Standard Block of Flats for Sale in Magboro, Oke Afa

This lucrative investment opportunity presents a standard block of flats for sale in the prime location of Magboro, Oke Afa, situated very close to the expressway. The property boasts a diverse range of units, ideal for various purposes, including residential and commercial ventures. The complex comprises:

• One (1) unit of a 2-bedroom flat
• Two (2) units of a room and parlour
• Two (2) units of single room self-contained apartments

Key Features and Benefits

This property is exceptionally well-equipped and strategically positioned, offering significant potential for high rental yields and capital appreciation. Notable features include:

• All flats are currently tenanted: Generating immediate rental income.
• Ensuite rooms: Providing enhanced comfort and privacy.
• Ideal for diverse uses: Suitable for conversion into a small hotel, school, or other commercial ventures.
• Built-in kitchen cabinets and wardrobes: Adding to the overall value and convenience.
• Spacious living rooms: Offering ample living space.
• Fully developed area: Benefitting from established infrastructure and amenities.
• Running borehole water: Ensuring a reliable water supply.
• Good electricity supply: Minimizing power disruptions.
• Close proximity to a bus stop: Providing easy access to public transportation.
• Secure neighborhood: Offering peace of mind to tenants and investors.
• Modern finishing: High-quality construction and contemporary aesthetics.
• Prepaid meter: Providing cost-effective electricity management.
• Motorable road access: Ensuring easy accessibility for vehicles.
• Floored compound: A well-maintained and organized outdoor space.
• Fenced compound with two gates: Enhancing security and privacy.
• More than one full plot of land: Offering significant expansion potential.
• Excellent rental value: Ensuring a strong return on investment.
• Plot size: 15m (Please clarify the unit of measurement - meters?) in the area.
• Expansion potential: The original foundation was designed for a storey building; buyers can complete the structure.

Pricing and Documentation

Price: ₦39,000,000 (Thirty-Nine Million Naira) Asking Price

Title Documents: Receipt and Deed of Assignment.

Inspection Fee Applies: Please contact us to schedule a viewing.

Contact us today to arrange a viewing and explore this incredible investment opportunity!