Nigeria Property Centre
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Flat / apartment for sale

3 Bedroom Penthouse

Freedom Way, Lekki Phase 1, Lekki, Lagos
₦360,000,000
#371-112-5 5 Oct 2026
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3 Bedrooms
3 Bathrooms
4 Toilets
Flat / Apartment Property type

About this property

The headline Off Freedom Way Corridor, Lekki Phase 1. Mixed-Use / High-Density Premium Residential. Deed of Assignment with Fully Registered Governor's Consent. ₦360,000,000 Total (Fixed Asset Valuation). A vertically optimized, automated cash-flow asset capturing the immediate executive tenancy overflow from the multi-national commercial nodes of Victoria Island and Ikoyi. The problem The top-tier residential sector of Lekki Phase 1 is locked in a structural inventory squeeze. The specific category of asset that institutional funds scramble for---fully completed, top-floor penthouses with sweeping skyline views---suffers from an acute supply deficit. Most properties marketed along Freedom Way are generic, mid-tier multi-family blocks that fail to meet the stringent security and automation requirements of C-suite expatriates and high-net-worth operators. Primary developers rarely release true penthouse units to the open market. When they do, these assets are quietly acquired pre-construction by private wealth networks who hold them for generational yield. This listing represents a rare breach in that closed network. It introduces a brand-new, unencumbered penthouse layout directly into the open market, positioned precisely where the commercial expansion of Lekki Phase 1 terminates at the gate of the regional logistics network. The agitation To understand the precise financial leverage of this ₦360,000,000 asset, it must be cross-referenced against real-time data from the Nigeria Property Centre (NPC) and current offline transactions. Generic, mid-floor 3-bedroom units deeper inside Lekki Phase 1---often located on choked secondary streets like Fola Osibo or Omorinre Johnson---are currently trading at an average of ₦380,000,000 to ₦420,000,000. Yet, those landlocked assets lack dedicated elevators, have zero perimeter security redundancy, and subject occupants to a minimum 30-minute peak-hour commute just to exit onto Admiralty Way. Conversely, speculative off-plan penthouses located in uncompleted towers deeper down the Lekki axis are commanding up to ₦450,000,000, forcing investors to absorb severe development timeline risks and capital lockup. At ₦360,000,000 for a completed, 315 sqm total built footprint, this asset evaluates at an efficient ₦1,142,857 per square meter. It matches the entry price of an ordinary apartment while delivering the yield multiplier of a premium penthouse. The positioning eliminates the standard Lekki Phase 1 exit bottleneck by sitting right at the arterial head of Freedom Way. As corporate offices migrate from central Victoria Island to this specific micro-pocket, assets lacking automated infrastructure and modern vertical transport will face permanent yield compression. The window to secure a completed, automated penthouse under ₦400,000,000 in this precise tier is rapidly closing. The solution 1. The Micro-Location Analytics A satellite view of this address reveals immediate, high-value proximity linkages. The property sits within a 3-minute drive of the Lekki-Ikoyi Link Bridge, allowing instantaneous transit to Ikoyi's diplomatic quarter, and borders the corporate headquarters flanking the regional commercial zones. This specific street functions as a high-security buffer zone. It sits completely separate from the chaotic retail traffic of central Lekki, while processing high-value corporate vehicular movement daily. Your asset does not compete with the broader, unrated Lekki real estate market; its value is intrinsically benchmarked against the elite serviced towers standing directly adjacent. 2. The Development / Spatial Footprint The 315 sqm penthouse floor plan has been engineered for maximum vertical privacy and spatial utility. As a top-floor unit, it is completely insulated from lower-level multi-family foot traffic. The layout features all en-suite bedrooms, a dedicated concierge service station, an expansive balcony array, and an integrated central gas system. The structural footprint permits seamless multi-income optimization: it is designed to instantly clear the rigorous vetting processes of international oil companies and diplomatic missions requiring secure executive lodging, or to serve as a high-occupancy corporate short-let asset commanding premium daily rates. 3. The Zoning/Layout Multiplier The asset operates under a high-density residential zoning profile that enables immediate integration of smart-home operational technology. The unit is pre-wired with an active home automation mesh network integrated with Alexa systems, featuring automated spot lighting, sensory bathroom lighting arrays, and centralized climate controls. This technical layout acts as a direct financial multiplier; automated properties in this micro-pocket command a documented 35% rental premium over non-automated assets due to the low-overhead management profile preferred by corporate tenants. 4. The Legal Title Architecture The legal framework supporting this transaction is pristine and optimized for immediate corporate equity assignment. The property is covered by a fully executed Governor's Consent, representing the absolute apex of legal title validation under the Land Use Act. The title chain originates from an unencumbered global allocation and terminates cleanly at the Lagos State Government, free of any probate disputes, hidden liens, or community claims (Omo-Onile). The standard conveyance instruments---including the Deed of Assignment and approved survey plan---are fully registered at the Lands Registry in Alausa. The entire legal file is compiled and open for immediate, rigorous solicitor review. 5. The Urban Engineering & Flood Profile From an infrastructure standpoint, this asset is built to strict engineering margins. A topographical terrain analysis confirms that this specific micro-pocket sits on a heavily sand-filled, elevated plane with concrete-paved road networks draining directly into primary municipal storm channels. The perimeter is protected by a secure gatehouse, a continuous electric fence, perimeter fencing, and 24/7 CCTV surveillance paired with uniformed guards. The utility footprint is built for total autonomy: an industrial borehole coupled with an advanced on-site water treatment plant delivers pressurized potable water to all internal water heaters and fittings. Power is fully continuous, driven by a dedicated prepaid meter and backed by a heavy-duty central generator system providing uncompromised 24-hour electricity to the elevator, gymnasium, swimming pool, and automated units. Corporate Guarantee: Our firm operates on a strict technical listing policy. We do not represent or inventory properties located within flood-vulnerable, structurally suspect, or legally compromised micro-pockets. This asset was subjected to a full engineering and environmental audit before being approved for market entry.

Features and amenities

Interior & Finishing

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

Power & Utilities

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

Security & Safety

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

Outdoor & Communal

Landscaped garden Boys' quarters (BQ) Balcony Outdoor lighting Elevator Rooftop terrace

Property details

Reference ID #371-112-5
Listed by Smilebay Realties Limited
Property type Flat / Apartment
Listing status Flat / apartment for sale
Bedrooms 3
Bathrooms 3
Toilets 4

Area guide — Lekki

Lagos

Interesting Facts

Who'd have guessed that Lekki Phase 1, one of Lagos' most luxurious neighbourhoods, was formerly a slum? 

Leisure and Shopping

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.

Popular Estates

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 o...

Day Life

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 i...

Night Life

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 alway...

Schools

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, 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 Smilebay Realties 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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