DISTRESS SALE – 3 FLATS (2×2-BEDROOM + 1×1-BEDROOM) ON 350SQM FOR ₦15M IN NUNG OKU, UYO (video)

 

Real estate investors and home buyers looking for affordable opportunities in Uyo may find this offer particularly interesting. A partially completed block of flats located at Nung Oku Junction has been listed for sale at a distress price of ₦15 million, presenting a potential opportunity for investors seeking rental income or long-term property appreciation.

The property is marketed by CH Homes & Properties, a real estate firm operating within Akwa Ibom State.

Property Overview

The property sits on approximately 350 square meters of land and consists of three residential units, designed to accommodate multiple tenants.

Units available on the property include:

  • Two units of 2-bedroom flats

  • One unit of a 1-bedroom flat

Because the building already contains multiple residential units, it presents a potential income-generating opportunity once completed and rented out.




Current Construction Status

The building is estimated to be about 60% completed, meaning most of the structural work has already been carried out. This significantly reduces the amount of capital a buyer would need to invest to bring the property to completion.

Some of the work already completed includes:

  • Borehole water system already drilled

  • Property fully fenced

  • Soak-away system completed

  • Roofing installed

  • Ceiling installed

  • Doors fixed

  • Plumbing pipes installed

  • Electrical conduit pipes installed

At this stage, the major remaining work is mainly interior finishing, such as tiling, painting, fittings, and final electrical installations.

Location Advantage

The property is located at Nung Oku Junction, by the drainage area in Uyo, within a developing residential environment. Areas like this often attract working-class tenants, making such properties suitable for rental investments.

Uyo has been experiencing gradual real estate growth as the capital of Akwa Ibom State, with increasing demand for residential apartments in expanding neighborhoods.

Pricing and Investment Potential

The property is listed at a distress price of ₦15,000,000, with a 10% broker fee applicable.

In comparison to the cost of starting a building project from scratch, purchasing a partially completed structure like this can sometimes allow investors to:

  • Save construction time

  • Reduce foundation and structural costs

  • Accelerate rental income potential

However, as with any property investment, buyers are advised to conduct proper due diligence, verify ownership documents, and inspect the site physically before making payment.

Contact Information

For inquiries or inspection arrangements, interested buyers can reach:

CH Homes & Properties

📞 Call / WhatsApp: 0708 434 7143
📧 Email: chhomesandproperties@gmail.com
📘 Facebook / LinkedIn: CH Homes & Properties

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