28 bedroom flat / apartment for sale
Greenville Estate, Badore, Badore, Ajah, Lagos
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.
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More details
₦110,000,000
The Build Centre Properties
09028190510