For sale: Hotel For Sale In Ikoyi

Commercial Property For Sale Oyinkan Abayomi Drive Ikoyi Lagos selling for ₦69,734. See property details on PrivateProperty.com.ng or browse all our range of properties in Ikoyi Ikoyi Lagos

A luxury hotel building with L shape on three floors comprising 2 studio apartments, 7 No 1 bedroom apartment, 2 No 2 bedroom apartment, and 2 penthouse apartment, Hotel (existing). Minimum floor height is 2 while the maximum is 4 floors, Interest/Title: Leasehold of 80 years unexpired term,

Rates includes: Studio room- $350.00 per day, 1 bedroom apartment- $500.00, 2 bedroom apartment- $800.00, Penthouse Suite 2-$1,400 and Penthouse Suite 1- $1,800.00 (All per day), Yield: Between 8% to 9% on ROI,

The building is in a good state of structural repairs and maintenance which portends minimal cost of likely ambience and facilities upgrade. List of tenants and rentals paid: Shell, Total, Lionel Richie(International Musician), Roberto Kelly (International Musician) and host other celebrities.