Prime Ikoyi Property ï¸
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Property Description
️ FOR SALE -- PRIME IKOYI PROPERTY ️
Bare Land on Bourdillon Road, Ikoyi, Lagos
Rare opportunity to acquire prime bare land directly on Bourdillon Road, one of Ikoyi's most prestigious and highest-value corridors.
Available Options:
1,000 SQM -- Federal Government C of O
2,000 SQM -- Federal Government C of O
Price:
₦3.5 Million per SQM
Location:
Bourdillon Road, Ikoyi
Post-Development ROI Projection (Indicative)
Development Use Options
Luxury residential apartments
Serviced apartments / shortlet building
High-end mixed-use or corporate development
Market Benchmarks (Bourdillon / Old Ikoyi Axis)
Luxury apartment sale price: ₦2.2B -- ₦3.5B per unit (depending on size & finishing)
Serviced apartment rental yield: ₦120m -- ₦250m per annum per unit
High-end office/commercial rents: Premium annual returns with strong tenant demand
ROI Outlook
Development ROI: Estimated 30% -- 55% post-completion
Capital Appreciation (Land): 10% -- 15% annually even without development
Exit Window: 24 -- 36 months ideal for development, faster for land resale
Example -- 1,000 SQM (Residential Development)
Land Cost: ₦3.5B
Development & Construction: Market-driven
Projected GDV: ₦6.5B -- ₦8.5B
Potential Gross Margin: ₦2B -- ₦5B+ (subject to design & market positioning)
Example -- 2,000 SQM (Luxury / Mixed-Use)
Projected GDV: ₦13B -- ₦18B+
Higher density allows stronger economies of scale and returns
Why Bourdillon Road?
️ Blue-chip Ikoyi address
️ Consistent demand from diplomats, expatriates & corporates
️ Low vacancy and strong resale liquidity
️ Bankable Federal C of O title
Serious Enquiries Only
08034694258
Property Details
| Property Ref: 3274469 | Added On: 02 Jan 2026 | Last Updated: 02 Jan 2026 |
| Market Status: Available | Type: Land | Total Area: 3,000 sqm |
Interesting Facts
You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria?
Leisure and Shopping
Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.
Popular Estates
If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.
Day Life
You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi.
Night Life
Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs.
Schools
Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success.
Read the full area guide for Ikoyi, Lagos.
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Disclaimer
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14 Gbenga Adeleke Street Destiny Homes, Abijo, Lagos, Lagos, Nigeria
0803 XXXX Show Phone
08034694258
+2348034694258
Registered 7 months ago
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