Key details

Address

Orazi off GRA Portharcourt

Condition

Fairly Used

Furnishing

Furnished

Property Type

Hotel

Square meters

3,250 sqm

Parking Spaces

10+

International Standard Hotel for Sale/Lease in Orazi, Port Harcourt Highlights

• Prime Location — Properties in Orazi, especially near the GRA, are often sought after for their accessibility and prestige. This area typically offers good infrastructure and proximity to key business and residential zones.
• Hotel Infrastructure — Hotels are designed with guest comfort and operational efficiency in mind. They typically include multiple rooms, common areas like lobbies and dining spaces, and essential back-of-house facilities.
• Ample Parking — Sufficient parking is crucial for commercial properties, especially hotels. Ample spaces ensure convenience for guests, staff, and visitors, contributing to a positive first impression.
• Furnished Spaces — Furnished properties offer immediate usability, saving the buyer time and expense on outfitting. This is particularly beneficial for hospitality businesses ready to operate.
• Established Utilities — Commercial properties typically require robust utility connections, including reliable water supply and electricity. These are fundamental for uninterrupted operations.
• Security Considerations — Security is paramount for hotels and commercial establishments. Features often include controlled access points, surveillance systems, and dedicated security personnel to ensure safety.

Description

• A 3-storey, 51-room functional hotel with a fenced perimeter and gated access, situated on a floored ground in a well-developed, busy commercial area. • Property includes an Olympic-size swimming pool and vast unused land suitable for future expansion. • Strategic location near GRA Phase 3, Orazi, Port Harcourt, offering excellent accessibility and visibility. • Utilities include a 33KVA electricity supply and a private transformer, ensuring consistent power. • Offered for sale at N1.2 billion asking price or for lease at N60 million per annum, with slight negotiation possible. • Land title documents include 5 plots with Certificate of Occupancy (CofO) and 2 plots with Deed of Fidelis (DoFC). • The hotel is direct mandate and not encumbered, ready for immediate transaction.

Compare

	This itemInternational Standard Hotel for Sale/Lease in Orazi, Port Harcourt	Warehouse with Office Complex for Sale, Maraba	Filling Station & Warehouse for Sale, Sapele Road, Benin City
Condition	Fairly Used	Fairly Used	Fairly Used
Property Type	Hotel	Warehouse	Filling Station
Furnishing	Furnished	Furnished	Unfurnished
Address	Orazi off GRA Portharcourt	Maraba	Sapele road, Benin City
Square meters	3,250 sqm	2,700 sqm	1,400 sqm
Parking Spaces	10+	10+	10+
Price	₦ 1,200,000,000	₦ 950,000,000	₦ 1,200,000,000