Strategic Waterfront Land
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Property Description
FOR SALE -- STRATEGIC WATERFRONT LAND ON ADMIRALTY ROAD, LEKKI PHASE 1
Location: Fronting Admiralty Road, Lekki Phase 1
Size: 500sqm (with potential to reclaim up to 1,000sqm)
Price: ₦1.2 Billion
Contact for Viewing & Offers: 07013257514 08141169442
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PRIME WATERFRONT INVESTMENT OPPORTUNITY
This is one of the most strategic waterfront plots available in Lekki Phase 1 today --- directly facing Admiralty Road, with full visibility, high traffic, and direct water access.
The land sits in the heart of a bustling commercial and luxury residential zone, offering massive potential for both residential and commercial use.
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️ HIGHEST & BEST USE:
Luxury Apartments / High-Rise Residential
Waterfront Restaurant or Lounge
Mixed-Use Development (Retail + Residential)
Tech/Creative Hub with Waterfront Access
Exclusive Jetty or Boat Club
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INVESTMENT POTENTIAL:
Expected Rental/Lease Value (Post-Development): ₦70M -- ₦120M/year
Capital Appreciation Rate (Lekki Phase 1 Waterfront): 25% -- 35% in 2--3 years
Reclamation Potential: Expand to 1,000sqm = double the utility and value
ROR (Return on Redevelopment): 20%+ annually
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WHY THIS LAND STANDS OUT:
Direct Admiralty Road Frontage -- High commercial visibility
Waterfront Advantage -- Ideal for leisure, transport, or scenic views
High-density demand zone for luxury development and rental
Easy access to Lekki-Ikoyi Bridge, VI, Ikate, and Oniru
Limited waterfront land available in Lekki Phase 1 --- this is rare
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THIS IS A GAME-CHANGER.
Whether you're building for resale, rental income, or your private luxury legacy project, this land puts you at the centre of Lekki's most prestigious strip.
Act Fast -- Call Now:
07013257514 08141169442
This isn't just land. It's a once-in-a-generation location.
Property Details
| Property Ref: 2972829 | Added On: 12 Jul 2025 | Last Updated: 16 Jul 2025 |
| Market Status: Available | Type: Land | Total Area: 500 sqm |
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.
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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 Demilade D Agagu Consulting. 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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(nuj Building)3/5 Adeyemo Alakija Victoria Island Lagos, Lagos State, Nigeria
0814 XXXX Show Phone
07013257514
Registered 5 years ago
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