Oduwobi Street, Ilupeju, Lagos
₦350,000,000
| Property Ref: 3085351 | Added On: 10 Sep 2025 | Last Updated: 16 Sep 2025 |
| Market Status: Available | Type: House | Bedrooms: 4 |
| Bathrooms: 3 | Toilets: 3 | Parking Spaces: 2 |
| Total Area: 580 sqm |
Listing Title:
Outright Sale --- Block: 2 x 4Bedroom Flats + 2 x 2Bedroom Boys' Quarters on 580 sqm --- Oduwobi St, Ilupeju 350,000,000
Overview:
Opportunity for an immediate income-producing asset or owner-occupier redevelopment in a pleasant Ilupeju neighbourhood. This twostorey building sits on a 580 sqm parcel on Oduwobi Street and comprises two (2) spacious 4bedroom flats plus two (2) 2bedroom boys' quarters. Offered for outright sale with Letter of Administration and supporting documents available, this property suits investors seeking rental income or buyers looking to reposition the site for higher value use.
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*
Tell us your needs (budget, location, size).
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.
*PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES*
Key Details
- Property type: Twostorey residential building on free land
- Accommodation:
- 2 4bedroom flats (main building)
- 2 2bedroom boys' quarters (separate)
- Plot size: 580 sqm
- Location: Oduwobi Street, Ilupeju --- pleasant/residential neighbourhood
- Title / Documentation: Letter of Administration (plus other relevant documents)
- Asking price: 350,000,000 (three hundred and fifty million naira) --- asking
- Sale type: Outright sale
- Availability: Immediate (subject to viewing and verification)
Property Condition & Features (as supplied)
- Twostorey block providing multiple selfcontained rental units
- Separate boys' quarters (2bedroom each) suitable for staff accommodation or additional rental income
- Generous plot size (580 sqm) allowing for parking, landscaping or potential future extension/redevelopment
- Compound space for vehicle parking and external utility areas
- Located in a wellregarded Ilupeju neighbourhood with residential character (confirm neighbourhood specifics during viewing)
Investment & Use Cases
- Ready rental estate: immediate rental income from multiple units for investors
- Owneroccupier: live in one unit and rent out the rest to subsidise mortgage/holding costs
- Redevelopment potential: site suitable for higher density residential redevelopment (subject to planning/regulatory approvals)
- Portfolio addition: strategic acquisition for landlords seeking assets in accessible Lagos suburbs
Title, Documents & Legal Considerations
- Title / Status: Sale by executors/administrator --- offered with Letter of Administration and other relevant documents
- Prospective buyers must verify title, chain of ownership and any probate/estate conditions
- Seller will provide available documentation (Letter of Administration, building plans, receipts) on proof of seriousness
- Buyers are strongly advised to instruct legal counsel to conduct thorough due diligence (title search, verification at land registry, confirmation of planning/building approvals and any outstanding rates/levies)
Due Diligence & Technical Recommendations
- Physical inspection and unit-by-unit inventory/condition survey
- Verify Letter of Administration authenticity and confirm executor authority to sell
- Title search and confirmation of any encumbrances or outstanding obligations
- Confirm building approvals, occupancy certificate (if any), and utility connections
- Consider structural/technical inspection if planning to redevelop or refinance
Price, Terms & Additional Costs
- Asking price: 350,000,000
- Price negotiable for serious buyers depending on terms and proof of funds
- Buyer to bear customary acquisition costs: legal fees, stamp duty, transfer costs and any agency fees unless otherwise agreed
- Payment terms to be agreed with seller; proof of funds/seriousness required to access full documentation
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*
Tell us your needs (budget, location, size).
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.
*PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES*
Ref: D1 Akute
