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OLD IKOYI --- PRIME INCOME‑READY APARTMENT COMPLEX
Asking Price: USD 550,000 per apartment
Entire asset: USD 21,000,000 (Twenty‑One Million Dollars) ---
Serious enquiries only
Location: Old Ikoyi
Land Size: 3,348.64 sqm
Title: Lagos State Certificate of Occupancy (C of O)
IMPORTANT VIEWING INFORMATION: Please read:
This is one of our HNWV properties with discreet ownerships and requires precise protocols to secure viewing privileges.
Provide government-issued ID for all attendees.
Sign and return a nondisclosure/confidentiality agreement in advance. (If applicable).
Complete any required background or security checks prior to viewing.
Book through the listing agent or appointed representative only.
Reserve a specific appointment time with minimum advanced notice (e.g., 24--72 hours).
Limit attendees to the approved number and list their names beforehand.
Agree to be escorted or directed by facility agents/security at any given times while on site.
No unapproved photography, video, or social-media posting during the visit.
Wear required attire and remove shoes or use provided shoe covers as requested and comply with our health & safety protocols.
Acknowledge and accept the property's privacy and security procedures in writing.
Confirm cancellation and rescheduling policies and adhere to them.
Coordinate arrival window and communicate delays directly to the agent.
No armed personnel, escort or firearms would be allowed on the premises.
For viewings & seamless progression, Contact Mr. Kola Adesina. EDBA- The property Guru on WA Chat Only::+2347049744444-
Discrete. Dependable. Capable. Entrusted.
Headline
Exceptionally built residential asset in Old Ikoyi --- 36 x 4‑bedroom luxury apartments across a modern high‑rise configuration (basement parking, ground floor and 12 residential floors). A turnkey investment with strong rental prospects, institutional specifications and comprehensive resident amenities.
Asset overview
- Total units: 36 units --- all 4‑bedroom apartments
- Building configuration: Basement (underground car park), ground floor and 12 suspended residential floors
- Price: USD 550,000 per apartment (or USD 21,000,000 for the entire property)
- Current indicative annual rent: USD 35,000 per flat (excellent rental income potential)
- Title: Lagos State Certificate of Occupancy (C of O) --- verifiable documentation
Apartment specification (each unit)
- 4 bedrooms --- all ensuite, fitted with built‑in wardrobes
- Spacious living room, anteroom and dining area --- elegant circulation and entertaining layout
- Fully fitted kitchen with modern appliances (oven, gas cooker, extractor hood, microwave, refrigerator)
- Dedicated laundry room and sizeable store room
- Servants'/staff quarters (BQ) with ensuite facilities
- Full air‑conditioning throughout
- Generous provision for storage and bespoke finishes (customisation available subject to agreement)
- Allocated parking: up to 3 car parking spaces per apartment (combination of underground & ground floor parking)
Block & building amenities
- Four passenger elevators providing direct access to all residential floors including penthouse levels
- Two swimming pools for residents' use
- Fully equipped gym and squash court --- premium wellness provision
- Central gas distribution system for kitchens and services
- Central sewage treatment plant and robust water management infrastructure
- Dedicated electrical transformers and backup power provisioning (details on capacity available on request)
- Comprehensive security: CCTV, controlled access and secured compound
- Designed for efficient operations and low OPEX with professional facilities management potential
Investment proposition
- Attractive entry pricing with optional individual unit sale or bulk acquisition of the entire asset
- Strong rental profile: USD 35,000 pa per flat offers compelling gross yield at current asking levels (detailed financial model available on request)
- Institutional quality construction and services reduce short‑term capital expenditure for an incoming operator or owner‑occupier
- Flexible strategy: hold for yield via professional leasing, execute a light refurbishment and reposition to premium market, or sell units on strata basis for accelerated capital returns
Due diligence, viewings & sale protocol
- Full technical pack, title documents, as‑built plans and financial summaries available to qualified buyers under NDA
- Proof of funds / banker's confirmation required before detailed documentation release and to arrange site inspection
- Viewings strictly by appointment; confidential inspections for vetted parties only
Confidentiality
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA. Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
*PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES*
Ref: May
Property Ref: 3052509 | Added On: 25 Aug 2025 | Last Updated: 25 Aug 2025 |
Market Status: Available | Type: Commercial Property | Total Area: 3,345 sqm |
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?
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.
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.
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.
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.
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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