Off Allen Avenue, Behind New World Hotel, Ikeja, Lagos
₦350,000,000
| Property Ref: 3092143 | Added On: 13 Sep 2025 | Last Updated: 16 Sep 2025 |
| Market Status: Available | Type: House | Bedrooms: 3 |
| Bathrooms: 3 | Toilets: 3 | Parking Spaces: 2 |
| Total Area: 900 sqm |
Listing title
For Sale: 4 x 3Bedroom Flats + 300sqm Vacant Land --- Off Allen Avenue, Ikeja
Size:(Total 900sqm)
Price: N350,000,000
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Quick summary
Welllocated investment property on Off Allen Avenue, Ikeja --- four separate 3bedroom flats on a secure 900sqm site that includes an additional 300sqm of vacant/undeveloped land. Ideal for investors, developers or owneroccupiers seeking high rental yield, redevelopment potential or sectional sale.
Price: N350,000,000.
Property at a glance
- Property type: Residential investment / development lot
- Configuration: 4 x 3bedroom flats (selfcontained) + 300sqm additional vacant land within the site
- Total land area: 900 sqm (includes the building footprint and the additional 300 sqm parcel)
- Location: Off Allen Avenue, Ikeja --- premium mixeduse corridor with strong demand for quality rentals and commercial uses
- Asking price: N350,000,000
- Availability: For immediate sale
Detailed description
This solidly built property comprises four comfortable 3bedroom selfcontained flats arranged to maximise privacy and rental appeal, together with a strategic 300sqm parcel of vacant land included in the sale. The configuration and generous site area present multiple options: continue as a highyield rental asset, subdivide and sell individual units (subject to consent), expand the current building, or undertake a smallscale redevelopment (residential or mixeduse, subject to planning).
Each flat is laid out for practical family living with functional living spaces and private sleeping quarters. The property benefits from a secure compound, ample parking and a prominent Off Allen Avenue address --- a location popular with professionals, corporate tenants and expatriates working in Ikeja and neighbouring commercial centres.
Key features & accommodation
- 4 x 3bedroom flats --- selfcontained units suitable for family or staff lets
- Additional 300 sqm vacant land included on the same title/parcel (confirm title split with seller)
- Secure compound with perimeter fencing and vehicular access from Off Allen Avenue
- Good natural light and ventilation across units
- Mature neighbourhood with established utilities and estate services nearby
Location benefits
- Prime Off Allen Avenue position --- close to Ikeja GRA, Computer Village, malls and business districts
- Excellent access to major roads and short drive to Murtala Muhammed International Airport
- Close to banks, shopping centres, corporate offices, restaurants, schools and hospitals --- strong tenant pool for longterm lets
- High rental demand area with proven capital appreciation potential
Investment & development potential
- Attractive immediate rental income from four 3bedroom flats
- Vacant 300sqm parcel provides space for expansion: additional units, parking, recreational facilities or redevelopment
- Suitable for buyandhold investors, developers targeting small mixeduse projects or owneroccupiers seeking rental income offset
- Potential to increase value through renovation, improved management and professional marketing
Condition & title
- Condition: Good / habitable
- Title/tenure: Certificate of Occupancy, Deed of Assignment
Price & terms
- Asking price: N350,000,000
- Agency commission: 10%
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What's included
- All four flats and the additional 300sqm vacant parcel as presented
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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