Command Junction, Ipaja, Lagos
₦125,000,000
| Property Ref: 2799217 | Added On: 02 Apr 2025 | Last Updated: 02 Apr 2025 |
| Market Status: Available | Type: Block of Flats | Bedrooms: 12 |
| Total Area: 670 sqm |
This strategically located property facing the main road at Command Junction, Ipaja, Lagos, offers a high-value investment opportunity with a combination of residential and commercial units. Sitting on a full plot of land, this solidly built structure comprises two units of 3-bedroom flats, two units of 2-bedroom flats, two units of mini flats, and four spacious shops, making it highly profitable for rental income. The features include very spacious apartments, ample parking space, two staircases for easy access, durable aluminum roofing sheets, aluminum windows, a fully fenced and gated compound, and a well-floored environment. The current rental value generates a total annual income of 8 million, with each 3-bedroom flat renting for 1.2M (2.4M total), each 2-bedroom flat renting for 1M (2M total), each mini flat renting for 800K (1.6M total), and each shop renting for 500K (2M total). This property is ideal for both commercial and residential purposes, offering strong returns on investment. The asking price is 125 million, and the title documents include a registered survey and Omo Onile receipts, ensuring a secure and legitimate transaction.
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