Land Area: 10,000sqm Building Approval: Up To 6 Floorssurrounded By Pr
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Property Description
PRIME DEVELOPMENT OPPORTUNITY IN LEKKI
Location
The Island, Off Freedom Way, Lekki, Lagos --- a thriving hub known for upscale living, commercial activity, and excellent infrastructure.
Property Details
- Land Area: 10,000 SQM
- Price: ₦700,000 per SQM
- Total Value: ₦7 Billion
- Zoning: Mixed-Use
- Building Approval: Up to 6 Floors
Why This Property?
Island offers a water front project
Strategic location in Lekki Phase 1 axis
Surrounded by premium developments
Ideal for residential, commercial, or hybrid projects
Strong rental yield and capital appreciation
Excellent accessibility and visibility
Development Possibilities with the 10000sqm
- Luxury Residential Apartments
- Corporate Office Complex
- Retail & Shopping Plaza
- Hospitality Projects (Hotel / Short-let Apartments)
- Fully Integrated Mixed-Use Development
Investment Advantage
Lekki continues to experience rapid growth, making this property a high-value asset for forward-thinking investors.
Ownerost
Property Details
| Property Ref: 3481063 | Added On: 14 May 2026 | Last Updated: 14 May 2026 |
| Market Status: Available | Type: Mixed-use Land |
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.
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Disclaimer
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