Apartment Buildings For Sale Lagos Nigeria - Free Tips And Buildings For Sale
Please note that this directory is divided into two sections:
Then visit the Lagos Island apartment for sale directory.
Apartment Building Types Available
Apartment Buying - Whole Building Or Single Apartments
When buying apartments for sale, you have the option of buying the entire apartment building or single flats within the apartment building.
However, you will find that most apartment buildings for sale in mainland areas of Lagos Nigeria are sold as whole buildings NOT as single flats.
This means that if an apartment building consisting of a block of four units of 3 bedroom flat is listed for sale, the home owner is looking for a buyer who will buy the entire building.
The same goes for a home owner who has an apartment building he wishes to sell comprising of a block of six flats, each 3 bedroom.
In general, the practice in mainland Lagos is to sell the entire apartment building to a single buyer.
The seller needs the money and he needs it in bulk not in bits.
But apartment sales in the island areas of Lagos Nigeria is different.
In Lagos Island areas like Victoria Island, Ikoyi, and Lekki 1, apartment buildings are often sold as single flats. So, the buyer can buy one single flat as opposed to building the entire building.
Perhaps the reason why this practice is common on the island and not on the mainland is because . . .
1. Apartment prices are way off the roof in Lagos Island and
2. Many apartment buildings are high rise buildings. So, looking for a single buyer for the entire building doesn't make business sense.
On the other hand, properties are a lot cheaper on the mainland. Therefore, getting a single real estate buyer to buy an entire building sounds reasonable.
So, it's a win-win situation.
The good news is this . . . some expensive estates in mainland Lagos are already offering the option of buying single flats to potential home buyers.
This shift in apartment buildings for sale offerings on the mainland is most likely driven by the high prices of aparments in those estates and by the recent global economic meltdown that slowed property sales for awhile in the Lagos property market.
Should you buy whole apartment buildings or just a flat?
It's entirely up to you.
The deciding factor is the size of your budget.
List of Apartment Buildings For Sale - Mainland Lagos
1. Block of 4 units of 3 bedroom flat with 2 bedroom detached boys quarters off Ikorodu road, near Agric bus stop, before the Ikorodu town round-about. This building is off the main tarred road to Ikorodu town.
Nearest Bus stop: Jomovat bus stop
Price: 14 million Naira
Title: Receipt and survey
2. Block of 4 units of 3 bedroom flat with 2 units of 2 bedroom flat boys quarters (2 bedroom upstairs and 2 bedroom downstairs) at Omole phase 1 estate Ojodu Lagos
Title: C of O
Price: 70 million Naira
3. 2 storey building comprising 4 units of 3 bedroom flat and one unit of 5 bedroom duplex off Agidingbi road Ikeja (near Zenith bank on Agidingbi road Ikeja)
Title: Registered deed of assignment
Price: 80 million
P.S: Have apartment buildings for sale in Lagos mainland? List them on this site free using the simple property listing form below.
P.P.S: Looking for apartments for sale in Island areas of Lagos? Visit the Lagos Island apartment for sale directory.
Share Your Opinion or List Apartment Buildings For Sale in Mainland Areas of Lagos
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