1 & 2 bedroom off-plan apartments in Ikate, Lekki
13, Yemi Adetayo Link road, Ilasan , Ikate - Lekki, Lagos
₦100.00
Investment Brief: De Lekki Apartments
Developers: Auspicious Properties
Location: Ilasan, Ikate-Lekki, Lagos
Asset Type: Premium Off-Plan Residential Units (1 & 2 Bedroom Apartments)
Legal Title: Certificate of Occupancy (C of O) and Governor’s Consent
Pricing and Acquisition Terms
1 Bedroom Apartment: ₦100,000,000
2 Bedroom Apartment: ₦150,000,000
Payment Plan: 30% initial deposit; balance amortized over 12 months.
Strategic Investment Value
The Ikate-Lekki corridor is currently one of the most liquid real estate micro-markets in Lagos. This specific site at 13 Yemi Adetayo Link Road offers a mid-market entry point with high rental demand driven by young professionals and corporate expatriates.
1. Infrastructure & Connectivity
Lekki Regional Road Project: The property is positioned to benefit from the 8.75km Regional Road which connects Freedom Way to VGC. This infrastructure significantly reduces transit times to Victoria Island and the Lekki-Epe Expressway, directly impacting property valuation.
Retail Proximity: Located within a 5–10 minute radius of Circle Mall (Jakande) and Blenco Supermarket, ensuring high desirability for long-term tenants and short-let guests.
Coastal Highway Impact: Proximity to the ongoing Lagos-Calabar Coastal Highway project is projected to drive capital appreciation in the Ilasan/Ikate axis by an estimated 15–20% annually over the next 24 months.
2. Asset Performance & Yield Projections
Rental Yields: In the current 2026 market, serviced 2-bedroom apartments in the Ikate/Ilasan area command annual rents between ₦7M and ₦11M.
Short-Let Potential: Due to its proximity to Elegushi Beach and the business hubs of Lekki Phase 1, units in this location are optimized for short-stay management, where daily rates for 1-bedroom units currently average ₦65,000 – ₦85,000, offering potentially higher IRR than traditional tenancies.
Capital Appreciation: The Ikate area has shown a consistent 12–17% year-on-year growth in property values, making it a stable hedge against inflation.
Technical Specifications
The development is engineered for low-maintenance institutional ownership, featuring:
Vertical Mobility: High-speed passenger elevator.
Parking: Underground parking facility to maximize surface area and security.
Energy & Utilities: Provisions for 24/7 power and treated water systems.
Lifestyle Amenities: Fully equipped fitness center (Gym), swimming pool, and fitted kitchens with contemporary cabinetry.
Comparative Market Analysis (CMA): Q1 2026
Subject Property: 13 Yemi Adetayo Link Road, Ilasan, Ikate-Lekki
1. Market Price Positioning
The current entry prices at Ilasan reflect a strategic discount compared to the core Lekki Phase 1 market, despite the narrowing gap in infrastructure quality.
Asset Type | Subject Property (Ikate) | Lekki Phase 1 (Average) | Variance |
1 Bedroom | ₦100,000,000 | ₦125M – ₦145M | -25% to -45% |
2 Bedroom | ₦150,000,000 | ₦185M – ₦210M | -23% to -40% |
Investor Note: The lower entry point in Ilasan allows for higher capital appreciation potential as the "Regional Road" completion further integrates Ikate into the Lekki Phase 1 economic zone.
2. Rental Yield & Performance Metrics
Based on current 2026 data for serviced apartments in the Lekki corridor:
Gross Rental Yield (Long-term):
Ikate/Ilasan: 7% – 9% per annum.
Lekki Phase 1: 5% – 7% per annum (lower due to higher acquisition costs).
Occupancy Rates: The Ilasan/Ikate axis currently maintains an occupancy rate of 82% for serviced short-let apartments, driven by the shift of corporate tenants seeking more competitive rates than those found in Phase 1 or Victoria Island.
3. Surrounding Infrastructure Developments
Investment viability at this location is supported by three primary infrastructure drivers:
The Lagos-Calabar Coastal Highway: The alignment of this project near the Ilasan axis increases land value along the corridor. Properties within 2km of the coastal road access points are seeing increased demand for commercial-residential hybrids.
Drainage & Road Paving: The Lagos State Government’s continued intervention in the Ikate-Ilasan drainage system has significantly mitigated flood risks, a critical factor for asset liquidity and insurance premiums in this region.
Commercial Density: Proximity to Circle Mall and the burgeoning Freedom Way commercial strip ensures a steady pool of high-income tenants working in the technology and oil & gas sectors.
4. Risk Mitigation for Investors
Title Security: The combination of a Certificate of Occupancy (C of O) and Governor’s Consent is the highest level of title security in Lagos State, making the asset eligible for bank financing and institutional resale.
Structural Features: The inclusion of underground parking is a significant differentiator in Ikate, where surface parking is often limited. This feature enhances the resale value by roughly 5–8% compared to surface-parked units.
Investment Summary
The ₦100M/₦150M price point at 13 Yemi Adetayo Link Road represents a "Value-Add" opportunity. Investors can acquire assets at approximately 30% below Lekki Phase 1 prices while commanding rental rates that are currently trailing Phase 1 by only 10–15%.