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Corner Piece Commercial Land
About this property
Prime Corner-Piece Land For Sale on Admiralty Road, Lekki Phase 1, Lagos 3,090 SQM Lagos State C of O ₦6 Billion ≈ ₦1.94 Million per SQM Property Overview
- Location: Admiralty Road, Lekki Phase 1, Lagos.
- Land Size: 3,090 SQM.
- Plot Type: Corner Piece (dual frontage/access).
- Title: Lagos State Certificate of Occupancy (C of O).
- Asking Price: ₦6,000,000,000.
- Price per SQM: ≈ ₦1,941,748.
- Status: Vacant, fully titled land, ready for a landmark development.
Key Highlights
- Massive Institutional-Scale Parcel: Over 3,000 SQM of contiguous land directly on Admiralty Road is exceptionally rare. This scale allows for a high-density, high-ROI landmark project.
- Unbeatable Admiralty Road Address: Direct frontage on Lekki Phase 1's most prominent and busiest commercial/residential artery guarantees maximum visibility, prestige, and accessibility.
- Corner-Piece Advantage: The dual road frontage offers superior architectural flexibility, better natural light, and multiple access points -- ideal for commercial or mixed-use developments.
- Strong C of O Title: Full government-issued Certificate of Occupancy guarantees absolute legal security, bankability, and a smooth transfer process.
- Competitive Pricing: At approximately ₦1.94M per SQM, this is highly attractive for a large, titled corner-piece on one of Lekki's most valuable roads.
Development Potential Given the prime location and massive scale, the land is perfectly suited for:
- Mixed-Use Complex: Ground-floor retail spaces, corporate offices, and luxury residential apartments above.
- High-Rise Apartment Towers: Premium 2-, 3-, and 4-bedroom apartments with panoramic views and extensive amenities.
- Shopping Mall / Retail Plaza: Capitalizing on the heavy traffic and surrounding affluent neighborhoods.
- Boutique Hotel / Serviced Apartments: Catering to business travelers and expatriates.
- Corporate Headquarters: A flagship building for a major company seeking prominent branding.
Location Benefits -- Admiralty Road, Lekki Phase 1
- Commercial Epicenter: Surrounded by banks, high-end restaurants, corporate offices, and luxury retail outlets.
- Excellent Connectivity: Easy access to Freedom Way, the Lekki-Ikoyi Link Bridge, Victoria Island, and Ikoyi.
- High Traffic Flow: Constant vehicular and pedestrian traffic ensures visibility and demand for any commercial or residential development.
- Premium Infrastructure: Reliable power, water, security, and well-maintained road networks.
Investment Value
- Asking Price: ₦6 Billion.
- Price per SQM: ≈ ₦1.94 Million.
- Market Context: A parcel of this size on Admiralty Road is a blue-chip asset. The pricing is competitive for a C of O property with such high commercial viability.
- Upside Potential: Develop and lease/sell at premium rates. The massive footprint allows you to create a landmark destination that will command top-tier rental yields and capital appreciation.
- Title Security: The C of O ensures a low-risk transaction and facilitates institutional financing for the development phase.
Sale Opportunity A rare opportunity to acquire a mega-parcel in the heart of Lekki Phase 1's most active corridor. Ideal for institutional developers, corporate entities, or high-net-worth investors seeking a legacy project. Ideal For:
- Commercial Real Estate Developers.
- Institutional Investors & Pension Funds.
- Hotel & Hospitality Groups.
- Corporate Organizations seeking a flagship location.
Next Steps:
- Site Inspection (to verify the corner piece and boundaries).
- Title Verification (C of O at the Lagos State Lands Bureau).
- Proof of Funds.
- Purchase Negotiation & Immediate Closing.
Admiralty Road, Lekki 1 + 3,090 SQM Corner Piece + Lagos State C of O + ₦6B -- a landmark development opportunity. Serious inquiries only.
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Property details
Area guide — Lekki
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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