For sale

Development Opportunity in Osapa, Lagos

Osapa London, Osapa, Lekki, Lagos

₦1,500,000,000

1,700

sqm

Block of Flats

Residential

About this property

This 1,700sqm development opportunity in Osapa, Lekki, Lagos, offers a unique chance for property investors and developers. The site is currently home to a three-floor building carcass, providing a solid foundation for a new residential and lifestyle development. The substantial landholding allows for a versatile use, whether you're looking to create premium residential apartments or explore other potential end uses. The existing structure includes three floors, which can be further developed to suit various needs. A central atrium with natural daylight and landscaped communal spaces is proposed, adding a touch of elegance and functionality. The rooftop area could be transformed into a recreational destination with lounge, dining, and wellness amenities, subject to feasibility studies. The site's potential is significant, with a strategic location in Osapa, a thriving community in Lagos. Whether you aim to reposition the existing structure or start from scratch, this property offers a unique value-add opportunity. The transaction is presented as a distress sale, with a guide price of ₦1.5 billion. Serious investors and developers are encouraged to request full property information and arrange a physical inspection to assess the development potential.