Ikoyi is the crown jewel of Lagos real estate, a district where exclusivity and value never go out of demand. Off Glover Road lies this Magnificent Apartments, a rare opportunity to secure 26 luxury residential units on 4,300 sqm of prime land with Certificate of Occupancy title.

The Development

This Apartment comprised of two residential blocks rising gracefully over eight floors:

• Block A: 10 units of three-bedroom apartments, and 2 four-bedroom penthouses, each with a one-bedroom boys’ quarters.

• Block B: 12 units of three-bedroom apartments, and 2 units of two-bedroom apartments, also with boys’ quarters.

This thoughtful mix caters to families, professionals, and investors seeking both functionality and distinction.

The price: $22,000,000 USD.
The value: far greater.

Why $22 Million is a Great Deal

Let’s compare with current market prices in Ikoyi:

• A 3-Bedroom Apartment with 1 BQ averages $1.2 million USD.

• A 4-Bedroom Penthouse/Maisonette averages $2 million USD.

• A 2-Bedroom Apartment averages $650,000 USD.

Now, let’s multiply by the 26 units at off Glover Road:

• 22 Units of 3-Bedroom Apartments × $1.2m = $26.4m

• 2 Units of 4-Bedroom Penthouses × $2m = $4m

• 2 Units of 2-Bedroom Apartments × $650k = $1.3m

Total Market Valuation = $31.7 million USD

If purchased at $22 million USD, an investor stands to make an immediate paper gain of $9.7 million USD simply by holding or reselling at today’s market value.

Strong Rental Returns

If your strategy is income rather than resale, the numbers are equally compelling:

• 3-Bedroom with BQ rents for $50,000 per annum × 22 units = $1.1m annually

• 4-Bedroom Penthouses rent for $80,000 per annum × 2 units = $160k annually

• 2-Bedroom Apartments rent for $30,000 per annum × 2 units = $60k annually

Total Annual Rental Income = $1.32 million USD

At this rate, investors recover their $22 million USD outlay in approximately 16-17 years, without factoring in rent increases. And given Ikoyi’s track record, rents will rise within 3-5 years, accelerating recovery and boosting long-term yields.

This is why this Apartment is not just a property, but a cash-flowing, appreciating, and inflation-hedged asset.

Lifestyle and Amenities

Beyond the numbers, this Apartment is designed for a lifestyle of balance, security, and sophistication:

• Swimming Pool with Van Gogh’s Starry Night design – art meets leisure.

• Fully Equipped Gym – health and vitality built in.

• Reception Lobby and Lounge – elegance for residents and guests.

• Business and Conference Spaces – perfect for modern executives.

• 24-Hour Security and CCTV – peace of mind for residents and investors.

• Two Elevators plus Service Lift per Tower – efficiency and convenience.

• Ample Parking, Power Transformers, and Fire Safety Systems – ensuring resilience.

Why Invest Now?

• Buy at $22 million USD, valued at $31.7 million USD in today’s market.

• Built-in $9.7 million USD profit margin on resale.

• Strong annual rental yield of $1.32 million USD, with upward reviews expected.

• Secure title and location in the most prestigious neighborhood in Lagos.

• Backed by an established international developer.

Conclusion

At Wisecom Realty, we present this Luxury Apartment as one of the most attractive investment opportunities in Ikoyi today. It combines capital appreciation, strong rental income, lifestyle luxury, and long-term legacy value, all in a single acquisition.

ROI Calculations for $22,000,000 Acquisition

Resale ROI (Capital Appreciation)

• Market Valuation = $31.7m

• Acquisition Price = $22m

• Profit = $9.7m

ROI % (Resale) = Profit ÷ Acquisition Price × 100
= $9.7m ÷ $22m × 100
= 44% ROI on resale at today’s market value.

Rental ROI (Yield)

• Annual Rental Income = $1.32m

• Acquisition Price = $22m

Rental Yield % = Annual Rental ÷ Acquisition Price × 100
= $1.32m ÷ $22m × 100
≈ 6% annual rental yield

Payback Period (Rental Recovery)

• Acquisition = $22m

• Annual Rent = $1.32m

Payback = Acquisition ÷ Annual Rent
= $22m ÷ $1.32m
≈ 16.7 years (before factoring in rental increases).

Given Ikoyi’s rental market trends, yields typically rise within 3-5 years, which can shorten the payback period considerably.

Investor Case Summary

• $22m purchase price

• $31.7m market value → Immediate $9.7m gain

• 44% ROI on resale

• 6% annual rental yield

• 16–17 year payback (faster with rent reviews)

This makes the property a hybrid investment: strong capital upside for flippers, and reliable cashflow yield for long-term holders.