Newly Built 4 Bedroom Terrace

The headline Off Queen's Drive. Old Ikoyi, Lagos. 4-Bedroom Corner-Unit Terrace Townhouse with Dedicated BQ. Residential Zoning. Registered Deed of Lease. ₦55,000,000 Annual Rent (Plus ₦4,000,000 Service Charge). This Is the Ultimate Private Fortress for the Lagos Corporate Elite. And This Is the Unassailable Address That Protects Your Absolute Sanity. The problem There is a category of Lagos residential leasing that most C-suite executives read about but very few secure. Not because the rental capital is unavailable. Because the specific spatial configuration is. Old Ikoyi's most secure pocket---the quiet, fortified residential corridors branching directly off Queen's Drive---does not release low-density residential inventory frequently. When it does, the units are typically absorbed instantly by multinational corporations, foreign diplomats, or institutional heads who possess the financial capacity to move immediately when an address matches their security criteria. The gated residential enclaves off Queen's Drive represent that exact micro-corridor. A brand-new, ultra-low-density residential asset on this street---configured with just three premium townhouses in the entire cluster---is the specific type of private sanctuary that top-tier corporate operators spend years waiting for in the Ikoyi market. It is available today. The agitation Here is the calculation that every serious executive eventually makes about multi-unit estate living in premium Lagos nodes. The most structurally exhausting real estate mistake in Nigeria is paying top-market rent to live inside an over-populated, high-density mega-estate in Oniru, Banana Island, or generic Ikoyi pockets. In those bloated developments, you share walls, common areas, and gate infrastructure with 30 to 50 other residents. The spatial tax is immediate. You queue at your own estate gate because security is choked by visitors. You contend with parking violations from aggressive neighbors when returning from late-night boardroom sessions. Your balcony looks directly into ten other apartments, destroying your personal privacy. The NPC and offline market comparable metrics visible across the Ikoyi residential rental market tell the story numerically: A standard 4-bedroom terrace inside a 16-unit estate on Kingsway Road corridor---₦60,000,000 rent plus a volatile ₦7,500,000 service charge. You pay for high-density congestion. A 4-bedroom apartment inside an 18-story tower off Alfred Rewane---₦65,000,000 rent plus ₦8,000,000 service charge. Your family shares elevators and amenities with dozens of transient corporate tenants. This listing---a brand-new, 4-bedroom corner townhouse with just two neighbors in total off Queen's Drive---₦55,000,000 annual rent with a highly optimized, fixed ₦4,000,000 service charge. The positioning is mathematically precise. This asset is priced deliberately beneath the high-rise tower market because it bypasses vertical congestion entirely. Concurrently, it commands a premium over generic Ikoyi townhouses because it sits within a 3-resident private cluster, offering a density-to-privacy ratio that cannot be replicated at this price point. The window to lock in this private compound entry before Q4 corporate relocations close it is exceptionally narrow. The solution A brand-new, 4-bedroom corner-unit terrace townhouse spanning two expansive floors, complete with a dedicated Boys' Quarter (BQ), situated inside an elite gated close off Queen's Drive, Old Ikoyi. Total financial entry requires ₦55,000,000 annual rent, paired with a managed ₦4,000,000 service charge. Here is what this asset actually delivers for the executive who values operational sovereignty: The Micro-Location Analytics A satellite review of this micro-pocket reveals an unmatched proximity advantage. Positioned directly off Queen's Drive, the asset sits within the diplomatic and corporate residential anchor-zone of Old Ikoyi. It operates on an elite security grid, flanked by foreign consulates, multinational guest houses, and the highly secure waterfront estates of Nigeria's elder statesmen. A street-level traffic analysis demonstrates that this specific node allows you to completely bypass the standard bottlenecks of corporate Ikoyi. You exit your gate and access the absolute core of Victoria Island via the Falomo Bridge or Alfred Rewane Road within seven minutes, moving entirely against the primary commuter gridlock. The Development / Spatial Footprint Built deliberately across two functional floors, the architectural floorplate maximizes horizontal volume while preserving internal privacy. Because this asset is the premium corner unit, it benefits from an optimized end-wing position. This means you share a structural wall on only one side, securing three open facades that pull in clean ventilation and uninterrupted natural light. The floorplan assigns ensuite configurations to every bedroom, transforming each space into an isolated personal suite that eliminates morning logistical friction for your family or visiting international executives. The Zoning/Layout Multiplier The ultra-exclusive 3-townhouse cluster configuration operates as a severe financial and psychological multiplier. While mass-market developments inflate service charges to maintain massive swimming pools, commercial gyms, and sprawling lawns that you will never use, this layout intentionally features zero pool infrastructure. This layout decision achieves two critical corporate objectives. First, it completely eliminates the weekend noise pollution of neighbors' pool guests. Second, it structurally insulates your annual service charge from the hyper-inflationary diesel and water maintenance costs associated with shared aquatic facilities. The Legal Title Architecture The property is backed by an iron-clad legal pedigree, fully cleared through a registered Deed of Lease stemming from a flawless root title registered at the Lagos State Land Registry. The title chain is short, clean, and entirely free from estate disputes or multi-tier family claims. All corresponding documents---including approved building plans, structural stability certifications, and the master lease framework---are held in our custody and remain completely accessible for immediate, rigorous review by your legal counsel. The Urban Engineering & Flood Profile A geographical terrain assessment verifies that this specific pocket off Queen's Drive occupies one of the highest elevation crests in Old Ikoyi. The street is engineered with deep, subterranean gravity-fed drainage channels that connect directly to the primary Lagos lagoon discharge outlets, keeping the asphalt entirely dry and flood-resilient even during peak torrential downpours. The estate infrastructure runs on an uncompromising, triple-redundant logistical framework:

• Power Independence: An industrial-grade central backup generator paired with a dedicated estate transformer manages phase-balancing perfectly, completely bypassing municipal grid instability.
• Consumption Tracking: Individual pre-paid meters are installed per unit, putting you in absolute control of your internal energy billing.
• Pure Water Infrastructure: A heavy-duty, commercial-grade water treatment plant runs continuous multi-stage filtration, delivering clean, clear, completely odorless water across both floors.
• Ample Secured Parking: The layout designates multiple, unobstructed parking spaces inside the gated perimeter, ensuring your fleet is accessible and secure.

The annual ₦4,000,000 service charge is managed by an elite facility firm, strictly covering 24-hour physical gate guards, routine generator servicing, central waste management, and automated common area illumination. The Financial Breakdown

• Annual Rent: ₦55,000,000
• Service Charge: ₦4,000,000
• Agency Fee (10%): ₦5,500,000
• Legal Fee (5%): ₦2,750,000
• Refundable Caution Deposit (5%): ₦2,750,000
• Total Initial Financial Outlay: ₦70,000,000

Smilebay Realties does not list properties in infrastructure-compromised or flood-prone areas. This townhouse off Queen's Drive was rigorously assessed against that strict operational standard before listing. Vetted corporate clients and principal tenants are invited to schedule an immediate, private walkthrough by contacting our lead desk.