Commercial property for sale
Marine Road, Apapa, Lagos
For sale --- watch video above
large residential/commercial compound: 2 buildings (c.24 × 3‑bedroom flats) ---
marine road, apapa
c of o
₦5.5b
overview: fantastic, high‑scale apapa opportunity: a substantial compound on c. 5,000 sqm comprising two substantial buildings with a total portfolio of three‑bedroom flats (unit mix and exact count available on request). the units are generously sized and finished to family standards with all rooms en‑suite. sitting on a sizeable landholding on marine road, this asset is ideal for continued residential letting, institutional housing, conversion to serviced apartments/hotel, or a commercial redevelopment. clear certificate of occupancy (c of o) --- attractive for investors and owner‑occupiers seeking scale in a strategic port‑side location.
property summary
- location: marine road, apapa, lagos
- land area: c. 5,000 sqm (single consolidated compound)
- buildings: 2 substantial blocks housing multiple 3‑bedroom flats (all rooms en‑suite) --- detailed unit schedule available on request
- unit count: advertised as a large block portfolio (c. 24 units) --- seller will confirm exact mix and floor plans to qualified buyers
- title: certificate of occupancy (c of o) --- certified documents available for verification
- asking price: ₦5,500,000,000 (five billion, five hundred million naira)
key features & benefits
- significant scale: large contiguous land and building footprint provides institutional scale and redevelopment flexibility.
- unit specification: spacious 3‑bedroom flats with en‑suite rooms --- strong appeal to families, corporate housing and long‑stay tenants.
- versatile location: marine road, apapa is strategically positioned for port‑related housing, staff accommodation, logistics staff housing and mixed commercial uses.
- redevelopment potential: site large enough for conversion to serviced apartments, boutique hotel, corporate housing campus or mixed‑use commercial/residential scheme (subject to planning).
- clear c of o supports institutional acquisition and project financing.
suitable uses
- buy‑to‑let residential portfolio / institutional staff housing
- short‑stay / serviced apartments or hotel conversion (subject to approvals)
- corporate housing for logistics, shipping or oil & gas companies
- mixed‑use redevelopment combining retail/office ground floors with residential above
- landbank for long‑term strategic repositioning
due diligence & recommended checks
- title & legal: verify c of o, chain of ownership and any encumbrances with your solicitor.
- technical: request measured plans, structural & mep condition reports and commission a site inspection and snagging/condition survey.
- commercial: obtain current rent roll, tenancy schedule and operating costs (if income producing).
- planning & statutory: confirm permissible uses, coverage and any port/municipal conditions with lagos state planning authority.
- environmental & flood risk: screening recommended given port/riverine proximity.
- utilities: confirm power, water and drainage capacity for continued operation or conversion.
sale process & viewing
- viewings by appointment only for pre‑qualified buyers --- proof of funds required before release of full dossier and site access.
- documentation: certified c of o, unit schedule, floor plans and condition photos available to qualified parties under nda.
- offers: submit letter of intent (loi) with buyer profile and pof. shortlisted buyers invited for inspection and data‑room access.
- completion: heads of terms solicitor‑led conveyancing and completion.
note: all information is supplied in good faith. prospective buyers should undertake independent legal, technical and financial due diligence. 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*
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
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₦5,500,000,000
The Build Centre Properties
09028190510