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DIRECT BRIEF FOR SALE -- LEKKI PHASE 1
Luxury Block of 8 Units of 3 Bedroom Apartments
A solid income yielding investment in the heart of Lekki Phase 1. This premium residential block sits on approximately 1,400sqm and is currently occupied by a single corporate tenant, providing stable dollar denominated rental income.
Location: Lekki Phase 1
Price: ₦3.75 Billion
Tenancy: Single corporate tenant (till end of the year)
Current Rent: Approx. $150,000 per annum
Property Overview
Purpose built for high end corporate residential use, this asset is fully equipped with robust infrastructure and modern services, making it a turnkey investment with minimal operational exposure.
Installed Fixtures & Facilities
- 8 units of luxury 3 bedroom apartments
- 49 air conditioning units (2HP & 1.5HP)
- 8 units of 10kg Kelvinator washing machine and dryer
- 8 Samsung side by side refrigerators
- 8 microwave ovens
- 8 units of 6 burner gas cookers with ovens
- Water heaters in all rooms
- Centralized TV dish system
- CCTV camera system
- 100kVA standby generator
- Reverse osmosis water treatment plant
- Dedicated 200kVA transformer
- Video access control system
This is an ideal acquisition for investors seeking immediate cash flow, strong tenant security, and long term capital appreciation within one of Lagos's most established residential corridors.
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| Property Ref: 3312495 | Added On: 26 Jan 2026 | Last Updated: 26 Jan 2026 |
| Market Status: Available | Type: Flat / Apartment | Bedrooms: 3 |
| Total Area: 1,400 sqm | Servicing: Serviced |
Who'd have guessed that Lekki Phase 1, one of Lagos' most luxurious neighbourhoods, was formerly a slum?
There are several types of shopping malls in Lekki Phase 1 if you want to go shopping. Restaurants, game centres, retail boutiques, cinemas, and other amenities are available at some malls.
Lekki Phase 1 is a prime location for luxury estates because it is a well-planned residential government scheme. There are a number of private estates within its walls. Almost all of them are gated to ensure the safety of their occupants.
Due to Lekki's affluent residents, the area has a lot of social hotspots. Weekends are usually jam-packed with visitors from all over who want to unwind after a long week at work. If you're looking to have a great time in Lekki Phase 1, you're definitely covered.
Do you want to chill with the ‘Lekki Big Boys & Girls’? Then go nighttime exploring in Lekki Phase 1. Lagos is known as the city that never sleeps, and the residents of Lekki understand the assignment. They are always willing to show up at the local bars and clubs.
Aside from entertainment and recreation, Lekki Phase 1 provides quality education to its residents. It is home to some of Lagos State's most prestigious schools.
Read the full area guide for Lekki Phase 1, Lekki, Lagos.
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