High-net-worth real estate investment
$30,000,000
Ikoyi Lagos Nigeria
High-Net-Worth
Real Estate Investment
The Opportunity
A Rare Portfolio Play in Ikoyi's Tightest Market
Ikoyi remains one of Lagos' most resilient residential markets, driven by tight supply, strong tenant demand, and consistent capital preservation. Off Glover Road, we are presenting a rare, single-acquisition opportunity: 26 luxury apartments sitting on approximately 4,300 square meters of prime land, with Certificate of Occupancy (C of O) title.
This is a clean play for an investor seeking scale in Ikoyi, whether the preference is capital upside, stable USD-denominated cashflow, or a long-hold legacy asset. The buildings are delivered. The title is clean. The numbers are compelling.
Photo Gallery
Inside the Development
Property Overview
Two Towers. Twenty-Six Units. One Title.
- Location Off Glover Road, Ikoyi, Lagos
- Land Size Approx. 4,300 sqm
- Title Certificate of Occupancy (C of O)
- Asset Type Luxury Residential Development
- Configuration Two Blocks, 8 Floors Each
- Total Units 26 Apartments
- Bedrooms 2, 3 and 4-Bedroom
- Bathrooms 3, 4 and 5 per Unit
- Asking Price $30,000,000 USD
- 10 units, 3-bedroom apartments each with 1-bedroom boys' quarters
- 2 units, 4-bedroom penthouses with 1-bedroom boys' quarters
- 4 to 5 bathrooms per unit
- 12 units, 3-bedroom apartments with boys' quarters
- 2 units, 2-bedroom apartments with boys' quarters
- 3 to 4 bathrooms per unit
Swimming Pool
External
Sitting Room
Resident Amenities
Built for Lasting Occupancy
Every feature protects occupancy rates and supports premium rental positioning within the Ikoyi market. Executive residents and long-term tenants will find everything they need on-site.
Investment Case
Priced Below Market. Returns Above Average.
You are acquiring a portfolio that, on comparable pricing benchmarks, justifies a materially higher valuation today. This is not a development-risk play. The buildings are complete. The title is clean. The implied gain on comparable benchmarks is approximately $13.23m relative to the $30m ask.
Gross yield at acquisition price: ~6.0% per annum
Indicative payback period: ~16 to 17 years before rent reviews.
Ikoyi rents historically adjust upward in multi-year cycles, compressing effective payback and increasing yield over time.
4-Bed Penthouse: ~$2.727m per unit
2-Bedroom: ~$0.886m per unit
Implied portfolio value at today's comparables: ~$43.23m. This premium can be realised on resale into the current Ikoyi buyer pool.
Title: Full C of O on a sizeable 4,300 sqm plot.
Developer: International developer-backed, adding credibility and asset quality.
Flexibility: Balanced unit mix supports resale optionality and diversified tenant demand.
Summary of Returns
at $30,000,000 Acquisition| Metric | Value |
|---|---|
| Purchase Price | $30,000,000 |
| Estimated Market Value (Comparable Basis) | ~$43,230,000 |
| Immediate Implied Gain | ~$13,230,000 +44.1% |
| Projected Annual Gross Rent | $1,800,000 p.a. |
| Gross Rental Yield (on $30m) | ~6.0% per annum |
| Indicative Payback Period | ~16 to 17 years (before rent reviews) |
| Title | Certificate of Occupancy (C of O) |
Rental Performance
Income Profile by Unit Type
- 3-Bed with BQ, 22 units at ~$68,182 $1,500,000 p.a.
- 4-Bed Penthouses, 2 units at ~$109,091 $218,182 p.a.
- 2-Bedroom, 2 units at ~$40,909 $81,818 p.a.
- Payback Period ~16 to 17 years
- Basis Before rent reviews
- Rent Cycle Historically upward-adjusted
- Tenant Profile Corporate and Executive
Location
Ikoyi, Lagos' Most Resilient Address
Ikoyi is recognised as one of West Africa's most prestigious residential corridors, defined by tight supply, affluent occupier demand, and consistent capital appreciation across long investment cycles.
This development sits off Glover Road, a well-established Ikoyi address with proximity to high-end schools, international embassies, financial institutions, and the Victoria Island business district.
- Off Glover Road, Ikoyi, Lagos, Nigeria
- Close to major financial institutions and diplomatic missions
- Short drive to Victoria Island CBD and Eko Atlantic City
- Surrounded by high-end residential and diplomatic estates
Note: Valuation and rental figures are indicative estimates based on comparable market benchmarks and general assumptions at the time of listing. Final figures are subject to unit condition, tenancy structure, market conditions at the time of transaction, and independent buyer due diligence. Past performance of comparable properties does not guarantee future returns. Property ID: WPID000119.