For Sale: New Executive Bungalow + Multiple Income Units For Acquisition, Governors Road, Ikotun, Lagos | 7 Beds, 7 Baths (Ref: 3199426)

New Executive Bungalow + Multiple Income Units For Acquisition

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Property Description

Property for Sale --- Governor's Road, Ikotun, Lagos
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Property type: Newly built executive bungalow with multiple income units (residential investment)Location: Off Governor's Road, Ikotun, LagosTitle / Documents: Receipt and Survey Plan available (please request originals for verification)Asking price: ₦80,000,000

Property summary
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A newly constructed executive bungalow on a standard 40ft x 120ft plot offering a versatile income-generating layout. Finished to a modern standard with POP in the sitting area and ensuite rooms throughout, this property is ideal for an investor seeking immediate rental income or an owner-occupier who wants additional rental units. Located in a well-served Ikotun neighbourhood with easy access to major roads and local amenities.

Unit mix
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- 1 × 2-bedroom flat (executive standard)
- 3 × mini-flats (self-contained)
- 1 × single room, self-containedTotal units: 5 apartments

Key features & finishes
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- All rooms ensuite (ensuit) for privacy and tenant appeal
- Plaster of Paris (POP) finish in the sitting room for a refined interior look
- Newly built construction with contemporary fittings
- Practical layouts suitable for long-term rentals or short-let conversions
- Built on a 40ft by 120ft land parcel (ample compound space for parking or minor expansion)
- Secure fenced compound with gated entry (security enhancements recommended as required)

Title & legal
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- Documents on hand: Payment Receipt and Survey Plan (Survey)
- Prospective buyers should confirm the status of the Governor's consent or obtain Certificate of Occupancy (C of O) through the appropriate channels if required; agent can assist with documentation queries.

Investment highlights
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- Newly built units reduce immediate maintenance costs and increase tenant attraction.
- Mixed unit typology (2-bed + mini-flats + single self-contained) diversifies rental income streams.
- Suitable for families, young professionals and students --- broad tenant pool in Ikotun.
- Positioned on a standard 40ft x 120ft plot offering potential for additional development or conversion (subject to planning approvals).

Suggested uses
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- Long-term rental portfolio for steady cashflow
- Owner-occupier with rental income from ancillary units
- Short-lets / serviced apartments for higher yields (with minimal additional furnishing)
- Value-add refurbishment to further increase rental rates

Sale terms & viewings
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- Asking price: ₦80,000,000 (price negotiable for quick or conditional offers)
- Viewing by appointment only; interested buyers must provide ID and proof of funds prior to inspection
- Reservation: deposit and terms to be agreed upon offer acceptance; legal verification recommended before payment

Next steps & what we can provide
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- Provide full property title documents and survey copies upon formal request
- Supply recent photographs, floor plans and a walkthrough video if available
- Prepare an estimated rental income projection and yield analysis on request

Contact
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To request documents, arrange a viewing, or obtain an ROI/rental projection, contact the listing agent:

[Insert agent name]Phone: [Insert phone number]Email: [Insert email address]

If you'd like, I can add a short comparative market summary for Governor's Road / Ikotun, or draft an ad-optimized version for property portals.


Property Details

Property Ref: 3199426Added On: 12 Nov 2025Last Updated: 12 Nov 2025
Market Status: AvailableType: Detached BungalowBedrooms: 7
Bathrooms: 7Toilets: 7   

Interesting Facts

Ikotun hosts West Africa's most visited religious tourism site; The Synagogue Church of All Nations and is home to one of Lagos state's largest marketplaces; Ikotun Market. The popular Nigerian singer and songwriter, Adekunle Gold was also raised in the neighbourhood.

Leisure and Shopping

Ikotun Market is one of the largest markets in Lagos State and is available to cater to the shopping needs of its residents. KAF Mall, Twins Faja Supermarket and Sengabis Supermarket are indoor shopping options within the area.

Popular Estates

Given the large population of people that reside in Ikotun, it would be absurd if there were not enough housing alternatives in the vicinity. Peace Estate, as the name suggests, is a very serene option whereas Adams and Diamond Estates provide reasonably priced properties.

Day Life

Ikotun is a wonderful area to visit if you want to unwind. Watch a movie at Filmworld Cinemas, cool off at the pool in Brainfield Event Centre, dine at Food City and Dominos Pizza or enjoy ice cream at Coldstone Creamery.

Night Life

Even at night, Ikotun bustles with activity. Popular nightlife spots include Ace Lounge, The Place, Club Hardrock, and The Leo Club.

Schools

Crestview International Schools, which includes a crèche, nursery, primary, and secondary school, is one of the most well-known schools in Ikotun. Other prominent schools in the area include Fortune Private Schools, Solid Steps International School, and Molan Schools.

Read the full area guide for Ikotun, Lagos.

Interested in this property?

Call 0902 XXXX Show Phone
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