For Sale: Prime 2394sqm Mixed-use Land With Demolishable Structure, Lekki Phase 1, Lekki, Lagos (Ref: 3397385)

Prime 2394sqm Mixed-use Land With Demolishable Structure

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Property Description

FOR SALE --- PRIME 2,394 SQM MIXED‑USE SITE WITH STRUCTURES, LEKKI PHASE 1
An exceptional, closeable opportunity in Lekki Phase 1: a sizable, development‑ready parcel with existing structures and clean state title --- perfect for an investor or developer seeking immediate presence on one of Lagos's most desirable corridors.

Quick Facts
- Location: Lekki Phase 1 (highly sought residential / commercial corridor)
- Land Size: 2,394 sqm (single, contiguous parcel)
- Title: Governor's Consent --- verifiable and transferrable for institutional transactions
- Condition: Existing mixed‑use structures on site (ideal for immediate income or refurbishment)
- Price: ₦4,000,000,000 (Four Billion Naira)

Headline Appeal
Rarely does a parcel of this scale and quality become available in Lekki Phase 1. This is a premium lot that combines strategic frontage, proven location appeal and immediate utility --- choose to refurbish and lease the existing asset for cashflow or redevelop to maximise GDV. Either route offers compelling upside in a market where demand outstrips supply.

Why this is a must‑see
- Prime positioning: Lekki Phase 1 attracts high‑income residents, premium retail and corporate occupiers --- location drives strong capital appreciation and persistent tenant demand.
- Development flexibility: 2,394 sqm supports a range of high‑yield options --- mixed‑use podium, luxury apartments, boutique hotel, corporate offices with retail podium, or serviced apartments.
- Immediate income potential: existing structures can be retained and monetised while planning and approvals for redevelopment proceed.
- Clean title: Governor's Consent eases bankability and institutional interest; documentation available for qualified buyers.
- Scarcity & scale: Large contiguous parcels inside Lekki Phase 1 are rare --- this holding is strategic for developers seeking meaningful density and design freedom.

Ideal Uses

- Mixed‑use development: retail podium + offices + residential units
- Luxury apartment or serviced apartment complex
- Boutique hotel or hospitality conversion
- Corporate campus / training & conference centre with F&B amenity
- Asset‑hold for long‑term rental income and capital appreciation

Investment Highlights
- Strong rental market and resale demand in Lekki Phase 1 --- rapid absorption for quality product.
- Option to generate cashflow immediately from existing structures while preparing redevelopment.
- Title and site scale support bank financing, JV structures or phased development strategies.
- Strategic asset for HNWIs, developers, institutional investors and hospitality brands.

Transaction Readiness & Next Steps

- Price: ₦4.0B --- serious and qualified buyers only.
- Documentation: Governor's Consent and site particulars available for verification following NDA and proof of funds.
- Viewings: Inspections by appointment for pre‑qualified parties.
- Process: Submit LOI NDA Proof of Funds access to data room and site inspection Heads of Terms swift close.
Seize the opportunity
This is a closeable, high‑impact Lekki Phase 1 parcel that offers both immediate utility and outstanding long‑term upside. For confidential enquiries, to request the due‑diligence pack or to arrange a private viewing, please contact us with proof of funds. Serious buyers only.
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Property Details

Property Ref: 3397385Added On: 19 Mar 2026Last Updated: 19 Mar 2026
Market Status: AvailableType: LandTotal Area: 2,394 sqm

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 of their occupants.

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 in Lekki Phase 1, you're definitely covered.

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 always willing to show up at the local bars and clubs.

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 Phase 1, Lekki, Lagos.

Interested in this property?

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