Commercial Land in GRA, Lekki Phase 1, Lekki, Lagos

529 sqm land with structure -- off admiralty way, lekki phase 1 prime location c of o title ₦900 million ₦1,701,323 per sqm --- 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: 529 sqm. - current improvements: structure on site (can be renovated, leased, or demolished for redevelopment). - title: certificate of occupancy (c of o) -- the highest form of title security in nigeria. - asking price: ₦900,000,000. - price per sqm: ₦1,701,323. - status: land with existing structure -- immediate income potential or redevelopment opportunity. --- 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. - existing structure adds value: the structure on land offers immediate utility -- rental income during planning, caretaker accommodation, or potential renovation for quick occupancy. - flexible options: renovate and hold for income, or demolish and build a new flagship development. - quiet yet connected: being "off admiralty way" ensures tranquility and privacy while maintaining easy access to the main artery and all its conveniences. --- ️ development potential 529 sqm in this location offers multiple pathways: option a: renovate & hold - upgrade existing structure for premium rental income while land appreciates. - ideal for investors seeking immediate cash flow. option b: demolish & rebuild - construct a luxury detached villa with pool and gardens. - build twin duplexes -- live in one, rent or sell the other. - develop a boutique apartment block (6--8 luxury flats). option c: phased approach - renovate and lease the existing structure while designing and securing approvals for a new build. --- market context metric value land size 529 sqm total price ₦900,000,000 price per sqm ₦1,701,323 market range (lekki ph1) ₦950,000--₦1.5m/sqm (bare land) structure premium reflects existing building value title status c of o - per sqm benchmark: at ₦1.701m/sqm, this price reflects both the prime location and the value of the existing structure. bare land in this micro-location typically ranges from ₦1.1m--₦1.5m/sqm. - structure value: the ₦350m--₦400m premium over bare land comparables represents the value of the existing building -- offering immediate utility and income potential. - title premium: c of o provides maximum security and bankability -- a significant advantage. --- ideal for: investors seeking immediate rental income with long-term appreciation; developers wanting a prime lekki phase 1 plot with existing structure to offset holding costs; homebuyers looking to renovate and occupy in a prestigious location. a versatile 529 sqm c of o property off admiralty way -- with existing structure offering immediate optio...

*for sale at admiralty way* prime bare land -- admiralty way, lekki phase 1 *land size: 2,000m²* *price: n2.7m/m²* perfect for commercial development with high visibility. gra op...

*commercial waterfront land for lease* *description:* waterfront 500sqm bare land, directly overlooking ikoyi link bridge. suitable for any luxury commercial use. *location:* wole olateju street off admiralty way, lekki phase 1, lagos. *rent:* ₦40m per annum tenure: 5yrs minimum awdgr...

To let ! 1,200sqm of land with a 4 room office suitable for commercial use. n20m 2 years upfront ........................................................................ for more enquiries and inspections, please call us on 09098586908 08090876670 follow us on instagram on rosemond hills properties facebook rosemond hills limi...