Distress property for sale in Lagos.

*Distressed Premium High Value Mixed Use Property in An Upscale Part of Yaba, Lagos, Nigeria.*

Net Price: N1.5Billion

LOCATION : Commercial Avenue Sabo, Yaba, Lagos.

Land Size : 2,700sqm

Title: The root title is C of O from Oyadiran Estate, Registered Title of Loss of Deed of Assignment.

Year of Built: 2003

No of Floors: 7 floors

No of Wings: 2 wings

Total Rooms: 165 rooms

Additional Facilities:
• Supermarket
• Laundry Mart
• Offices
• Lifts (currently out of use)
• Canteen
• Generator House
• Dedicated Transformer
• Ample Parking Spaces

Current Use: It is currently used as a service apartment with 3 variants of rooms : Premium. Basic and Unfurnished.

The guests have options of paying daily, weekly, or monthly.

The occupancy rate hovers between 95% to 100% in the last 3 years with monthly revenue of above *N14 million monthly*

A facility manager runs the apartment for the owner.

Few of the rooms are used as offices due to the prime location of the building.

Internet service providers occupy two offices with masts erected on the roof of the building.

The Supermarket and the Canteen serve the guests.