Exquisite 2 X 4 Bedroom Apartments + 10 Self Contained Flats On Offer

Listing titleFor Sale (Semi‑Direct) --- Block of Flats / Apartments --- Greenville Estate, Badore, Ajah 690 sqm ₦110,000,000 (Net)

OverviewRare ready‑income, renovated apartment block in Greenville Estate, Badore (Ajah). This turnkey asset comprises two 4‑bedroom flats plus ten self‑contained studio/room units (all rooms ensuite) totalling 18 ensuite rooms. Sitting on 690 sqm, the property is fully renovated, vacant and priced to sell at ₦110 million net --- an attractive acquisition for investors seeking immediate rental income or a hands‑on owner‑operator.

Property summary

- Property type: Residential block of flats / mixed unit apartment block
- Unit mix: 2 × 4‑bedroom flats + 10 × self‑contained room units (studio/room)
- Total rooms: 18 (all ensuite)
- Land size: 690 sqm
- Condition: Renovated --- vacant and ready for occupation or letting
- Current / projected total annual rent: ₦9,000,000 (indicative)
- Asking price: ₦110,000,000 (One hundred and ten million Naira) --- Net

Key features & highlights

- Renovated and well‑maintained block offering modern, practical finishes suitable for immediate letting.
- All rooms ensuite --- strong appeal to professionals, single tenants and small families.
- Mix of family apartments and self‑contained units provides diversified rental income streams.
- Located within Greenville Estate --- secure estate environment attractive to tenants.
- Efficient use of 690 sqm plot with parking and external circulation areas (confirm exact parking count on inspection).
- Vacant possession --- immediate occupation, letting or light re‑branding possible.

Investment appeal & use cases

- Buy‑to‑let investor: diversify rental portfolio with mixed unit types and steady annual income.
- Owner‑occupier with rental subsidy: live in one unit and rent remaining units for income.
- Short‑stay / serviced apartment conversion: with targeted furnishing and management, units could command premium nightly rates.
- Student or staff housing for nearby employers or institutions (subject to demand and approvals).

Financial & yield notes

- Stated total annual rent: ₦9,000,000 (useful as a baseline for rent roll; actual income will depend on occupancy, rent levels and management).
- Attractive entry price relative to replacement cost --- renovation already completed, reducing near‑term capex.
- Investors should build a cashflow model incorporating vacancies, management fees and service costs to assess yield.

Due diligence & recommended checks

- Title & documentation: Request certified title documents (C of O / Deed / Conveyance or other) and instruct solicitors for verification.
- Tenancy & financials: Request historic rent roll (if any), operating expenses and service charge details.
- Technical: Inspect the property; obtain a basic snagging/condition report (roof, MEP, plumbing, electrics) despite recent renovation.
- Legal & compliance: Confirm planning/use permissions, estate bye‑laws and any outstanding rates or levies.
- Utilities: Verify power, water and waste arrangements and any borehole/generator provisions.

Viewing & sale process

- Viewings: By appointment only --- proof of funds or serious buyer pre‑qualification required before full dossier and site access are released.
- Offers: Submit a Letter of Intent (LOI) with buyer profile and proof of funds. Shortlisted buyers will receive full documentation and be invited for inspection.
- Transaction: Standard solicitor‑led conveyancing; buyer to budget for legal fees, stamp duty and registration charges.

Note: All information is provided in good faith and should be independently verified by prospective buyers and their advisers. Price and availability are subject to prior sale.

Ref: Nnedu