529 Sqm Land With Structure
Interested in this property?
Property Description
529 SQM LAND WITH STRUCTURE -- OFF ADMIRALTY WAY, LEKKI PHASE 1
Prime Location C of O Title ₦900 Million ₦1,701,323 per SQM
---
Property Overview
- Location: Off Admiralty Way, Lekki Phase 1, Lagos -- one of the most prestigious and sought-after addresses on the Lekki Peninsula, offering proximity to major roads, schools, shops, and amenities.
- Land Size: 529 SQM.
- Current Improvements: Structure on site (can be renovated, leased, or demolished for redevelopment).
- Title: Certificate of Occupancy (C of O) -- the highest form of title security in Nigeria.
- Asking Price: ₦900,000,000.
- Price per SQM: ₦1,701,323.
- Status: Land with existing structure -- immediate income potential or redevelopment opportunity.
---
Key Highlights
- Prime Lekki Phase 1 Address: Off Admiralty Way places this property in the heart of Lekki Phase 1, surrounded by luxury homes, corporate offices, and high-end retail -- a location that commands premium value.
- Strongest Possible Title: C of O provides absolute ownership certainty -- bankable, transferable, and ready for financing.
- Existing Structure Adds Value: The structure on land offers immediate utility -- rental income during planning, caretaker accommodation, or potential renovation for quick occupancy.
- Flexible Options: Renovate and hold for income, or demolish and build a new flagship development.
- Quiet yet Connected: Being "off Admiralty Way" ensures tranquility and privacy while maintaining easy access to the main artery and all its conveniences.
---
️ Development Potential
529 SQM in this location offers multiple pathways:
Option A: Renovate & Hold
- Upgrade existing structure for premium rental income while land appreciates.
- Ideal for investors seeking immediate cash flow.
Option B: Demolish & Rebuild
- Construct a luxury detached villa with pool and gardens.
- Build twin duplexes -- live in one, rent or sell the other.
- Develop a boutique apartment block (6--8 luxury flats).
Option C: Phased Approach
- Renovate and lease the existing structure while designing and securing approvals for a new build.
---
Market Context
Metric Value
Land Size 529 SQM
Total Price ₦900,000,000
Price per SQM ₦1,701,323
Market Range (Lekki Ph1) ₦950,000--₦1.5M/SQM (bare land)
Structure Premium Reflects existing building value
Title Status C of O
- Per SQM Benchmark: At ₦1.701M/SQM, this price reflects both the prime location and the value of the existing structure. Bare land in this micro-location typically ranges from ₦1.1M--₦1.5M/SQM.
- Structure Value: The ₦350M--₦400M premium over bare land comparables represents the value of the existing building -- offering immediate utility and income potential.
- Title Premium: C of O provides maximum security and bankability -- a significant advantage.
---
Ideal For: Investors seeking immediate rental income with long-term appreciation; developers wanting a prime Lekki Phase 1 plot with existing structure to offset holding costs; homebuyers looking to renovate and occupy in a prestigious location.
A versatile 529 SQM C of O property off Admiralty Way -- with existing structure offering immediate options.
Property Details
| Property Ref: 3365840 | Added On: 01 Mar 2026 | Last Updated: 01 Mar 2026 |
| Market Status: Available | Type: Commercial Land |
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 of their occupants.
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 in Lekki Phase 1, you're definitely covered.
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 always willing to show up at the local bars and clubs.
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 Phase 1, Lekki, Lagos.
Interested in this property?
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 Ac Valour International. 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.