2-bedroom Apartment

₦176 Million.
Off Admiralty Way.
Lekki Phase 1.
Fully Fitted. Gated. Flood-Free. Documents Ready.
This Is What the Right Entry Point Looks Like.

THE PROBLEM
The Lekki Phase 1 apartment market has been moving in one direction for long enough that most serious buyers have internalised the ceiling.
You know the corridor. Off Admiralty Way, the gated estates, the established Phase 1 addresses. You know what the comparables cost. ₦260M. ₦320M. ₦330M. You know what those prices buy --- and you know what your current capital or financing structure can accommodate.
For many buyers in this market, the honest position is this: the address is right, the corridor is right, the timing is right --- but the price of the options you have been looking at has been slightly ahead of where you are ready to move today.
That gap is real. And it has kept a significant number of qualified, serious Lekki Phase 1 buyers in rent for longer than the numbers justify.
This listing closes that gap.
₦176M. Off Admiralty Way. Lekki Phase 1.
The address is not a concession. The price is just lower than what the market has been asking.

THE AGITATION
Here is the specific cost of waiting for the "right" price in this corridor.
Lekki Phase 1 off Admiralty Way is not a market that has demonstrated patience with buyers who defer entry. The buyers who entered this corridor two years ago at what felt like the top of the range --- paying numbers that made them wince slightly at signing --- are now sitting on assets that have appreciated past that wince point and kept moving.
Meanwhile, the rent you are paying for your current apartment has gone up. Again. The renewal letter came. The number increased. You paid it because the alternative --- relocating, re-registering the children's school, rebuilding the domestic routines you have spent years establishing in this general corridor --- was more disruptive than the increase.
Your landlord understands this calculation. He always has.
Every renewal you absorb is a year of equity that belongs to his balance sheet, not yours. Every month you spend in someone else's property off Admiralty Way is a month the price of your entry into this corridor inches further from where it is today.
The professional who looks back five years from now at the decision they did not make at ₦176M --- in a gated, flood-free, fully documented Lekki Phase 1 apartment off Admiralty Way --- will not be describing it as the price they saved. They will be describing it as the price they missed.

THE SOLUTION
This 2-bedroom apartment off Admiralty Way, Lekki Phase 1, is the entry point the corridor has not offered at this price in some time.
Fully fitted and finished. Gated and secured estate. Confirmed flood-free. All title documentation available for immediate due diligence. First occupancy --- you will be the first landlord to occupy this unit.
Here is exactly what the acquisition delivers:
Off Admiralty Way, Lekki Phase 1 --- the address that needs no qualification. Admiralty Way is Lekki Phase 1's primary residential axis. Off Admiralty Way means you are inside the corridor's most established catchment --- the schools, the commercial infrastructure, the social network, the resale demand. You are not adjacent to it or approximate to it. You are in it. At ₦176M, that precise address positioning is the most commercially significant fact about this listing. Comparable addresses in the same sub-corridor are transacting at significantly higher per-unit prices.
Gated and secured estate. The compound is controlled access. Security is professional and in place. Your household --- and your home when you are away on business --- is inside a managed perimeter, not dependent on a compound gate man's alertness at 3 AM. For the professional who travels regularly and whose family remains in the apartment during absences, this is infrastructure that functions every hour of every day, not just during business hours.
Good drainage --- and a confirmed flood-free location. The description is explicit: this is a very good and flood-free location, off Admiralty Way, Lekki Phase 1. The estate's drainage system manages Lagos rainfall without transferring the problem to individual units or the compound. The location does not flood.
Smilebay Realties does not list properties in flood-prone areas. Every property in this portfolio is assessed for flood risk before it is listed. This apartment, in this location, off Admiralty Way, Lekki Phase 1, passed that assessment. You are not buying an apartment that will test you between May and October every year. The estate's drainage infrastructure was built to handle Lagos rain. It does.
All title documents available for immediate verification. Every necessary document for due diligence is in place. Your solicitor can begin review from day one. The transaction does not wait for document assembly. The paper trail is ready when you are.
First occupancy --- you are the first landlord. This is a brand new unit. No accumulated wear. No prior tenant's decisions embedded in the fixtures. No building history to inherit. You are the first person to open the front door of this apartment as an owner. That is the specific advantage of a new-build acquisition that resale units cannot offer --- and it is confirmed here.
Two bedrooms. Two bathrooms. Three toilets. 88sqm. The layout is correctly configured for a senior professional household --- a master with en-suite, a second bedroom for a child, a visiting parent, or a home office, and a third toilet serving the common areas. 88sqm is workable space in a well-designed floor plan, and in this corridor, at this price, it is the correct size for the entry point this listing represents.
₦176,000,000. Fully fitted. Gated. Flood-free. First occupancy. Off Admiralty Way. Lekki Phase 1.
For the buyer whose capital is structured at this level and who has been watching the Admiralty Way corridor while the numbers crept further out of reach --- this is the conversation that was worth waiting for.

THE CALL TO ACTION
This listing is priced below comparable 2-bedroom apartments in the Admiralty Way sub-corridor of Lekki Phase 1. That gap will not persist indefinitely. The buyers who are active in this market and recognize the price positioning will move.
The buyer for this apartment is a senior professional --- or an investor building a Lekki Phase 1 portfolio at the entry end --- with ₦176M structured and the title verification process ready to begin.
One viewing. One solicitor conversation. All documents in hand.
Call or WhatsApp Smilebay Realties: +234 901 517 4801
Admiralty Way is the address.
₦176M is the current price.
Both of those things are true for a limited time.

2 Bedrooms 2 Bathrooms 3 Toilets 88sqm Fully Fitted & Finished First Occupancy
Gated & Secured Estate Good Drainage Flood-Free Confirmed
All Title Documents Available for Due Diligence
Off Admiralty Way, Lekki Phase 1, Lekki, Lagos ₦176,000,000
Listed by Smilebay Realties Limited Ref: 3321418