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2-Bed Serviced Apartment - Lekki Phase 1 image 1
2-Bed Serviced Apartment - Lekki Phase 1 image 2
2-Bed Serviced Apartment - Lekki Phase 1 image 3

Guide price

₦400,000,000AVAILABLE

2-Bed Serviced Apartment - Lekki Phase 1

Lekki Phase 1, Lagos

2 beds2 baths

Key information

Tenure
Freehold
Broadband / connectivity
Ready (High)

Key Features

  • Fitted kitchen with accessories
  • Elevator access
  • Swimming pool
  • Gym
  • Rooftop terrace
  • Modern POP ceiling with detailed finishing
  • fully serviced building

Description

Luxury 2-bedroom serviced apartment in Lekki Phase 1 - Lagos’s most established premium residential corridor. The building is near completion with detailed finishing underway, and offers the kind of specification typically found in international-standard developments: elevator, swimming pool, gym, rooftop terrace, and fully fitted kitchens. Lekki Phase 1 needs no introduction. It is the benchmark for residential investment in Lagos, consistent rental demand, strong title documentation (predominantly C of O), established infrastructure, and a proven track record of steady appreciation. This is the location diaspora investors trust first. At ₦400,000,000 for a 2-bedroom, this is a premium asset — but the specification justifies it. Serviced apartments with elevator access, pool, and gym in Lekki Phase 1 command top-tier rents from corporate tenants, expatriates, and senior professionals. The rooftop terrace adds a lifestyle premium that most competing developments don’t offer. The building is nearing completion — scaffolding is still up but the structure and exterior finishing are substantially done. This is the point where you lock in pre-completion pricing before the final handover pushes values up. Developer: [Confirm name — check if there’s a logo or sign on the building photos] Location: Lekki Phase 1, Lagos. Best suited for: corporate and expatriate rental investors, diaspora investors seeking the safest Lagos location, buyers who want serviced apartment convenience with premium amenities, and investors targeting Lekki Phase 1 at pre-completion pricing. Things to consider: ₦400M for a 2-bed reflects the premium specification and Lekki Phase 1 location — this is not a budget entry point. Confirm exact completion timeline and handover date. Ask JESFEM about the title document status for this specific development. The building is near-complete but not fully finished — confirm what finishing works remain. Viewing available — contact JESFEM to arrange. Tick “Show on homepage (Selected Listings)” — a Lekki Phase 1 listing adds serious credibility to the homepage.

INVESTMENT INTELLIGENCE

Rental Income (Annual)

₦23.0M

Benchmark: Lekki Phase 1 · Beds: 2 · Multiplier: 1×

Gross Yield

5.75%

Rent ÷ Purchase Price

Net Yield

4.60%

After expenses (20%)

Monthly Cash Flow Projection

Item DescriptionValue (₦)
Gross Monthly Rent1,916,667
Operating Expenses (20%)(383,333)
Net Monthly Cash Flow1,533,333
Confidence: 86% · Source: Location benchmark dataset

Estimates based on market data and assumptions. Not financial advice. Not a guarantee of future performance. All figures are illustrative of current market intelligence.

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