Key details

Address

Off ikorodu road ikorodu lagos

Condition

Fairly Used

Furnishing

Furnished

Property Type

Hotel

Square meters

2,382 sqm

Parking Spaces

10+

Secure Parking

true

92-Room Hotel for Sale - Ikorodu, Lagos Highlights

• Prime Location — Properties in Ikorodu, Lagos, benefit from proximity to major transport routes and commercial hubs. This area is known for its growing economic activity and accessibility.
• Hotel Layout & Capacity — A 92-room hotel typically offers a diverse range of accommodation options, catering to various guest needs. This scale suggests significant potential for occupancy and revenue generation.
• Furnished Accommodation — Furnished properties provide immediate usability for guests, reducing setup time and costs for the new owner. This often includes essential furniture and fixtures in each room.
• Ample Parking Facilities — A substantial number of parking spaces, especially secure ones, is a significant advantage for hotels. It enhances guest convenience and can accommodate a high volume of visitors.
• Property Condition Considerations — Properties described as 'fairly used' may require ongoing maintenance or potential upgrades to meet modern standards. Buyers should assess the current state for any necessary improvements.
• Utility Infrastructure — Hotels rely heavily on consistent water and power supply. Buyers should verify the reliability and capacity of these essential utilities in the location.

Description

• A substantial 92-room hotel situated on 2,382.258 sqm of land. • Includes an additional 500 sqm adjoining bare land, also facing the main road, offering expansion potential. • Property comprises a 3-storey hotel building and a separate single-storey bar and hall block. • Features 2 halls, a swimming pool, gym, restaurant, and open bar. • Ample parking space for 20+ cars. • Located approximately 1 minute's drive from Ikorodu Road, with main-road frontage and accessible within Ikorodu. • Title includes Deed of Assignment and Terms of Settlement with the family through court. • Fully functional and operational, ready for immediate business. • Price: ₦2 billion.

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