Property ID - 6132201

Property Name - A STOREY BUILDING

Location - Ilupeju Estate ,Mushin

Price - ₦150,000,000

No of Offers: 0

Description

1) It is located in the prime part of Ilupeju Estate. 2) when demolished and rebuilt, one can have 7 units of 3 bedrooms flats the building. 4) A 3 bedroom rents for #3,500,000 in the neighbourhod. 5) The 7 units of mini flats will generate #24,500,000 per annum. 6) The neighbourhood is dominated by Indian expatriate. 8) The expatriates pay up to 5 years rent and above upfront in the neighbourhood meaning that from the initial rent, one can generate as high as #122,500,000. 9) Constructing the 7 units of 3 bedroom flats will cost around 70,000,000

Documents

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Profiles

Location - Ilupeju Estate

Number of flats/apartment - Multiple

Size (square metre) - 540 Square meters

Size (plots) - One

Parking spaces - Available

Number of floors - Two

Condition of building - Good. It should be rebuilt for profit maximization

Major Landmark - Ilupeju Estate

Nearest bus stop - Coker Road