Cornerpiece Property
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Property Description
DEVELOPER PITCH DECK SUMMARY -- GERRARD ROAD, IKOYI
Asset Overview
Location: Gerrard Road, Ikoyi, Lagos
Land Size: 3,800 sqm (Prime Corner Piece)
Title: Land Certificate
Asking Price: ₦3.4m per sqm (NET)
Total Land Value: ~₦12.92 Billion
Investment Thesis
Gerrard Road sits within Ikoyi's highest-value residential and mixed-use corridor, driven by scarcity of large land parcels and sustained HNI demand.
The corner-piece positioning enhances design flexibility, visibility, density optimization, and exit value.
Ideal for developers seeking capital preservation, strong upside, and fast market absorption.
Development Options
Luxury Apartments / Penthouses
Serviced Apartments / Short-Stay Residences
Boutique Office or Mixed-Use Development
Market Demand Drivers
High demand from expatriates, corporates, diplomats, and UHNWIs
Proximity to Banana Island, Bourdillon, Alfred Rewane, and key commercial nodes
Low vacancy rates for well-positioned luxury developments
Financial Upside & ROI
Land Appreciation: 15--25% per annum
Land Value Projection (24--36 months): ₦5m+/sqm
Projected Capital Upside: 30--50%+ on land value alone
Post-Development ROI: Strong margins supported by premium sales rates and rental yields
Competitive Advantages
Rare large-format corner parcel in Ikoyi
Located on a prestige address with high resale liquidity
Suitable for iconic landmark development
Strong demand ensures quick off-take for finished units
Exit Strategies
Land banking with medium-term resale
Development, sales, and phased exit
Forward sale to institutional or offshore investors
Risk Mitigation
Secure land title
Established high-value neighborhood
Multiple development and exit pathways
Property Details
| Property Ref: 3278039 | Added On: 05 Jan 2026 | Last Updated: 05 Jan 2026 |
| Market Status: Available | Type: Mixed-use Land | Total Area: 3,800 sqm |
Interesting Facts
You may be aware that Lagos was once the Nigerian government's capital, but did you know that between 1966 and 1991, Ikoyi served as the seat of the Federal Government of Nigeria?
Leisure and Shopping
Awolowo Road is home to the majority of Ikoyi's shopping malls. A high street with upscale shops and boutiques, privately owned businesses, cyber cafes, and so on can be found here.
Popular Estates
If you ask anyone in Lagos State to name a popular estate, Parkview Estate or Osborne Foreshore Estate will undoubtedly come up. Apart from being peaceful, these estates also have excellent security and infrastructure.
Day Life
You can learn about Nigeria's history and meet and interact with knowledgeable artists and curators at the museum. The bullet-riddled car from Murtala Muhammed's assassination, ancient royal crowns, carved ivory, and sophisticated handcrafted artefacts from all over Nigeria are among the works on display at The National Museum, which is located on Onikan Road in Ikoyi.
Night Life
Ikoyi is one of the most popular nightlife areas in Lagos, with clubs and bars catering to a wide variety of tastes and lifestyles. At night, Awolowo Road in Ikoyi has some of the city's best-known nightclubs.
Schools
Aside from the corporate world and leisure pursuits, Ikoyi is home to a number of prestigious and well-known primary and secondary schools. These schools have excellent infrastructure and ambiance, as well as a track record of academic success.
Read the full area guide for Ikoyi, Lagos.
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Disclaimer
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14 Gbenga Adeleke Street Destiny Homes, Abijo, Lagos, Lagos, Nigeria
0803 XXXX Show Phone
08034694258
+2348034694258
Registered 7 months ago
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