Property ID - 6125201

Property Name - A STOREY BUILDING

Location - Ilupeju Estate ,Mushin

Price - ₦200,000,000

No of Offers: 0

Description

Description: 1) It is located in the prime part of Ilupeju Estate. 2) when demolished, one can have two buildings containing 12 units of 3 bedrooms flats. 3) A 3 bedroom rents for #3,500,000 in the neighbourhod. 6) The 12 units will generate #42,000,000 per annum. 7) The neighbourhood is dominated by Indian expatriate. 8) The expatriates pay up to 5 years rent upfront in the neighbourhood meaning that from the initial rent, one can generate as high as #210,000,000. 9) Constructing the 12 units of 3 bedroom flats will cost around #120,000,000

Documents

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Profiles

Location - Ilupeju Estate

Number of flats/apartment - 4

Size (square metre) - 900

Size (plots) - One and half plots

Parking spaces - Available

Number of floors - Two

Condition of building - Good

Major Landmark - Ilupeju Estate

Nearest bus stop - Coker Road