Apartments at Jide Omotosho Drive Abijo GRA, Ajah, Lagos
1-bedroom (85M), 2-bedroom(95M), and 3-bedroom(150M) options situated in the Eko Paragon Residence
₦85.00
Investment Overview: Eko Paragon Residence
Eko Paragon Residence is a residential development in Abijo G.R.A., Lagos, executed through a partnership between private developers (AceRoyal Estates) and the Lagos State Development & Property Corporation (LSDPC). The project carries a Certificate of Occupancy, ensuring legal title and facilitating asset transfer.
Asset Classes
The portfolio consists of three specific unit types designed for varying rental or resale strategies:
1-Bedroom Business Suite: Optimized for short-let or corporate leasing.
2-Bedroom Signature Suite: Targeted at the professional rental market.
3-Bedroom Presidential Terrace Duplex + BQ: Designed for high-yield long-term tenancies.
Location & Connectivity
The estate is situated in Abijo G.R.A., providing a buffer from the primary Lekki-Epe Expressway while maintaining proximity to major commercial infrastructure:
Novare Mall (Sangotedo): Primary retail hub in the vicinity.
Ojaja Mall (Ogombo): Located 15–20 minutes away; features 360+ retail outlets and a cinema, driving local demand and foot traffic.
Access: Direct route to the Lekki-Epe Expressway, connecting to the broader Ibeju-Lekki industrial and commercial corridor.
Estate Infrastructure & Specifications
The development utilizes modern infrastructure to reduce long-term maintenance costs and increase tenant retention:
Utilities: 24/7 power supply and a bio-digester waste management system.
Security: Multi-layer security protocols within a gated G.R.A.
Amenities: Fitness center, swimming pool, and dedicated parking for each unit.
Architecture: Contemporary finishes with a focus on interior volume and durable materials.
Government Infrastructure Projects
Lekki-Epe Expressway Expansion: Dual carriageway improvements enhance connectivity to Lekki Phase 1, Ibeju-Lekki, and mainland Lagos, reducing commute times.
Fourth Mainland Bridge: Set for 2027 completion, it will link Abijo directly to Lagos Island, boosting transit and property accessibility.
Power and Utilities: Ongoing government investments in electricity and water supply address past gaps, supporting residential growth.
Demand Drivers
Proximity to Mega Projects: Lekki Free Trade Zone (FTZ), Dangote Refinery, and Lekki Deep Seaport drive industrial jobs and spillover housing demand.
Spillover from Premium Areas: Demand shifts from high-cost Lekki Phase 1 and Victoria Island create affordable mid-range opportunities with 10-22% rental yields.
Population and Urban Migration: Lagos's 16.5M+ population fuels housing needs, favoring planned GRA layouts with gated estates and green spaces.
Investment Thesis
The partnership with the LSDPC provides institutional oversight and regulatory compliance. Located in Abijo G.R.A., the development is positioned for capital appreciation as commercial activity expands eastward from Lekki and Chevron.
The unit mix (1-bedroom to 3-bedroom) is optimized for both short-let leasing and high-yield long-term tenancies. This versatility accommodates investors targeting the short-stay market, corporate housing, or traditional long-term rentals.
Prices:
1-Bedroom Business Suite: 85M
2-Bedroom Signature Suite: 95M
3-Bedroom Presidential Terrace Duplex + BQ: 150M