Meiran Road, Abule Egba, Agege, Lagos
₦160,000,000
| Property Ref: 3182483 | Added On: 03 Nov 2025 | Last Updated: 06 Nov 2025 |
| Market Status: Available | Type: House | Bedrooms: 7 |
| Bathrooms: 7 | Toilets: 7 | Total Area: 600 sqm |
FOR SALE- WATCH VIDEO ABOVE
HighYield Rental Block --- 7Unit Storey Building on Full Plot ---
Slightly Off Meiran Road, AbuleEgba
Price: 160,000,000 (One Hundred and Sixty Million Naira)
Summary
Ready income property: a solid storey building comprising seven (7) rental units plus two (2) retail shops on a full plot (60ft x 120ft) in a convenient AbuleEgba location --- just four houses from the major Meiran Road. The mix of unit types (33bed, 12bed, 1miniflat, 3roomself) provides diversified rental streams and strong tenant marketability. Clear documents include Family Receipt, Registered Survey and Deed of Assignment. Ideal for buyandhold investors seeking immediate cash flow and longterm capital appreciation.
Property Highlights
- Property type: Storey rental building on a full plot (60ft x 120ft)
- Units:
- 2 3bedroom flats
- 1 2bedroom flat
- 1 miniflat (selfcontained)
- 3 roomself (single room selfcontained units)
- 2 shops (groundfloor retail frontage)
- Location: Slightly off Meiran Road, AbuleEgba --- only 4 houses to the major road for excellent access and visibility
- Title/Documents: Family Receipt, Registered Survey and Deed of Assignment (available for inspection)
- Price: 160,000,000 (Asking)
Detailed Description
This wellconfigured investment building occupies a full plot and offers a flexible unit mix that caters to families, singles and retail tenants --- a resilient model for steady rental income. The building layout allows for efficient management and easy tenant turnover handling. Groundfloor shops provide immediate commercial income and benefit from the high pedestrian and vehicle flow on Meiran Road.
Constructed to functional standards suitable for longterm lettings, the property can be held as a turnkey rental asset or upgraded selectively to increase yields. Its proximity to the major road makes it particularly attractive to tenants who commute and to small business operators seeking shopfront presence.
Location & Accessibility
- Situated slightly off Meiran Road, AbuleEgba --- approximately four houses to the main road, ensuring both convenience and quieter compound living
- Excellent access to public transport, markets, schools, banks and local amenities --- strong demand for rental accommodation in the catchment
- Good connectivity to other Lagos mainland corridors and employment centres
Title & Documentation
- Clear documentation: Family Receipt, Registered Survey and Deed of Assignment --- available for verification by solicitors and prospective buyers
- Buyer should undertake standard legal due diligence and title verification prior to exchange
Investment & Value Proposition
- Diversified rental income: multiple unit types spread occupancy risk and attract different tenant segments
- Immediate cash flow potential from residential units and two shops on site
- Fullplot location offers future optionality --- potential to reconfigure or expand subject to approvals
- Close proximity to a major road increases tenant demand and resale liquidity
What's Included
- The building, all units and the two retail shops occupying the plot
- Title documents as listed (Family Receipt, Registered Survey, Deed of Assignment) for inspection and transfer processes
Recommended Next Steps (For Interested Buyers)
- Arrange a private site inspection to confirm unit conditions, finishes and current occupancy/rent roll (if tenanted)
- Request copies of the Registered Survey and Deed of Assignment for legal review by your solicitor
- If income is a key metric, request the rent roll/tenancy schedule and recent operating expenses to assess yield
- Provide proof of funds or a formal expression of interest to progress negotiations
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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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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