For Sale Lagos ₦95 Million - Commercial
The subject property is set on a site measuring approximately 1,219 sq m with a road frontage of 31m (102 ft) comprising five detached single storey buildings to include restaurant and night club, conference hall, guest rooms and the gate house with parking for up to 10 cars.
The two main buildings would fit an alternative church use with each building providing seating capacity for a total of 500 people (300 people plus 200 people). The property provides additional advantages to include private rooms which would serve as offices and ensuite guest rooms which would serve as lodging for parishoners and guests. The property is currently licenced on hourly bases to established and starter churches to include local parishes of the Redeemed Christian Church of God (RCCG) and Christ Embassy with licence fees generated for the periods they use in the order of N4m per annum.
The property also has development potential with the flexibility for subdivision due to its wide frontage onto Akilo Road. The street is a busy and popular road in Ogba connecting Ikeja through Oba Akran Avenue on its south side with Ijaiye Road in Ogba to its north. Akilo Road is fast transiting into a major commercial road due to its good access road and excellent footfall which supports various types of consumer based businesses.