28 bedroom block of flats for sale
By Skymall Ogidan Gated Estate, Sangotedo, Ajah, Lagos
For sale -- income-generating residential property in gated estate
ogidan, sangotedo, lekki, lagos
a newly built property originally developed as a hotel and professionally reconverted into residential apartments, located in ogidan, sangotedo, lekki, close to skymall shopping mall and blenco supermarket.
property composition:
15 units of self-contained (studio) apartments
2 units of 2-bedroom apartments
2 units of 1-bedroom apartments
2 units of bq
all studio apartments come with their own kitchen and bathrooms
reception area
separate building with rooftop terrace for tenants relaxation.
cctv monitoring system
price: n400m
key highlights:
fully occupied and well maintained
built to a high construction standard
strong rental demand due to strategic location
the property is fully rented and currently generating ₦40 million per annum
income upside:
annual income can increase to ₦60 million per year by new buyer:
introducing short-let operations in some units
reviewing rents upwards that are currently below market value
investment breakdown:
₦40m annual income 10 years to make your money back
₦50m annual income 8 years to make your money back
₦60m annual income 6 years to make your money back
other notable features:
title: governor's consent with approved building plans
parking: space for up to 14 cars
power supply: steady and reliable power supply in the estate
land size: over 1 plot
this is a ready-made, plug-and-play cash-flow property, ideal for investors seeking immediate returns with minimal setup.
price: ₦400 million
serious buyers only.
whatsapp: 0704 163 1604, or 0705 230 3...
More details
₦400,000,000
V4 Properties Ltd
+2347041631604
