Functioning Hotel for Sale, Off Lasu Igando Road

Functioning Hotel for Sale, Off Lasu Igando Road - 1
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Price Analysis Fair Price

Based on 62 similar listings

Market Demand

High Demand

Details

Address
Off idowu egba bus stop lasu igando isheri rd
Condition
Fairly Used
Furnishing
Furnished
Property Type
Hotel
Square meters
725 sqm
Parking Spaces
10+

Functioning Hotel for Sale, Off Lasu Igando Road Highlights

  • Prime Location Access: Properties in this area often benefit from proximity to major transport routes and commercial hubs. This can translate to good accessibility for guests and staff.
  • Ample Parking Availability: Sufficient parking is crucial for hotels, accommodating both guest vehicles and staff. This indicates a capacity to handle a good number of visitors.
  • Established Hotel Infrastructure: Hotels typically feature essential infrastructure like reception areas, guest rooms, dining spaces, and potentially conference facilities. This layout is designed for hospitality operations.
  • Furnished for Immediate Operation: A furnished property means key elements like beds, furniture, and basic decor are already in place. This can significantly reduce the time and cost to begin operations.
  • Potential for Renovation: Properties described as 'fairly used' often present an opportunity for modernization. Buyers can update facilities to meet current standards and guest expectations.

Description

• 15-room hotel situated on a tarred federal road, off Idowu Egba Bus Stop, Lagos State. • Features include en-suite bedrooms, tiled floors, POP ceilings, and a CCTV control room. • Equipped with a borehole for water supply and a 60KVA generator (MK3 model) for backup power. • Includes a designated space for a swimming pool at the rear, though not yet constructed. • Property is furnished and in fairly used condition, with parking space for 10+ vehicles. • Located in the Iseri Olofin region, offering accessibility via Lasu Igando Road.

Compare

Functioning Hotel for Sale, Off Lasu Igando RoadThis item
Functioning Hotel for Sale, Off Lasu Igando Road
₦ 450,000,000
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750sqm Fast Food Outlet Facing Ikotun Idimu Road, Lagos
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ConditionFairly UsedFairly UsedFairly Used
Property TypeHotelTerraced DuplexShop
FurnishingFurnishedUnfurnishedFurnished
AddressOff idowu egba bus stop lasu igando isheri rdOdiyan street, behind prime watersIkotun Idimu Rd Alimosho Lagos
Square meters725 sqm323 sqm750 sqm
Parking Spaces10+—10+
Price₦ 450,000,000₦ 450,000,000₦ 500,000,000