Off Abaranje Road, Ikotun, Lagos
₦55,000,000
| Property Ref: 3201299 | Added On: 13 Nov 2025 | Last Updated: 13 Nov 2025 |
| Market Status: Available | Type: House | Bedrooms: 11 |
| Bathrooms: 11 | Toilets: 11 | Total Area: 600 sqm |
PROPERTY LISTING: MULTIUNIT RESIDENTIAL ASSET ON FULL PLOT --- OFF ABARANJE ROAD, IKOTUN / IKOTUNADJOINING CORRIDORLocation: Off Abaranje Road, LagosPrice: 55,000,000 (FiftyFive Million Naira) --- AskingTitle/Documentation: Purchase Receipt & Registered Survey Plan
OVERVIEWA practical, incomegenerating property sited on a full plot, comprising multiple residential units arranged across a main building and a front bungalow. The asset is ideal for investors seeking steady rental cashflow or an extended family looking for compound living in a welllocated neighbourhood.
PROPERTY CONFIGURATIONMain Building (TwoStorey):
- Upper Floor: 1 4bedroom flat (spacious family layout)
- Ground Floor: 1 2bedroom flat
Front Bungalow (Single Storey):
- 2 2bedroom flats
- 1 Miniflat (room & parlour selfcontained)
TOTAL: 5 residential units on a full plot
KEY FEATURES
- Mixed unit mix catering to families, professionals and single occupants
- Full plot ownership provides redevelopment or expansion potential
- Practical layouts suitable for immediate rental deployment
- Compound space for parking, drying area and smallscale landscaping
- Clear documentation with Receipt and Registered Survey Plan available
LOCATION ADVANTAGES
- Positioned off Abaranje Road --- strong local demand corridor with good access to Ikotun, Agege and surrounding areas
- Close to transport nodes, markets, schools and neighbourhood amenities --- consistent tenant pool
- Area with ongoing residential activity and potential for capital appreciation
INVESTMENT & USE CASES
- Ready buyandhold rental asset with diversified income streams across multiple units
- Ideal for small landlords, portfolio investors or extended family occupancy
- Fullplot status offers optionality: retain, refurbish to increase rents, or redevelop subject to approvals
DOCUMENTATION & DUE DILIGENCE
- Title: Purchase Receipt and Registered Survey Plan --- available for verification
- Recommended: Standard due diligence including title confirmation, site inspection and occupancy/condition audit prior to purchase
PRICE & TERMS
- Asking Price: 55,000,000
- Viewings and document review reserved for prequalified buyers; proof of funds requested
VIEWING & CONTACTTo schedule a site inspection, request the duediligence pack or submit an offer, contact:[Agent / Owner Name]Phone: [Insert phone number] Email: [Insert email]
This is a functional multiunit property on a full plot offering immediate rental potential and redevelopment optionality in a convenient Lagos corridor.
