Greenville Estate, Badore, Ajah, Lagos
₦110,000,000
| Property Ref: 3131052 | Added On: 05 Oct 2025 | Last Updated: 12 Oct 2025 |
| Market Status: Available | Type: House | Bedrooms: 28 |
| Bathrooms: 30 | Toilets: 30 | Parking Spaces: 10 |
| Total Area: 690 sqm |
For Sale --
Block of Flats / Apartments ---
Greenville Estate, Badore, Ajah
690 sqm
110,000,000 (Net)
Overview: Rare readyincome, renovated apartment block in Greenville Estate, Badore (Ajah). This turnkey asset comprises two 4bedroom flats plus ten selfcontained studio/room units (all rooms ensuite) totalling 18 ensuite rooms. Sitting on 690 sqm, the property is fully renovated, vacant and priced to sell at 110 million net --- an attractive acquisition for investors seeking immediate rental income or a handson owneroperator.
Property summary
- Property type: Residential block of flats / mixed unit apartment block
- Unit mix: 2 4bedroom flats + 10 selfcontained room units (studio/room)
- Total rooms: 18 (all ensuite)
- Land size: 690 sqm
- Condition: Renovated --- vacant and ready for occupation or letting
- Current / projected total annual rent: 9,000,000 (indicative)
- Asking price: 110,000,000 (One hundred and ten million Naira) --- Net
Key features & highlights
- Renovated and wellmaintained block offering modern, practical finishes suitable for immediate letting.
- All rooms ensuite --- strong appeal to professionals, single tenants and small families.
- Mix of family apartments and selfcontained units provides diversified rental income streams.
- Located within Greenville Estate --- secure estate environment attractive to tenants.
- Efficient use of 690 sqm plot with parking and external circulation areas (confirm exact parking count on inspection).
- Vacant possession --- immediate occupation, letting or light rebranding possible.
Investment appeal & use cases
- Buytolet investor: diversify rental portfolio with mixed unit types and steady annual income.
- Owneroccupier with rental subsidy: live in one unit and rent remaining units for income.
- Shortstay / serviced apartment conversion: with targeted furnishing and management, units could command premium nightly rates.
- Student or staff housing for nearby employers or institutions (subject to demand and approvals).
Financial & yield notes
- Stated total annual rent: 9,000,000 (useful as a baseline for rent roll; actual income will depend on occupancy, rent levels and management).
- Attractive entry price relative to replacement cost --- renovation already completed, reducing nearterm capex.
- Investors should build a cashflow model incorporating vacancies, management fees and service costs to assess yield.
Due diligence & recommended checks
- Title & documentation: Request certified title documents (C of O / Deed / Conveyance or other) and instruct solicitors for verification.
- Tenancy & financials: Request historic rent roll (if any), operating expenses and service charge details.
- Technical: Inspect the property; obtain a basic snagging/condition report (roof, MEP, plumbing, electrics) despite recent renovation.
- Legal & compliance: Confirm planning/use permissions, estate byelaws and any outstanding rates or levies.
- Utilities: Verify power, water and waste arrangements and any borehole/generator provisions.
Viewing & sale process
- Viewings: By appointment only --- proof of funds or serious buyer prequalification required before full dossier and site access are released.
- Offers: Submit a Letter of Intent (LOI) with buyer profile and proof of funds. Shortlisted buyers will receive full documentation and be invited for inspection.
- Transaction: Standard solicitorled conveyancing; buyer to budget for legal fees, stamp duty and registration charges.
Note: All information is provided in good faith and should be independently verified by prospective buyers and their advisers. Price and availability 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.
*How we work*
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Our team reviews your request and assigns a dedicated relationship manager.
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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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