4 X 3 Bedroom House + Additional 300sqm Of Land Next To House

Listing title
For Sale: 4 x 3‑Bedroom Flats + 300sqm Vacant Land --- Off Allen Avenue, Ikeja
Size:(Total 900sqm)
Price: N350,000,000
(VIDEO AVAILABLE)

Quick summary
Well‑located investment property on Off Allen Avenue, Ikeja --- four separate 3‑bedroom flats on a secure 900sqm site that includes an additional 300sqm of vacant/undeveloped land. Ideal for investors, developers or owner‑occupiers seeking high rental yield, redevelopment potential or sectional sale.
Price: N350,000,000.

Property at a glance

- Property type: Residential investment / development lot
- Configuration: 4 x 3‑bedroom flats (self‑contained) + 300sqm additional vacant land within the site
- Total land area: 900 sqm (includes the building footprint and the additional 300 sqm parcel)
- Location: Off Allen Avenue, Ikeja --- premium mixed‑use corridor with strong demand for quality rentals and commercial uses
- Asking price: N350,000,000
- Availability: For immediate sale

Detailed description
This solidly built property comprises four comfortable 3‑bedroom self‑contained flats arranged to maximise privacy and rental appeal, together with a strategic 300sqm parcel of vacant land included in the sale. The configuration and generous site area present multiple options: continue as a high‑yield rental asset, subdivide and sell individual units (subject to consent), expand the current building, or undertake a small‑scale redevelopment (residential or mixed‑use, subject to planning).

Each flat is laid out for practical family living with functional living spaces and private sleeping quarters. The property benefits from a secure compound, ample parking and a prominent Off Allen Avenue address --- a location popular with professionals, corporate tenants and expatriates working in Ikeja and neighbouring commercial centres.

Key features & accommodation

- 4 x 3‑bedroom flats --- self‑contained units suitable for family or staff lets
- Additional 300 sqm vacant land included on the same title/parcel (confirm title split with seller)
- Secure compound with perimeter fencing and vehicular access from Off Allen Avenue
- Good natural light and ventilation across units
- Mature neighbourhood with established utilities and estate services nearby

Location benefits

- Prime Off Allen Avenue position --- close to Ikeja GRA, Computer Village, malls and business districts
- Excellent access to major roads and short drive to Murtala Muhammed International Airport
- Close to banks, shopping centres, corporate offices, restaurants, schools and hospitals --- strong tenant pool for long‑term lets
- High rental demand area with proven capital appreciation potential

Investment & development potential

- Attractive immediate rental income from four 3‑bedroom flats
- Vacant 300sqm parcel provides space for expansion: additional units, parking, recreational facilities or redevelopment
- Suitable for buy‑and‑hold investors, developers targeting small mixed‑use projects or owner‑occupiers seeking rental income offset
- Potential to increase value through renovation, improved management and professional marketing

Condition & title

- Condition: Good / habitable
- Title/tenure: Certificate of Occupancy, Deed of Assignment

Price & terms

- Asking price: N350,000,000
- Agency commission: 10%
-
What's included

- All four flats and the additional 300sqm vacant parcel as presented

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.

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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: Prince Idan