DIRECT SALES
2 WINGS BUILDING FULLY FUNCTIONING HOTEL FOR SALE

INTRODUCTION

57 rooms fully functioning Hotel and is situated in the heart of Ikeja business district, in a quiet residential area

off Toyin Street Ikeja Lagos, about 2 kilometres from the International and Local Airports.

INVESTMENT HIGHLIGHTS

Potential to rebranding and repositioning opportunity. Corner piece property bordering 3 streets on 2400SQM
A profitable asset with considerable potential to improve the trading performance
Extremely well connected for access. 10 minutes drive from airports.

Year End December

2013 =76% Occupancy
2014 = 79% Occupancy
2015 = 76% Occupancy
2016 = 80% Occupancy

Forecast

THE PROPERTY is accessed through residential area in Emina Crescent which leads to a courtyard with appropriately 25 car parking spaces.

*FEATURES*

The property has two receptions which comprise front desk as well as general manager and admin offices to the right and a stair case immediately to the left. Each of the buildings has an individual entrance with stairs to all floors.

The conference hall seats 120 to 150 people and there is restaurant and bar. WIFI is provided through out
The laundry is located in a separate building and services the entire rooms with towels and linens

DEVELOPMENTAL POTENTIAL

Subject to planning, there is the potential to add up additional building and swimming pool by utilising the space in front of admin office.


EXTERNAL AREAS
The property has approximately 25 car parking spaces on 2400SQM

THE BUSINESS
The profitable and very well located business has considerable potential to improve the trading performance by way of repositioning the asset and reducing operational costs.
The business benefits from both International and local airports and other corporate clients and walk in guests. Our list of corporate clients include international organisations like the NGO's etc.
It is easily accessible due to its location in the heart of Lagos.

TENURE
Freehold C of O 2003

FIRE RISK ASSESSMENT
We understand that the property complies with the Regulatory Reform (Fire Safety) order 2010

PRICE
Offers in the region of N1, 500,000,000.00(ONE BILLION FIVE HUNDRED MILLION NAIRA ONLY) ONO

VIEWING
Viewing is strictly by prior appointment.
Please contact:08032222501

Your occupancy report is not upto date you stoped at 2016 did you stop receiving guests at that Year
And you could have at last send 2 or 3 pictures of the current condition of the rooms
Use a more professional photographed pictures of the area
Just my opinion though

Thanks for your Observation, this advert is basically for interested buyer to contact me directly, every other information including video will be provided.

One unit of a Royal full detached 4bedrooms duplex with a room boys quarters for sale at Ikeja GRA
Price:200m