18 bedroom house for sale
Off Orelope Street, Egbeda, Alimosho, Lagos
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for sale ---
investment block: 6 x 3โbedroom flats + 6 shops (corner plot) ---
off orelope, egbeda
full plot
c of o
โฆ200,000,000
overview: investmentโgrade mixedโuse asset in egbeda --- six selfโcontained 3โbedroom flats above a row of six commercial shops, sitting on a full plot and positioned on a tarred road off orelope. the property occupies a corner location which improves visibility and rental potential for the retail units. offered with a clean certificate of occupancy (c of o), this ready income asset is ideal for buyโtoโlet investors, ownerโoccupiers who want rental income, or developers seeking value through active asset management.
property summary
- asset: residential block of 6 x 3โbedroom flats plus 6 groundโfloor shops (corner plot)
- land size: full plot (exact dimensions available on request)
- location: off orelope, egbeda, lagos --- on a tarred road with good local access
- title: certificate of occupancy (c of o) --- certified copies available for qualified buyers
- asking price: โฆ200,000,000 (two hundred million naira)
accommodation & key features
- six spacious 3โbedroom, selfโcontained flats (typical family layouts) --- ideal for mediumโterm family tenancies or corporate lets
- six commercial shop units at ground level --- excellent for stable retail income (shop tenants typically include convenience retail, salon, miniโmart, tailoring etc.)
- corner plot position increases frontage, visibility and access for both residential and commercial tenants
- property sits on a tarred road --- easy access for tenants, customers and service vehicles
- potential for immediate rental income or light refurbishment to uplift rents and capital value
investment appeal & uses
- immediate rental yield: dual income streams from flats and shops provide diversified cashflow and lower vacancy risk.
- valueโadd opportunity: modest capex (refurbishment or reโletting strategy) can raise rental rates and asset value.
- suitable for: buyโtoโlet investors, corporate landlords, private equity rental portfolios, or individuals seeking an incomeโproducing property.
- corner/retail locations in egbeda maintain steady demand from local tenants and smes --- strong cashflow prospects.
title & documentation
- title: certificate of occupancy (c of o) --- certified copies and title pack available to qualified buyers and solicitors for verification.
- additional documents: tenancy schedule (if occupied), utility receipts and basic building plans available on request.
due diligence & recommended checks
- legal: solicitor to verify the c of o, chain of ownership and check for encumbrances or outstanding rates.
- financial: request tenancy schedule, current rental roll and service charge information (if any).
- technical: physical inspection to confirm condition of flats/shops, mep systems (electrical, plumbing), roof and structural integrity.
- planning: confirm any permitted changes of use or alteration constraints with the local planning authority if intending redevelopment.
practical information & sale process
- viewings: by appointment only for preโqualified buyers. proof of funds or credible bank reference will be required prior to document release and inspection.
- offers: submit a letter of intent (loi) with buyer details and proof of funds. shortlisted buyers will be provided the full dossier and invited for a site visit.
- transaction: standard solicitorโled conveyancing; buyer to budget for legal fees, stamp duty, registration and any agent commission.
note: all information is provided in good faith and prospective buyers should undertake independent legal, technical and financial due diligence prior to purchase. availability and price are subject to prior sale.
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₦120,000,000
The Build Centre Properties
09028190510