₦ 1,500,000/sqm
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PID: 2PSRMLekki Phase 1 Lekki Lagos
Last updated 2026-07-13 09:03:37.0
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Safety Tips
- Do not make any inspection fee without seeing the agent and property.
- Only pay Rental fee, Sales fee or any upfront payment after you verify the Landlord.
- Ensure you meet the Agent in an open location.
- The Agent does not represent PropertyPro and PropertyPro is not liable for any monetary transaction between you and the Agent.
Description
*WATERFRONT JV ALERT – LEKKI PHASE 1 EXTENSION ?? 20,000 sqm | Off Ladipo Latinwo > LEKKI PHASE 1 | 60:40 Split | ?900M Premium*
Rare waterfront parcel on the new dual carriageway linking Lekki Foreshore to Lekki Phase 1. Certified survey available.
*Location:* Off Ladipo Latinwo Crescent, Lekki Phase 1 Extension. Directly on the dual road from Lekki Foreshore Estate
*JV Lans Size Only :* 20,000 sqm [Owner holds 30,000 sqm total]
Type: Waterfront. Part requires sandfilling
*Land Value*: 1.5M/sqm = 30Billion for 20,000 sqm
*Entry Premium*: 900M non-refundable
*Sharing:* 60:40 [Developer 60%, Landowner 40%]
*Facilitation Fee:* 10%
*Why this is a play*:
- Location: On the dual road connecting Lekki Foreshore to Phase 1. High visibility and future traffic
- Waterfront: Direct access to water for premium residential, hospitality, or mixed-use
- Scale: 20,000 sqm allows for a master-planned estate or phased development
- Docs: Certified survey plan in place. Clean for due diligence
*Note: Part of the land requires sandfilling. Factor this into project costing and timeline*.
To proceed: Send developer company profile, LOI, agency letter, and proof of funds*.
*Serious developers with capacity for waterfront projects only*.
Wi
a.fee
Rare waterfront parcel on the new dual carriageway linking Lekki Foreshore to Lekki Phase 1. Certified survey available.
*Location:* Off Ladipo Latinwo Crescent, Lekki Phase 1 Extension. Directly on the dual road from Lekki Foreshore Estate
*JV Lans Size Only :* 20,000 sqm [Owner holds 30,000 sqm total]
Type: Waterfront. Part requires sandfilling
*Land Value*: 1.5M/sqm = 30Billion for 20,000 sqm
*Entry Premium*: 900M non-refundable
*Sharing:* 60:40 [Developer 60%, Landowner 40%]
*Facilitation Fee:* 10%
*Why this is a play*:
- Location: On the dual road connecting Lekki Foreshore to Phase 1. High visibility and future traffic
- Waterfront: Direct access to water for premium residential, hospitality, or mixed-use
- Scale: 20,000 sqm allows for a master-planned estate or phased development
- Docs: Certified survey plan in place. Clean for due diligence
*Note: Part of the land requires sandfilling. Factor this into project costing and timeline*.
To proceed: Send developer company profile, LOI, agency letter, and proof of funds*.
*Serious developers with capacity for waterfront projects only*.
Wi
a.fee
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