Admiralty Way, Lekki Phase 1, Lekki, Lagos
₦8,000,000,000
| Property Ref: 3076556 | Added On: 05 Sep 2025 | Last Updated: 06 Sep 2025 |
| Market Status: Available | Type: Land | Total Area: 4,000 sqm |
FOR SALE
Prime Waterfront Corner Parcel Admiralty Way, Lekki Phase 1
Note: Images are for illustration purposes
BRIEF: SEMI MANDATE
Quick overview
- Asset: Bareland, corner parcel with waterfront frontage (Lagos Lagoon)
- Size: 4,000 sqm
- Location: Admiralty Way, Lekki Phase 1 --- highly sought-after, premium residential/commercial corridor
- Title: State Certificate of Occupancy (C of O) --- ready for transfer (documents to be provided)
- Condition: Fenced site, immediate development availability
- Asking price: 8,000,000,000 (Eight Billion Naira) --- asking price works out to 2,000,000 per sqm
- Sale type: Freehold sale; serious buyers only --- viewings by appointment
Property summary
Rare waterfront corner plot on Admiralty Way, Lekki Phase 1 --- an exceptional acquisition for developers or investors seeking a trophy landholding in one of Lagos' most prestigious addresses. This fully fenced 4,000 sqm parcel commands direct lagoon exposure and strong road frontage, offering unrivalled opportunities for a bespoke residential estate, boutique apartments, mixeduse signature development or a luxury hospitality concept. With an immediate development pathway and C of O in place, this site represents a fast-to-market strategic landbank with significant capital upside.
Key selling points
- Prime frontage: corner plot with landmark visibility and direct lagoon/waterfront access --- high premium for exclusive product.
- Location advantage: Admiralty Way, Lekki Phase 1 --- strong demand from HNWIs, expatriates and premium renters; excellent connectivity to Victoria Island and Lekki business districts.
- Development-ready: fenced and secure site; C of O accelerates transaction and title transfer.
- Flexible product potential: supports low-density luxury villas, boutique mid-rise apartments, a mixed-use podium/tower, or a signature hotel/serviced-apartment scheme.
- Scarcity value: limited availability of comparable waterfront parcels within Lekki Phase 1 --- strong long-term capital appreciation.
Development concepts (illustrative --- subject to planning approvals)
Option A --- Ultraluxury Villa Estate (low density, high exclusivity)
- Concept: 6--8 detached luxury waterfront villas (500--650 sqm plot coverage each) with private moorings, landscaped gardens and private pools.
- Appeal: trophy homes for ultrahighnetworth buyers or embassy/private family ownership.
- Commercial rationale: highest perunit price; strong exclusivity premium.
Option B --- Boutique MidRise Apartments (best balance of GDV & marketability)
- Concept: 4--6 storey boutique blocks arranged to maximise waterfront views; central landscaped amenity spine and private jetty.
- Indicative GFA range: conservatively 1.5--3.0x site area (6,000--12,000 sqm) depending on FAR/consent.
- Unit mix (example): 1bed (10--15), 2bed (20--30), 3bed (8--12), 4bed penthouses/duplexes (4--6). Estimated unit count ~40--70.
- Amenities: lagoonfront pool, gym, residents' lounge, concierge, basement parking.
Option C --- Highend MixedUse Signature Scheme (maximise GDV)
- Concept: podium retail / F&B along Admiralty Way with 8--12 storey residential tower(s) above featuring sky penthouses and premium facilities.
- Appeal: generates both retail income and high-density residential GDV where planning allows (subject to height/FAR permissions).
- Amenities: boutique retail, rooftop terraces, spa, private marina/jetty.
Indicative value scenarios (illustrative only --- local market appraisal required)
- Asking price per sqm = 2,000,000 (asking basis).
- Development GDV examples (illustrative):
- Boutique apartment scheme (net saleable 8,000 sqm) indicative sales rate (market dependent) = GDV range --- to be modelled by QS/market valuer.
- Note: final GDV depends on approved GFA, product specification, timing and market conditions. We strongly recommend a detailed feasibility (architect + QS + market survey) before offer.
Planning, technical & statutory considerations
- Confirm permissible FAR, maximum height and coastal setbacks with Lagos State and the local planning authority (coastal/lagoon setbacks may apply).
- Shoreline/coastal engineering: shoreline protection, erosion mitigation and jetty/berthing consent may be required; engage coastal engineers early.
- Flood risk & drainage: lagoonfront sites require flood risk assessment and resilient design (raised podiums, stormwater management).
- Utilities: confirm external power, water and sewer connections and any reinforcement requirements.
- Parking: market expectation for premium residential --- 1.5--2.0 spaces/unit; basement or podium parking should be considered in cost plan.
- Environmental: EIA or environmental assessment may be required depending on scope and regulatory triggers.
Market positioning & target buyers
- Primary targets: highnetworth local buyers, developer JV partners, boutique hotel operators, private family offices and regional/international investors.
- Sales strategy: phased release, pre-sales of show units/penthouses, targeted HNW investor marketing, private viewings, and high-end PR/press placements.
Transaction structures & commercial considerations
- Preferred structures: outright purchase, land-for-equity JV, phased parcel sales or forward sale to a developer.
- Negotiable terms: conditional deposits, staged payments, exclusivity periods and due diligence windows for serious offers.
- Security for buyer: request full plot dossier (C of O, survey plan, fence/pegging evidence) and consider escrow/trust account arrangements on deposit.
Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
*How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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