Luxury Apartments
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Property Description
Investor Case -- Ikoyi Luxury Apartments
Acquisition Price: $22,000,000
Current Market Value: $31,700,000
Immediate Gain: $9,700,000
Investment Metrics
Resale ROI: 44% capital appreciation (at today's value)
Annual Rental Income: $1.32M
Rental Yield: ~6% per annum
Payback Period: ~16--17 years (accelerated with rental growth; Ikoyi market typically adjusts within 3--5 years)
Summary: This property offers the dual advantage of immediate capital upside for resale investors, alongside strong and sustainable rental income for long-term holders---a rare hybrid of cashflow and appreciation in Lagos' most exclusive enclave.
PROPERTY DETAILS
Configuration: 2, 3 & 4 Bedrooms
Bathrooms: 3, 4 & 5
Land Size: 4,300 sqm
Status: For Sale
Price: $22M
Brokerage Fee: 5%
AMENITIES
Air conditioning
Fully fitted kitchen
Walk-in closets
Reception lobby
Laundry & washer
Car park
Security & CCTV
Gated estate with 24/7 security
Swimming pool
Microwave & water treatment
Green area
Two passenger elevators + one service lift per tower
Location: Ikoyi, Lagos, Nigeria
Property Details
| Property Ref: 3103278 | Added On: 19 Sep 2025 | Last Updated: 19 Sep 2025 |
| Market Status: Available | Type: Commercial Property |
Interesting Facts
You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria?
Leisure and Shopping
Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.
Popular Estates
If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.
Day Life
You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi.
Night Life
Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs.
Schools
Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success.
Read the full area guide for Ikoyi, Lagos.
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Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by Knight Angels Realties Ltd. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
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6 Behind Iyanga Market, Asaba, Delta, Nigeria
0815 XXXX Show Phone
+2348151917169
Registered 5 years ago
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