Residential land for sale
Residential land for sale
1,150 SQM C of O Title
About this property
Developer's Delight: Prime Land For Sale in Lekki Phase 1 (Right Hand Side), Just by U3 Estate 1,150 SQM C of O Title ₦1.6 Billion Net (No Negotiations) ≈ ₦1,391,304 per SQM Property Overview
- Location: Lekki Phase 1 (Right Hand Side), just by U3 Estate, Lagos.
- Land Size: 1,150 SQM.
- Title: Certificate of Occupancy (C of O).
- Asking Price: ₦1,600,000,000 (Net -- No Negotiations).
- Price per SQM: ≈ ₦1,391,304.
- Status: Located in a built-up close with a temporary structure on the land (ready for demolition/redevelopment).
Key Highlights
- Prime Lekki Phase 1 (RHS) Address: The Right Hand Side is one of Lagos's most prestigious and exclusive residential corridors, known for high-value homes, excellent infrastructure, and proximity to the lagoon.
- Developer's Delight: A 1,150 SQM plot is an ideal size for a substantial luxury development -- whether a sprawling private mansion, a block of premium flats, or a gated cluster of terraces.
- Built-Up Close: Situated in an already developed, secure neighbourhood, ensuring immediate integration into a high-value community.
- Strong C of O Title: Full government-issued Certificate of Occupancy provides absolute legal security, bankability, and smooth transfer.
- Temporary Structure: The existing temporary structure on the land presents an easy demolition opportunity to create a clean slate for a custom architectural masterpiece.
- Firm, Transparent Pricing: Priced at ₦1.6 Billion Net with no negotiations -- a clear, no-nonsense transaction for a serious buyer.
Development Potential
- Luxury Detached Villa: A custom-designed mansion with a pool, garden, and BQ.
- Boutique Apartment Block: A mid-rise building of 2- and 3-bedroom luxury flats.
- Terrace Duplexes: A gated cluster of 4--6 high-spec terrace homes.
- Corporate Guest House: An executive retreat or high-end rental property.
Location Benefits -- Lekki Phase 1 (RHS)
- Prestige & Exclusivity: Low-density, well-paved streets, and 24/7 security presence.
- Proximity to Key Areas: Minutes from Admiralty Way, Freedom Way, Victoria Island, and Ikoyi.
- Excellent Amenities: Close to top schools, hospitals, shopping centres (Novare Mall, etc.), restaurants, and leisure spots.
- High Demand Area: Consistent demand from high-net-worth tenants and buyers ensures strong rental yields and capital appreciation.
Investment Value
- Asking Price: ₦1.6 Billion Net.
- Price per SQM: ≈ ₦1.39 Million.
- Market Context: For a titled plot in a built-up close in Lekki Phase 1 RHS, this is a highly competitive price point. The "Net" and "No Negotiation" tag signals a seller who is serious and has priced the asset for a swift, clean close.
- Upside Potential: Build and hold for appreciation, or develop for premium resale/rental income.
- Urgency: Advertised as "Hurry Now As Offers Last" -- indicating strong interest expected, and a rapid transaction is desired.
Sale Opportunity A rare opportunity to acquire a sizeable, well-located, and fully titled land parcel in the heart of Lekki Phase 1. Ideal for a developer or high-net-worth individual ready to build in a premium location. Ideal For:
- Luxury Home Builders
- Real Estate Developers
- High-Net-Worth Individuals
- Corporate Investors
Next Steps:
- Site Inspection (view the plot and neighbourhood).
- Title Verification (C of O at the Lagos State Lands Bureau).
- Proof of Funds & Immediate Closing (due to firm pricing and urgency).
Lekki Phase 1 RHS + 1,150 SQM + C of O + ₦1.6B Net -- a firm, transparent, and highly strategic investment. Serious, ready buyers only -- no negotiations.
Estate facilities
Security & Safety
Outdoor & Communal
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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Disclaimer
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