Residential land for sale
Directly On Admiralty Way, Lekki Phase 1, Lagos., Lekki Phase 1, Lekki, Lagos
Prime commercial/residential property for sale -- directly on admiralty way, lekki phase 1, lagos
3,167 sqm existing 8 units of 3โbed luxury apartments c of o title โฆ2.2m per sqm total: โ โฆ6.967 billion
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property overview
- location: directly on admiralty way, lekki phase 1, lagos.
- land size: 3,167 sqm.
- existing structure: 8 units of luxury 3โbedroom apartments.
- title: certificate of occupancy (c of o).
- price per sqm: โฆ2,200,000.
- total asking price: โ โฆ6,967,400,000.
- status: prime mixedโuse property with immediate rental income and significant redevelopment potential.
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key highlights
- unbeatable admiralty way frontage: one of lekki phase 1's busiest and most prestigious commercial/residential arteries -- maximum visibility and accessibility.
- incomeโgenerating asset: the existing 8 luxury apartments provide immediate cash flow while you plan future redevelopment or hold as an investment.
- strong c of o title: full governmentโissued title -- secure ownership, easy transfer, and bankable.
- large development parcel: 3,167 sqm offers substantial scale -- ideal for a future highโrise, mixedโuse, or luxury estate redevelopment.
- premium pricing justified: at โฆ2.2m per sqm, this reflects the scarcity and value of large, titled land directly on admiralty way.
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๏ธ development & usage potential
- option 1 -- hold & rent: collect income from the 8 existing 3โbed luxury apartments.
- option 2 -- renovate & upgrade: modernise the existing structure and increase rental value.
- option 3 -- redevelop: demolish and build a landmark development -- e.g., luxury apartment tower, hotel, corporate headquarters, or mixedโuse complex.
- option 4 -- phased development: develop part of the land while retaining the existing building for rental income.
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location benefits -- admiralty way, lekki phase 1
- central business & lifestyle hub: surrounded by banks, restaurants, hotels (eko, four points), retail outlets, and corporate offices.
- excellent connectivity: quick access to ikoyi, victoria island, and the lekkiโepe expressway.
- high traffic & visibility: ideal for commercial branding and highโoccupancy residential.
- secure & prestigious: one of lagos's most desirable addresses.
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investment value
- price per sqm: โฆ2.2 million.
- total value: โ โฆ6.97 billion.
- income potential: the 8 existing apartments generate immediate rental income -- cap rate to be calculated based on current market rents.
- redevelopment upside: land value alone is exceptional; developing a highโrise could multiply returns.
- scarcity premium: large, titled plots directly on admiralty way are increasingly rare.
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sale opportunity
a rare chance to acquire a large, titled property directly on admiralty way, complete with existing rental income. perfect for an investor, developer, or institution seeking a prime lekki phase 1 asset.
ideal for:
- real estate investment funds (hold for income and appreciation).
- developers (redevelopment into a landmark tower).
- corporate organisations (flagship headquarters).
- highโnetโworth individuals (legacy asset).
admiralty way frontage + c of o + 3,167 sqm + 8 luxury apartments -- a compelling opportunity.
serious inquiries on...
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₦6,967,400,000
Ac Valour International
08036503218