Key details

Bedrooms

1

Bathrooms

1

Condition

Fairly Used

Furnishing

Semi-Furnished

Property Type

Block of Flats

Property Address

Orelope

Block of 8 Mini-Flats & 5 Shops for Sale in Egbeda Highlights

• Location & Accessibility — Egbeda is a well-established area in Lagos, known for its bustling commercial activity and residential communities. It offers access to various transportation routes, connecting residents to other parts of the city.
• Property Type: Block of Flats — A block of flats typically comprises multiple independent residential units within a single building. This setup can offer opportunities for rental income or multi-generational living.
• Unit Layout: 1 Bedroom — A one-bedroom unit is generally designed for individuals or couples, offering a compact living space. It usually includes a bedroom, a bathroom, a living area, and a kitchen.
• Condition: Fairly Used — Fairly used properties have been occupied and may show signs of wear. They often represent a more affordable entry point into the property market, with potential for cosmetic upgrades.
• Furnishing: Semi-Furnished — Semi-furnished units typically include essential fixtures and fittings, such as kitchen cabinets, wardrobes, and bathroom fittings. Buyers may need to provide their own major appliances and furniture.
• Utilities & Infrastructure — Properties in this area often rely on the public water supply and electricity grid. Access to reliable utilities can vary, and some properties may have backup power solutions.

Description

• Investment opportunity: 1 block of 8 mini-flats and 5 retail shops. • Flexible layout: Potential to convert mini-flats into 4 larger 3-bedroom units. • Prime location: Situated on a busy link road in Orelope, Egbeda, Alimosho LGA, ensuring high foot and vehicular traffic. • Commercial advantage: 5 retail shops directly facing the tarred road, ideal for businesses. • Residential income: 8 tiled mini-flats ready for rental. • Security: Property is fully fenced and gated. • Documentation: Purchase Receipt and Registered Survey available. • Asking price: ₦200,000,000.

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