Osapa London, Osapa, Lekki, Lagos
₦1,500,000,000
| Property Ref: 3630601 | Added On: 19 Aug 2026 | Last Updated: 11 Sep 2026 |
| Market Status: Available | Type: Block of Flats | Total Area: 1,700 sqm |
| Covered Area: 1,700 sqm |
DISTRESS SALE
1,700 SQM DEVELOPMENT OPPORTUNITY OSAPA, LAGOS
1.5 BILLION
A substantial value-add opportunity for developers, property investors and strategic buyers seeking an existing development platform in Osapa.
THE OPPORTUNITY
Available for acquisition is approximately 1,700 SQM of land in Osapa, Lagos, with an existing three-floor building carcass.
The property is being offered as a distress sale at 1.5 billion, creating an opportunity for an investor to acquire an existing development rather than commence from a vacant site.
The structure provides a foundation for a potential boutique residential and lifestyle development, subject to architectural, structural, planning and regulatory due diligence.
WHY THIS ASSET IS INTERESTING
EXISTING THREE-FLOOR CARCASS
A substantial portion of the building structure is already in place, potentially reducing the time and capital required compared with starting a new development from the ground up.
1,700 SQM LANDHOLDING
A meaningful landholding within Osapa provides scope to optimise the existing development for a higher-value residential product.
VALUE-ADD POTENTIAL
The opportunity is particularly suited to an investor capable of acquiring, completing and repositioning an unfinished asset.
PREMIUM RESIDENTIAL POSITIONING
Our proposed concept explores transforming the existing structure into a distinctive residential development centred around one-bedroom apartments, an internal atrium, landscaped communal spaces and premium lifestyle amenities.
ROOFTOP OPPORTUNITY
The roof presents potential for a recreational destination incorporating outdoor lounge areas, dining, landscaping, wellness and entertainment spaces, subject to structural and planning feasibility.
THE PROPOSED VISION
Rather than completing the building as a conventional apartment block, the opportunity can be repositioned as a design-led urban residential destination.
Our preliminary concept explores:
ONE-BEDROOM RESIDENCES
Efficient premium apartments designed for professionals, executives, corporate tenants and investment buyers.
CENTRAL ATRIUM
A dramatic internal communal space incorporating natural daylight through a roof skylight, landscaping, balconies and resident lounges.
ROOFTOP RECREATION
A landscaped rooftop environment with lounge, outdoor dining, fitness, wellness and entertainment potential.
INDUSTRIAL-LUXURY DESIGN
Concrete, timber, metal, architectural lighting and greenery can transform the existing structural language into a distinctive visual identity.
INVESTMENT ANGLE
The attraction is the value gap.
An investor is acquiring:
LAND + EXISTING STRUCTURE + DEVELOPMENT POTENTIAL
The strategy is then to:
ACQUIRE COMPLETE REPOSITION LEASE / OPERATE STABILISE HOLD OR EXIT
This provides several potential routes to value creation rather than relying solely on passive land appreciation.
POTENTIAL END USES
Depending on planning, market research and feasibility studies, the completed asset could potentially serve as:
- Premium residential apartments
- Corporate accommodation
- Managed apartments
- Short / medium-stay accommodation
- Boutique residential investment
- Hybrid residential and lifestyle development
The final use should be determined through a professional feasibility study and the investor's preferred return strategy.
WHO SHOULD LOOK AT THIS?
This opportunity is particularly suited to:
PROPERTY DEVELOPERS
Looking for an existing construction platform in Lagos.
VALUE-ADD INVESTORS
Seeking distressed or incomplete assets where execution can create substantial value.
PRIVATE CAPITAL / FAMILY OFFICES
Seeking a tangible real-estate-backed investment with multiple potential exit strategies.
HOSPITALITY / RESIDENTIAL OPERATORS
Interested in developing a differentiated boutique accommodation concept.
STRATEGIC PARTNERS
With the capital and execution capability to complete and reposition the asset.
KEY COMMERCIAL INFORMATION
Location Osapa, Lagos
Land Size Approximately 1,700 SQM
Existing Development Three-floor building carcass
Transaction Distress Sale
Guide Price 1.5 Billion
Development Status Incomplete
Proposed Strategy Complete, reposition and monetise
Due Diligence Required prior to acquisition
THE INVESTMENT PROPOSITION
This is not being presented as a finished development.
That is precisely the opportunity.
The buyer has the ability to influence the final product, development economics, unit mix, positioning, amenities and operating strategy.
With the right execution, an unfinished carcass can be converted into a recognisable, income-producing residential asset rather than simply completed as another apartment building.
THE ASK
1.5 BILLION
Serious investors and developers may request the full property information, documentation and arrange a physical inspection subject to the seller's process.
Documentation and physical inspection will be made available as part of the due-diligence process.
OSAPA, LAGOS
DISTRESSED ASSET. EXISTING STRUCTURE. DEVELOPMENT UPSIDE.
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