525 Sqm Off Admiralty Way, Lekki Phase 1,
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Property Description
525 SQM LAND WITH C OF O -- OFF ADMIRALTY WAY, LEKKI PHASE 1
Prime Location Perfected Title ₦550 Million ₦1,047,619 per SQM
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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: 525 SQM.
- Title: Certificate of Occupancy (C of O) -- the highest form of title security in Nigeria.
- Asking Price: ₦550,000,000.
- Price per SQM: ₦1,047,619.
- Status: Bare land, ready for immediate development.
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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.
- Excellent Development Scale: 525 SQM offers ideal proportions for a spacious detached home or boutique residential development.
- Quiet yet Connected: Being "off Admiralty Way" ensures tranquility and privacy while maintaining easy access to the main artery and all its conveniences.
- Immediate Development: Bare land means no demolition costs -- construction can commence upon acquisition.
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️ Development Potential
525 SQM in this location is ideal for:
- Luxury Detached Villa: Elegant family home with courtyard, garden, and parking.
- Twin Duplexes: Two high-end units -- live in one, rent or sell the other.
- Boutique Apartment Block: 6--8 luxury flats targeting professionals and small families.
- Corporate Guest House: Executive accommodation in a prime Lekki location.
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Market Context
Metric Value
Land Size 525 SQM
Total Price ₦550,000,000
Price per SQM ₦1,047,619
Market Range (Lekki Ph1) ₦950,000--₦1.5M/SQM
Title Status C of O
- Per SQM Benchmark: At ₦1.047M/SQM, this is competitively positioned within Lekki Phase 1's current land market, where C of O--titled plots typically range from ₦950,000--₦1.5M/SQM depending on exact location and proximity to Admiralty Way.
- Title Premium: C of O commands a significant premium over lesser titles -- offering peace of mind and immediate bankability.
- Location Advantage: "Off Admiralty Way" balances accessibility with residential tranquility -- a highly desirable combination.
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Ideal For: Homebuilders seeking a titled plot in Lekki Phase 1's most desirable corridor; developers targeting the luxury residential market; investors wanting a bankable asset with strong appreciation potential.
A prime 525 SQM C of O parcel off Admiralty Way, Lekki Phase 1 -- priced competitively and ready for development.
Property Details
| Property Ref: 3365820 | Added On: 01 Mar 2026 | Last Updated: 01 Mar 2026 |
| Market Status: Available | Type: Mixed-use 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.
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Disclaimer
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