44 bedroom house for sale
Grandmate Off Ago Palace Road, Okota, Isolo, Lagos
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.
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₦500,000,000
The Build Centre Properties
09028190510