Land for sale
Abaranje, Ikotun, Lagos
For sale --- watch video above
prime corner development site with 35 flats & 7 shops (abaranje)
price: ₦260,000,000
property overview
- rare corner parcel comprising two adjoining plots (combined size: 120ft x 120ft) located on a tarred road in abaranje --- high visibility and easy vehicular access.
- existing improvements: a multi-unit block totaling 35 residential flats and 7 road-facing shops.
- clean documents: registered survey plan and payment receipt. owner available for quick transaction.
current unit breakdown
- 3 units --- 2-bedroom flats
- 8 units --- mini-flats
- 24 units --- room & self-contained (single-room units)
- 7 shops --- road facing (commercial frontage with direct exposure)
why this asset stands out
- corner location on a tarred road = premium visibility for retail tenants and easy ingress/egress for residents.
- large scale, turnkey income stream: 35 residential units + 7 shops provide immediate rental revenue or cash-flow upside after minor renovations.
- flexible redevelopment potential: ideal site for a hotel, clinic/hospital, student housing, gated residential estate or mixed-use development (subject to planning approvals).
- two contiguous plots provide redevelopment scale rarely available in the area --- excellent for vertical development or phased projects.
- titles in order (registered survey & receipt) enable quicker due diligence and transaction processing.
investment highlights (conservative)
- multi-tenancy diversification reduces vacancy risk.
- value-add opportunity: refurbishment/convertible layouts can significantly increase rental income and asset value.
- strong demand corridor for housing and commercial services in abaranje --- suitable for institutional or private investors.
key facts at a glance
- location: abaranje (on tarred road)
- land size: two plots combined --- 120ft x 120ft
- existing units: 35 flats + 7 shops (see unit breakdown above)
- price: ₦270,000,000 (asking) ₦260,000,000 (net)
- documents: registered survey plan & receipt
- availability: owner alive and ready --- fast sale possible
ideal buyer profile
- property investors seeking immediate cashflow and value-add opportunities
- developers looking for a corner site with scale for residential or commercial redevelopment
- operators interested in launching a mid-size hotel, medical facility, or student housing project
next steps / viewing
serious buyers only. site inspections and document review by appointment. pre-qualified offers and cash-ready buyers will be prioritized.
note: all information provided is accurate to the best of the seller's knowledge. buyers are advised to carry out independent due diligence.
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More details
₦270,000,000
The Build Centre Properties
09028190510