Blocks Of 12 Units Of 2 Bedroom+ 8 Units Of 1 Bedroom Apartments

Listing title
Investment Opportunity --- 20 Luxury Flats (12 x 2‑Bed + 8 x 1‑Bed) --- Ayo Babatunde Crescent, Oniru VI, Lagos C of O ₦4.5B (Net)

Overview
An established, well‑maintained luxury apartment block in the heart of Oniru VI --- an exceptional investment offering comprising 20 flats on a single 1,543 sqm freehold site. The building contains twelve 2‑bedroom units and eight 1‑bedroom units (mini‑flats), presented as a single lot. The property is offered for sale with a clean Certificate of Occupancy (C of O) and is ideal for repositioning as a boutique hotel, premium Airbnb/short‑stay portfolio, corporate housing or a high‑yield residential investment.

Property summary

- Property type: Purpose‑built luxury apartment block (single title sale)
- Unit mix: 20 flats total --- 12 x 2‑bedroom flats; 8 x 1‑bedroom (mini) flats
- Land area: 1,543 sqm
- Location: Ayo Babatunde Crescent, by Oniru Gate, Oniru VI, Victoria Island / Lekki corridor, Lagos
- Title: Certificate of Occupancy (C of O) --- available for inspection by qualified buyers
- Asking price: ₦4,500,000,000 (Four billion, five hundred million Naira) --- net of all taxes

Condition & asset notes

- Well‑maintained, luxury specification throughout (regular upkeep and professional estate management in place) --- ideal for immediate occupation or seamless conversion to short‑stay/hospitality use.
- Single‑lot sale simplifies acquisition for investors or hotel operators seeking a consolidated asset with scale and immediate operating potential.
- Strong location adjacent to Oniru Gate --- excellent access to Victoria Island, business districts, retail and leisure amenities.

Why this is an attractive investment

- Prime Oniru location with strong short‑stay and long‑term rental demand from expatriates, corporate tenants and leisure guests.
- Unit mix (12 x 2‑bed + 8 x 1‑bed) offers flexibility: retain as long‑let residential, convert some units to serviced apartments/Airbnb, or operate as small boutique hotel.
- Single‑title ownership and clear C of O reduce acquisition complexity relative to multi‑title assets.
- Immediate yield potential from existing tenancy (confirm tenancy schedule) and opportunity to uplift income via professional asset management, rebranding or service‑led pricing.
- Scalability: attractive for investors seeking to add a hospitality or short‑stay product in a premium Lagos micro‑market.

Potential uses

- Boutique hotel or serviced apartments (short‑stay / corporate housing)
- Entirely buy‑to‑let residential portfolio (long‑term tenancies)
- Mixed model (some units retained for short‑stay / premium nightly rates and some for long‑term corporate lets)
- Student housing, staff accommodation for corporate clients or embassy housing (subject to demand)

Key benefits for buyers

- Consolidated 20‑unit block on a substantial 1,543 sqm site in a high‑demand location
- Clean C of O: supports mortgage/financing options and straightforward title transfer
- Large, divisible unit mix enabling flexible operating strategies and revenue optimisation
- Close proximity to Victoria Island commercial nodes and Oniru retail/leisure facilities --- premium tenant pool

Due diligence & documents available on request

- Certificate of Occupancy (C of O) and chain of title documents (available to qualified buyers)
- Site plan and as‑built floorplans for all units
- Tenancy schedule, current rental roll and statement of service charges (if occupied) --- request from agent
- Recent maintenance records, estate management arrangements and capital expenditure history
- Utility supply details (power/water arrangements) and any warranties or guarantees on building systems

Recommended buyer checks

- Verify C of O and title chain with a solicitor; confirm absence of encumbrances
- Review tenancy schedule, historic occupancy and income statements (if income‑producing)
- Conduct site inspection and technical survey (structural, M&E, roof and services)
- Assess suitability and permits for short‑stay/hospitality conversion if planned (NAFDAC/Local authority requirements for hospitality operations)
- Confirm tax position, transfer costs and any outstanding statutory rates

Sale process & purchase requirements

- Viewings: By appointment only --- proof of funds or buyer pre‑qualification required prior to detailed inspection and release of title documents.
- Offers: Submit formal expression of interest (EOI) and proof of funds; preferred buyers will be invited to review full dossier and tenancy records.
- Legal & completion: Standard conveyancing applies --- buyer to instruct solicitors; transaction to be completed on receipt of cleared funds or agreed escrow arrangement.

Ref: D. Efosa