Grandmate Off Ago Palace Road, Okota, Isolo, Lagos
₦500,000,000
| Property Ref: 3147728 | Added On: 14 Oct 2025 | Last Updated: 20 Oct 2025 |
| Market Status: Available | Type: House | Bedrooms: 44 |
| Bathrooms: 44 | Toilets: 50 |
FOR SALE
Massive 3Storey Investment Building ---
16 Flats (12 3Bed, 4 2Bed) ---
Grandmate off Ago Palace Way, Okota
500,000,000
(C of O)
Price & Title
- Asking price: 500,000,000 (Five Hundred Million Naira)
- Title: Certificate of Occupancy (C of O) --- original available for verification.
Location & availability
- Location: Grandmate, off Ago Palace Way, Okota --- prime Lagos mainland corridor with strong residential and rental demand.
- Availability: Immediate sale. Viewings and full documentation available to qualified buyers.
Property overview
A substantial 3storey residential block positioned in a highdemand section of Okota, offered as a single freehold asset. The building comprises 16 selfcontained flats --- 12 threebedroom units and 4 twobedroom units --- arranged over three floors, designed to deliver stable rental income and attractive yield for investors or owneroccupiers seeking immediate cashflow. Title is clean C of O and the property is presented for distressed/quick sale consideration.
Key features
- Total units: 16 flats (12 3bedroom flats; 4 2bedroom flats)
- Building form: 3 storeys above ground (solid reinforced construction)
- Title: Certificate of Occupancy (C of O) --- transferable and available for verification
- Location advantage: Frontage/access via Ago Palace Way --- high visibility and good transport links to the Lagos mainland network
- Investment scale: Singleasset block enabling portfoliolevel rental income or conversion/redevelopment upside
Typical unit specification (indicative)
- 3bedroom flats: spacious layouts with living/dining area, fitted/shell kitchen space, bathrooms (ensuite where applicable), provision for wardrobes and service area.
- 2bedroom flats: compact family units with living/dining, kitchen space and bathroom.
- Common areas: internal circulation/staircases servicing all floors; communal corridors and entrances.
Condition & current status
- Available condition: Asis (sale of existing building). Buyers advised to inspect property to confirm tenant occupancy, internal finishes and any required refurbishment scope.
- Recommended due diligence: technical survey to assess structural condition, MEP status, roof and drainage, sanitary fittings, and any remedial works; tenancy audit for rental roll and arrears; confirmation of statutory compliance and rates.
Investment appeal
- Immediate rental income potential from established multiunit block --- attractive to yieldfocused investors, landlords and property funds.
- Economies of scale: single management platform for 16 flats reduces perunit operating costs and simplifies asset management.
- Redevelopment potential: subject to planning, building can be refurbished for higher rental grade or repurposed for mixed residential/commercial use to enhance returns.
- Strategic location on Ago Palace Way --- convenience for commuters and proximity to local amenities increases tenant demand and occupancy resilience.
Recommended buyer profile
- Buytolet investors seeking portfolio scale residential income.
- Property investment funds, HNW investors or developers looking for value purchase and refurbishment/repositioning opportunities.
- Local investors seeking an incomeproducing asset with clean title.
Documents & verification
- Title: Certificate of Occupancy (C of O) --- originals available for inspection during verification process.
- Additional documents: tenancy schedules, rent roll, asbuilt or floor plans (available where held); property photographs and basic site particulars available on request.
- Legal & technical due diligence recommended prior to offer.
Viewing & transaction process
- Viewings and full document inspection available to qualified purchasers upon proof of funds and scheduled appointment.
- Preferred transaction route: formal offer, heads of terms, deposit and completion through legal conveyancing and registry transfer. All sales conducted with standard legal protections.
Legal & disclaimer
All information provided is indicative and subject to verification. Prospective buyers must undertake independent legal, technical and financial due diligence. Price, availability and particulars may change without notice.
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.
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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