Prime Land with Existing Structure

Prime Property With Existing Structure For Sale on Kingsley Emu Street, Main Lekki Phase 1, Lagos. 1,031 SQM (Actual Size) Existing Structure On-Site ₦2 Billion ≈ ₦1.94 Million per SQM Property Overview

• Location: Kingsley Emu Street, Main Lekki Phase 1, Lagos.
• Land Size: 1,031 SQM (Actual size).
• Status: Property with an existing structure on the land (ready for renovation, expansion, or demolition/redevelopment).
• Asking Price: ₦2,000,000,000 (₦2 Billion).
• Price per SQM: ≈ ₦1,939,864.
• Title: To be verified (C of O / Governor's Consent expected).

Key Highlights

• Main Lekki Phase 1 Address: Kingsley Emu Street is a highly prestigious and serene residential street in the core of Lekki Phase 1, known for its high-value homes and excellent neighborhood.
• Massive Development Footprint: Now confirmed at 1,031 SQM, this is an exceptionally large parcel of land for the area. The size provides immense flexibility and scale for a luxury development.
• Improved Value Proposition: With the actual size confirmed at 1,031 SQM, the price per SQM drops to approximately ₦1.94 Million, making this an incredibly competitive and attractive price point for a prime Lekki Phase 1 property.
• Redevelopment Potential: The existing structure provides immediate utility (e.g., rental income while you plan) or can be demolished to create a clean slate for a brand-new, custom architectural masterpiece.
• High Rental & Resale Demand: Properties in this specific micro-market consistently attract high-net-worth tenants and buyers, ensuring strong capital appreciation and roi.

Development Potential

• Luxury Detached Mansion: Demolish and build a sprawling 5- or 6-bedroom smart home with a pool, garden, and BQ.
• Boutique Apartment Block: Develop a mid-rise building with premium 2- and 3-bedroom flats (subject to density regulations).
• Terrace Duplexes: Build a gated cluster of high-spec terrace homes.
• Renovation Play: Upgrade the existing structure to premium standards and rent or sell for a high yield.

Location Benefits -- Main Lekki Phase 1

• Prestige & Privacy: A quiet, tree-lined street with 24/7 security presence, offering a serene environment away from the main road noise.
• Central Connectivity: Minutes from Admiralty Way, Freedom Way, Victoria Island, and Ikoyi.
• Proximity to Amenities: Close to top schools, hospitals, shopping centres, restaurants, and leisure spots.
• High Appreciation: Land and property values in Main Lekki Phase 1 remain highly resilient due to limited supply and unwavering demand.

Sale Opportunity A highly strategic opportunity to acquire a sizable property in a premium, core Lekki Phase 1 location. Ideal for a discerning homeowner looking to build a legacy home or a developer seeking a high-yield redevelopment project. Ideal For:

• High-Net-Worth Individuals & Families.
• Real Estate Developers.
• Investors seeking premium land value.

Next Steps:

• Private Site Inspection (to assess the existing structure and confirm boundaries).
• Title Verification (at the Lagos State Lands Bureau).
• Proof of Funds.
• Purchase Negotiation & Immediate Closing.

Kingsley Emu Street, Main Lekki Phase 1 + 1,031 SQM + Existing Structure + ₦2B (≈₦1.94M/SQM) -- a prime redevelopment or legacy asset. Serious inquiries only.