Newly Built Investment Property On 5 Floors + Basement + Elevator

FOR SALE
Prime Near‑Completion Investment Building --- Asokoro, FCT
5,002.02 sqm
Land 5 Floors + Basement & Penthouse
C of O
₦15,000,000,000

Overview
Rare institutional‑grade asset in Asokoro --- 85% completed mixed‑use building on 5,002.02 sqm (approx. 1.24 acres) with basement parking for ~100 cars, 4 panoramic elevators, central cooling & fire sprinklers. Ideal for investors, owner‑occupiers, hotel conversion, corporate HQ or turnkey rental income. Title: Certificate of Occupancy (C of O). Asking: ₦15B.

Property summary

- Location: Asokoro, Federal Capital Territory (high‑end diplomatic/government corridor)
- Land area: 5,002.02 square metres
- Building: Basement + Ground + 4 suspended floors + Penthouse (residential level) --- 5 floors in total above ground plus basement
- Completion status: Approximately 85% complete (structural, core services and major vertical circulation in place)
- Elevators: 4 panoramic elevators + dedicated elevator to penthouse level
- Parking: Capacity for about 100 cars (basement + ground floor)
- Mechanical & life‑safety: Central cooling system provision, full sprinkler system installed
- Accessibility: Disabled ramp, 3 stairways including dedicated emergency exit stair
- Proposed penthouse layout: 2 × 4‑bed luxury apartments + 3 × 3‑bed luxury apartments (all ensuite) with dedicated elevator access
- Title: Certificate of Occupancy (C of O) --- available for verification
- Asking price: ₦15,000,000,000 (Fifteen Billion Naira)

Investment highlights

- Prime Asokoro location --- one of Abuja's most secure and prestigious precincts adjacent to government institutions, diplomatic missions and high‑net‑worth residential estates. Strong demand for premium office space, corporate HQs, serviced apartments and luxury residential units.
- Institutional specification --- panoramic elevators, central cooling and sprinkler fire suppression indicate a building built to high commercial standards and ready for final MEP fit‑out.
- Significant parking provision --- rare in prime zones and a key value driver for office and residential tenants.
- Near‑turnkey opportunity --- at 85% completion this asset offers a faster time‑to‑market and lower capex to enter service compared to a brownfield land development.
- Flexible end‑use: Ready to finish as premium open‑plan offices (ground to 4th), serviced offices/Co‑working, mixed commercial/residential, boutique hotel or luxury serviced apartments. Penthouse residential scheme already conceptualised.

Detailed building & facilities overview

- Structural & vertical circulation
- Reinforced concrete frame complete to penthouse level.
- 3 stairways including one dedicated emergency exit complying with safety separation.
- 4 panoramic elevators servicing public floors; separate dedicated elevator to penthouse level.
- Mechanical, electrical & plumbing (MEP) & life‑safety
- Central cooling system provision (chillers / AHUs installed or rough‑in completed --- to be verified on inspection).
- Sprinkler system installed throughout main floors.
- Provisional wiring and main electrical distribution in place (to be confirmed).
- Fire detection & alarm provision to be completed and commissioned.
- Layout & usage flexibility
- Ground to 4th floor: open plan floorplates suitable for high‑quality corporate offices, call centre, training hub or retail/amenity floors.
- Basement + ground parking: capacity for ~100 cars, service yards and plant rooms.
- Penthouse (5th floor): proposed luxury residential units --- 2 × 4‑bed and 3 × 3‑bed apartments, all ensuite, with dedicated lift --- suitable for executive accommodation or sale as high‑value apartments.
- Accessibility & universal design
- Disabled ramp access at main entrance.
- Multiple staircases and fire escape routes for occupant safety.

Current condition & scope to completion

- Status: 85% complete --- main structure, vertical cores, elevator shafts, sprinkler network and major building services largely in place.
- Remaining works (indicative): MEP final commissioning; internal partitioning and finishes; façade completion and glazing (if required); elevator commissioning and certification; full fire system testing & certification; landscaping and external hardscaping; interior fit‑out for intended use (office or residential finishes); statutory inspections & occupancy permit.
- Recommended next steps for buyer: detailed technical audit and BOQ by a quantity surveyor & MEP consultant to define remaining capex and projected completion timeline. Typical completion timeline: 3--9 months depending on fit‑out scope and procurement lead times (to be confirmed with contractor proposals).

Potential end‑uses & commercial strategies

- Corporate HQ / Grade A office building --- lease floors to ministries, multinationals, telecoms or oil & gas service companies.
- Serviced offices / Co‑working operator --- attractive location for premium flexible workspace providers.
- Boutique hotel or aparthotel --- penthouse as owner suites; ground/upper floors converted for hospitality.
- Luxury serviced apartments --- long‑term rental to diplomats, expatriates and senior executives.
- Mixed strategy --- combination of office floors and luxury penthouse apartments to diversify income.

Due diligence & documentation available

- Title: Certificate of Occupancy (C of O) --- originals available for verification during due diligence.
- Construction documentation: As‑built drawings, structural drawings, TDP / site plan and progress photographs (available on request).
- MEP & elevator manufacturer documentation, warranties and supplier contacts (to be provided where available).
- Statutory approvals: copies of planning approvals/permits and compliance certificates to be provided or confirmed during due diligence.
- Note: full access to technical documentation and site inspection will be provided to shortlisted/serious buyers after signing an NDA.

Buyer profile sought

- Institutional investors, pension funds, REITs or private equity funds seeking prime real estate in Abuja.
- Developers and property operators with capacity to complete final works and manage leasing or hotel/serviced apartment operations.
- High‑net‑worth investors seeking a near‑turnkey asset with short time‑to‑income and strong capital appreciation potential.

Indicative transaction process

1. Initial expression of interest (EOI) with proof of funds (POF) or bank reference.
2. NDA signed and due diligence pack released.
3. Site inspection and technical walk‑through with buyer's consultants.
4. Submission of indicative offer and proposed completion plan.
5. Exchange of heads of terms / MoU and deposit.
6. Legal, technical and financial completion; final payments and handover / completion works mobilised.

Why buy now

- Limited supply of institutional‑grade assets in Asokoro with integrated parking, MEP provisions and penthouse residential potential.
- Near‑completion status reduces early‑stage development risk and shortens time to leasing or operation.
- Strong tenant pool of government agencies, diplomatic missions, professional services and high‑end residential renters.

Price & contact

- Asking price: ₦15,000,000,000 (Fifteen Billion Naira) --- price reflects location, specification and near‑turnkey status.
- Serious enquiries only. Provide proof of funds or bank reference when expressing interest.

Disclaimer
All information provided is subject to verification. Prospective buyers are advised to carry out independent legal, technical and financial due diligence. Title, specifications and completion status to be validated during the inspection and due diligence process.

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: Akute