Property ID - 5544201

Property Name - House on 1,300 Sq mtrs.

Location - Ilupeju,Mushin

Price - ₦450,000,000

No of Offers: 1

Description

1) It is located in the prime part of Ilupeju Estate. 2) It is on a cornerpiece. 3) when demolished, one can have three buildings containing 24 units of 3 bedrooms flats. 4) A 3 bedroom rents for #3,500,000 in the neighbourhod. 5) The 24 units will generate #84,000,000 per annum. 7) The neighbourhood is dominated by Indian expatriate. 8) The expatriates pay up to 5 years rent and more upfront in the neighbourhood meaning that from the initial rent, one can generate as high as #420,000,000. 9) Constructing the 24 units of 3 bedroom flats will cost around #250,000,000

Documents

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Profiles

Number of bedrooms - 10

Location - Coker road, Ilupeju, Lagos

Number of toilet & baths - Nil

Parking spaces - Available

Size (square metre) - Nil

Size (plot) - Nil

Number of floors - 1

Condition of building - Perfect