Large Residential- Commercial Compound On 5000sqm Of Land

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.
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Ref: Efosa