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Flat / apartment for sale

3 Bedroom Penthouse

Salem Ikate Lekki, Ikate, Lekki, Lagos
₦240,000,000
#375-804-5 3 Nov 2026 Added today
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3 Bedrooms
3 Bathrooms
4 Toilets
Flat / Apartment Property type

About this property

About ConnectSeller Listings ConnectSeller Listings is an elite buyer-agency service engineered to eliminate traditional real estate friction. We empower buyers to acquire properties directly from real estate developers and owners, entirely bypassing conventional buyer agency fees. Instead, clients access our exclusive network via a flat connection fee of ₦55,000, which provides full subscription access to the platform for one month. To maximize buyer value, ConnectSeller Listings secures its 5% agency fee directly from the property owner or developer, successfully relieving the buyer of any secondary financial liabilities. While traditional brokerages typically levy a 5% commission on the buyer, our fee structure is shifted entirely to the seller. This disruptive model yields immediate, substantial capital savings for our clients. How It Works In contrast to standard brokerage practices---which restrict direct contact and mandate communication through intermediaries---we prioritize absolute transparency. Upon activating a monthly subscription, clients receive direct access to verified developer and property owner contact details. This monthly access entitles the prospective buyer to a maximum of five direct contacts per month. This streamlined protocol grants buyers the autonomy to: * Execute independent due diligence directly with the primary source. * Schedule and conduct physical property viewings on their own timeline. * Finalize transactions seamlessly, free from the mandatory presence or interference of a third-party broker. Why Buyers Choose Us Our clients enjoy an optimized, secure, and unencumbered purchasing journey. By eliminating the traditional broker chain, we eradicate communication bottlenecks and insulate buyers from the financial burden of extraneous commissions and hidden agency fees. About the property The headline Salem Axis, Ikate Core, Lekki, Lagos. 3-Bedroom Penthouse Footprint (Top-Tier Elevation with Dual Balconies). Zoning: High-Density Residential Yield. Title: Building Approval & Governor's Consent (Fully Executed). Price: ₦240,000,000 Outright. A structurally dominant, top-floor residential asset engineered for maximum rental premiums and complete utility isolation. Strategically positioned inside Ikate's primary high-velocity corporate rental corridor. The problem The fundamental obstacle for institutional property managers in Lagos is securing true top-tier penthouse footprints that do not carry severe structural or legal risk. Within the Salem-Ikate axis, newly constructed penthouse assets are an exceptionally scarce inventory class. Most multi-family structures in this high-demand pocket utilize standard, repetitive apartment layouts on upper floors rather than dedicated, engineered penthouses. This specific micro-pocket rarely releases unencumbered penthouse stock because institutional funds and yield-driven private syndicates aggressively capture them before roof completion. They understand that vertical elevation within Ikate captures the high-paying corporate tenant demographic fleeing the exorbitant cost structures of neighboring Victoria Island and Ikoyi, making under-market penthouse units a rapidly disappearing opportunity. The agitation A granular review of the Salem grid via Google Maps Satellite and Traffic views exposes severe operational liabilities across poorly positioned properties in the same sub-market. Assets buried deeper in unregulated micro-streets or on low-lying terrain face acute seasonal water accumulation and up to 35-minute transit bottlenecks merely trying to exit onto the Lekki-Epe Expressway during morning peak hours. The financial indices highlight a stark market mispricing. According to Nigeria Property Centre (NPC) regional data and off-market tracking, generic 3-bedroom penthouses along primary Ikate commercial lines like Kusenla Road or within less accessible sectors are currently trading between ₦270,000,000 and ₦290,000,000. Yet, many of these higher-priced options lack independent hybrid energy systems or verified, stamped state building permits. Priced precisely at ₦240,000,000, this Salem asset represents a highly calculated entry point under the current market ceiling. Because it sits on a strategically accessible micro-pocket with rapid arterial egress and alternative lane bypasses, it minimizes commute friction for high-stakes corporate professionals. This ₦240M pricing window is narrow; as mainland professionals continue to aggressively migrate to the island core, assets carrying this clean utility architecture will see rapid upward capital value corrections. The solution 1. The Micro-Location Analytics The property is strategically positioned within the immediate catchment zone of the Salem artery, providing swift proximity linkages to the primary business engines of Victoria Island and Lekki Phase 1. Google Maps analysis indicates a 5-minute radius to multinational corporate offices, tier-1 medical hubs, elite private beach clubs, and prominent lifestyle complexes. This street-level micro-location means your asset does not compete with abstract Lagos listings; it competes directly with the immediate neighborhood establishments. This close proximity ensures a non-cyclical, high-velocity corporate tenant stream that prioritizes minimal commute times. 2. The Development / Spatial Footprint The penthouse internal layout is rationally engineered to optimize vertical space and deliver premium residential metrics. The footprint features completely en-suite bedrooms and a sophisticated open & enclosed dual-kitchen configuration, balancing high-end aesthetic appeal with real functional utility. The structural floor plan integrates two expansive, private balconies that maximize natural light filtration, maximize cross-ventilation, and deliver superior geographic lines of sight. Vertical logistics are handled by a dedicated elevator system, ensuring instant floor-to-floor transit times, while the property layout allocates ample parking space to eliminate parking friction. 3. The Zoning / Layout Multiplier Zoned explicitly for high-density residential use with all master-plan and building approvals fully executed, this penthouse functions as a pure capital multiplier. The development cuts down standard property management friction through an integrated utility layout:

  • Central Cooling Gas Plant: Removes the structural and fire hazards of individual gas cylinders, standardizing building safety profiles and dropping insurance overheads.
  • Top-Floor Layout Premium: Captures the absolute highest rental tier or short-let premium values within the building footprint, driving projected gross development value up by an estimated 20% over standard units below.

4. The Legal Title Architecture The legal framework of this asset is completely transparent and ready for rapid institutional closing. The title architecture is anchored by a fully executed Governor's Consent alongside a valid, stamped Building Approval. The title chain is clean, digitized, and terminates directly at the Lagos State Government, free from any community encumbrances, physical planning violations, or third-party court caveats. The complete conveyance instruments are organized and fully ready for immediate, comprehensive solicitor due diligence review. 5. The Urban Engineering & Flood Profile This asset is completely insulated from external municipal grid failure via a heavy-duty, off-grid infrastructure matrix engineered to crush operating costs (OpEx):

  • Energy Autonomy: Supported by a dedicated transformer ensuring line stability, backed up by an industrial-grade hybrid inverter and solar panel system to completely isolate the asset from diesel price shocks.
  • Hydrological Excellence: Positioned on an elevated micro-pocket featuring an industrial-grade reverse osmosis water treatment plant delivering clean, drinkable water. The site utilizes cast-concrete internal drainage networks that interface directly with primary municipal runoff channels, ensuring absolute immunity to flash floods.

ConnectSeller Listings does not list properties in flood-prone zones or unengineered layouts. This asset was rigorously vetted against strict civil engineering, terrain elevation, and hydrological standards before listing approval.

Features and amenities

Interior & Finishing

Fitted kitchen Air conditioning POP ceiling Built-in wardrobes En-suite bedrooms Tiled floors Water heater Guest toilet Family lounge Walk-in closet

Power & Utilities

24/7 power supply Prepaid meter Standby generator Solar power Inverter Borehole Treated water High-speed internet / WiFi

Security & Safety

Security gate Perimeter fencing Electric fence CCTV surveillance Security / gateman Intercom Fire safety

Outdoor & Communal

Swimming pool Boys' quarters (BQ) Balcony Elevator Gym

Property details

Reference ID #375-804-5
Listed by Connectseller Listings Limited
Property type Flat / Apartment
Listing status Flat / apartment for sale
Bedrooms 3
Bathrooms 3
Toilets 4

Area guide — Lekki

Lagos

Interesting Facts

Because of its proximity to popular destinations and attractions in Lagos, Ikate is a very interesting neighbourhood. It is also a popular destination for celebrities and businesses.

Leisure and Shopping

Ikate has just the right number and variety of markets and malls to make your shopping experience as easy and enjoyable as possible. Lekki Arts and Crafts Market, Pearl Market, The Lennox Mall, Blenco African Market, Ite...

Popular Estates

There are numerous good estates in Ikate to choose from, all of which offer its residents a peaceful living environment. Brown State Lekki Estate, Abiola Court 6 Estate, Richmond Gate Estate, SpringVille Estate, Horizon...

Day Life

Despite being primarily a residential neighbourhood, Ikate has a good number of recreational and entertainment options. Leisure sports park, Kos Lagos, Family affairs plaza, Bambooka, Komfort Wellness Place, Hungrybelly...

Read the full area guide for Lekki, 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 Connectseller Listings Limited. 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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