A Defining Waterfront Investment
This 24-unit waterfront mini-estate on Banana Island represents one of the most compelling portfolio investment opportunities in the Nigerian premium real estate market. Combining the irreplaceable asset of a Banana Island address with direct Lagos Lagoon frontage, this estate offers a buyer the ability to acquire an entire income-producing residential complex in a single transaction.
Opportunities of this nature — a complete residential estate with waterfront positioning on Banana Island — rarely come to market. The island's total land supply is permanently fixed by geography, and completed estates of this size trade by private arrangement at significant premiums to land value. This listing represents a generational acquisition opportunity for a serious investor with a long-term view.
The estate comprises 24 residential units set on 600 square metres of land with direct water frontage on the Lagos Lagoon. The property is presented as a going concern — fully built and operational, with existing infrastructure, security, and the full complement of island estate amenities already in place.
Total Portfolio
Land Area
Negotiable
Unit Breakdown
The estate offers a mix of unit types across the development, creating a diversified income base with the flexibility to serve a broad range of tenants — from corporate executives and diplomatic personnel to affluent families seeking short-let luxury on Banana Island.
| Unit Type | No. of Units | Configuration | Classification | Est. Annual Yield |
|---|---|---|---|---|
| Premium Apartments | 12 | 3-Bedroom, En-suite | Residential | 6–9% p.a. (long-let) |
| Executive Apartments | 8 | 2-Bedroom, En-suite | Residential | 7–10% p.a. (long-let) |
| Penthouse Suites | 4 | 4-Bedroom, Premium | Residential | 12–18% p.a. (short-let) |
Yield estimates are based on prevailing market rates for comparable Banana Island assets under professional management. First Equitorial's Spectrum Facility Management division is available to provide full property management services for the acquiring party.
What's Included
The Lagos Lagoon Premium
Direct Lagoon Frontage
An Address With a View No Money Can Create
Waterfront positioning on Banana Island is among the rarest and most valuable property characteristics in Nigeria. The Lagoon view cannot be built out, blocked, or replicated — making it a permanent premium that compounds with every development cycle.
Why This Estate
Portfolio in One Transaction
Acquire 24 income-producing units in a single, clean transaction — bypassing the time, cost, and risk of assembling a comparable portfolio unit by unit over years.
Island Scarcity Premium
Banana Island's land supply is permanently fixed. Every year, demand grows while supply cannot. Waterfront positions within that supply are even rarer — and the premium only widens over time.
Immediate Yield Potential
All 24 units are completed and operational — no construction risk, no development timeline. Income generation can begin immediately under a professional management arrangement.
A single waterfront estate on Banana Island — 24 units, owned outright — is not an investment you find twice. This is the kind of asset that defines a portfolio.
First Equitorial Properties Limited · Investment AdvisoryThe estate is being offered as a single portfolio transaction. No individual unit sales will be facilitated at this time. Interested parties are expected to have the financial capability to complete the full acquisition and will be requested to provide a proof of funds prior to a formal viewing being arranged.
First Equitorial Properties will provide a full investment information memorandum, inclusive of current rental roll, tenancy schedule, service charge accounts, and title documentation, upon execution of a mutual Non-Disclosure Agreement.
Banana Island — Africa's Most Exclusive Address
Banana Island is a man-made island in the Lagos Lagoon, consistently ranked as the highest-value residential real estate in Nigeria. Accessed by a dedicated bridge from Ikoyi, the island is a gated, meticulously managed private estate housing diplomats, captains of industry, and global expatriates. Underground utilities, private power, and multiple layers of security make it a wholly self-sufficient community.
