Fantastic 3 Storey Investment Block Of 12 X 3bed + 4 X2 Bedrooms

FOR SALE
Massive 3‑Storey Investment Building --- 16 Flats (12 × 3‑Bed, 4 × 2‑Bed) --- Grandmate off Ago Palace Way, Okota ₦500,000,000 (C of O)

Price & Title

- Asking price: ₦500,000,000 (Five Hundred Million Naira)
- Title: Certificate of Occupancy (C of O) --- original available for verification.

Location & availability

- Location: Grandmate, off Ago Palace Way, Okota --- prime Lagos mainland corridor with strong residential and rental demand.
- Availability: Immediate sale. Viewings and full documentation available to qualified buyers.

Property overview
A substantial 3‑storey residential block positioned in a high‑demand section of Okota, offered as a single freehold asset. The building comprises 16 self‑contained flats --- 12 three‑bedroom units and 4 two‑bedroom units --- arranged over three floors, designed to deliver stable rental income and attractive yield for investors or owner‑occupiers seeking immediate cashflow. Title is clean C of O and the property is presented for distressed/quick sale consideration.

Key features

- Total units: 16 flats (12 × 3‑bedroom flats; 4 × 2‑bedroom flats)
- Building form: 3 storeys above ground (solid reinforced construction)
- Title: Certificate of Occupancy (C of O) --- transferable and available for verification
- Location advantage: Frontage/access via Ago Palace Way --- high visibility and good transport links to the Lagos mainland network
- Investment scale: Single‑asset block enabling portfolio‑level rental income or conversion/redevelopment upside

Typical unit specification (indicative)

- 3‑bedroom flats: spacious layouts with living/dining area, fitted/shell kitchen space, bathrooms (ensuite where applicable), provision for wardrobes and service area.
- 2‑bedroom flats: compact family units with living/dining, kitchen space and bathroom.
- Common areas: internal circulation/staircases servicing all floors; communal corridors and entrances.

Condition & current status

- Available condition: As‑is (sale of existing building). Buyers advised to inspect property to confirm tenant occupancy, internal finishes and any required refurbishment scope.
- Recommended due diligence: technical survey to assess structural condition, MEP status, roof and drainage, sanitary fittings, and any remedial works; tenancy audit for rental roll and arrears; confirmation of statutory compliance and rates.

Investment appeal

- Immediate rental income potential from established multi‑unit block --- attractive to yield‑focused investors, landlords and property funds.
- Economies of scale: single management platform for 16 flats reduces per‑unit operating costs and simplifies asset management.
- Redevelopment potential: subject to planning, building can be refurbished for higher rental grade or repurposed for mixed residential/commercial use to enhance returns.
- Strategic location on Ago Palace Way --- convenience for commuters and proximity to local amenities increases tenant demand and occupancy resilience.

Recommended buyer profile

- Buy‑to‑let investors seeking portfolio scale residential income.
- Property investment funds, HNW investors or developers looking for value purchase and refurbishment/repositioning opportunities.
- Local investors seeking an income‑producing asset with clean title.

Documents & verification

- Title: Certificate of Occupancy (C of O) --- originals available for inspection during verification process.
- Additional documents: tenancy schedules, rent roll, as‑built or floor plans (available where held); property photographs and basic site particulars available on request.
- Legal & technical due diligence recommended prior to offer.

Viewing & transaction process

- Viewings and full document inspection available to qualified purchasers upon proof of funds and scheduled appointment.
- Preferred transaction route: formal offer, heads of terms, deposit and completion through legal conveyancing and registry transfer. All sales conducted with standard legal protections.

Legal & disclaimer
All information provided is indicative and subject to verification. Prospective buyers must undertake independent legal, technical and financial due diligence. Price, availability and particulars may change without notice.

Ref: Efosa