Residential Investment Property

$20,000,000

Ikoyi, Lagos Nigeria

Old Ikoyi Residences — Investment Opportunity
01Investment Overview

The Numbers
Behind the Address

This is not a standard acquisition. It is the purchase of an entire residential building — 38 apartments across 12 floors — sitting on one of the most irreplaceable 4,000 sqm plots in West Africa.

The title is Governor's Consent. Clean, unencumbered, and ready for transfer. At $20M USD, this is a whole-building deal that rarely comes to market in Old Ikoyi — and almost never at this scale.

4,000 sqm
Land Area
38
Luxury Units
12
Floors
G / C
Governor's Consent
"Land in Old Ikoyi cannot be manufactured. When it is available, it is taken. This is one of those moments — and this building is the entire opportunity."

Old Ikoyi, Lagos  ·  $20,000,000 USD  ·  Whole-Building Acquisition

02Configuration

Built for
Discerning Occupants

38
4-Bedroom Apartments
Every one of the 38 units is a full four-bedroom apartment, all rooms ensuite, finished to a standard that commands premium rents. There is no compromise unit in this building.
BQ
Boys' Quarters Included
Each apartment includes a dedicated boys' quarters — increasingly rare in new Ikoyi developments, and a feature that meaningfully raises rental yield and tenant retention at this level of the market.
Car Parks Per Unit
Three allocated parking bays per apartment. In a neighbourhood where parking is one of the first things tenants ask about, this is a direct competitive advantage that protects your yield.
03Facilities

Everything a
Tenant Demands

  • Swimming Pool
  • Fully Equipped Gymnasium
  • Passenger Elevators & Service Lifts
  • Ample Resident & Visitor Parking
  • Water Treatment & Sewage Plant
  • 24-Hour Electricity Supply
  • Dedicated Power Backup
  • 24-Hour Security & CCTV
  • Fire Safety Systems
An investment built to perform in any market.

Full infrastructure. No generator bills landing on tenants. No water shortages. No security gaps. A building that runs without friction — and therefore holds its value.

LocationOld Ikoyi, Lagos
Land Area4,000 sqm
TitleGovernor's Consent
Units38 × 4-Bed (Ensuite + BQ)
Floors12
Parking3 bays per unit
Investment Price$20,000,000 USD
04Location

Old Ikoyi —
Lagos at Its Peak

Old Ikoyi, Lagos

Old Ikoyi has been Lagos's most prestigious residential address for decades. This is where the city's most prominent families, senior diplomats, and corporate executives have always chosen to live — and that has never changed.

What makes it exceptional as an investment is not just the prestige. It is the scarcity. There is a finite amount of land in Old Ikoyi, and it is essentially all taken. Developments of this scale simply do not surface often.

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Exclusivity
One of West Africa's most prestigious residential enclaves
Scarcity
Finite land supply — new large-scale development is near impossible
Connectivity
Minutes from Lagos Island's business and commercial core
Resilience
Values here have proven resistant to wider market cycles
Investment Enquiries

An Address That Speaks
of Class Today — and Holds
Its Value for Generations.

Whole-building acquisition. 38 apartments. Governor's Consent title. Old Ikoyi. This is not a listing that repeats. Reach out for the full investment brief and to arrange a private walkthrough.

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Crafted by Jonathan Cole