon offer acceptance; legal verification recommended before payment
Next steps & what we can provide
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- Provide full property title documents and survey copies upon formal request
- Supply recent photographs, floor plans and a walkthrough video if available
- Prepare an estimated rental income projection and yield analysis on request
Contact
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To request documents, arrange a viewing, or obtain an ROI/rental projection, contact the listing agent:
[Insert agent name]Phone: [Insert phone number]Email: [Insert email address]
If you'd like, I can add a short comparative market summary for Governor's Road / Ikotun, or draft an ad-optimized version for property portals.
