Where do the “big boys” live on Lagos Mainland is a question you may want to ask? If an answer where to be given, it will most probably be in Ogudu GRA, Magodo GRA, Ikeja GRA or Omole Phase 1&2. The reasons for these answers are not farfetched; this are the most known high-end estates in Lagos Mainland. They are also the most talked about estates on the Mainland. But are they the only estates where you can find the super-rich on the Mainland? No! There are estates on the Mainland with higher property price tags that these other popular ones. Here are some of the “big boy” estates on the Mainland you hardly ever hear about.
OKUPE ESTATE
Located close to the Maryland tunnel when approaching from Anthony Village and a few minutes away from the newly constructed Maryland Shopping Mall, Okupe Estate is one of the less known high-end estates on the Mainland. Although, the reason behind its name is not known, facilities within Okupe Estate are top-notch. Well laid road network, security, street lights, functional drainage channels are some of the features that make Okupe Estate one of the most livable on the Mainland. The estate is almost fully developed and as a result it is almost impossible to find vacant plots within the estate; however houses in the estate comes in a range of mostly duplexes and detached houses with only a few block of flats and bungalows. A 4bedroom duplex depending on the size currently sells for between N100million-N120million, while a 5bedroom detached house sell for between N170million-N200million depending on the size and quality of finishing. Plots like I said earlier are rare to find but with some luck in the tertiary market sell for between N70million-N90million.
SHONIBARE ESTATE
The estate is named after a respected Ijebu indigene, astute business man and renowned political stalwart of the defunct Action Group, Chief Samuel Olatubosun Shonibare who was one of the major players in Western Nigeria during the transition from British rule to self-rule. As Chairman, Shonny Investments and Properties Limited, he built the famous Shonibare Estate in Lagos. Shonibare Estate in Maryland with its tree-line streets and quiet ambience, quite rightly deserves its tag of ‘Ikoyi’ of the Mainland. If possible, it is even possible to argue that it is more ‘Ikoyi’ than Ikoyi itself as the real estate location has now being defaced by all sorts of commercial activities and high rise buildings.
Shonibare Estate, however, has maintained its residential characteristics and though it is close to the commercial hot spots of Ikeja and Maryland, has remained a first class place to live. Shonibare Estate is located along Mobolaji Bank-Anthony Way a few minutes’ drive away from Sheraton Hotel. It is a choice real estate location for top business executives who do not want to stay from the Muritala Mohammed International Airport. Most expatriates working in Lagos also live in the gated estate because it enjoys a measure of security, good roads and drainage system. So what does it cost to rent accommodation or buy a property in Shonibare Estate? In this estate you can find detached houses, duplexes, terrace houses with various facilities such as swimming pool, gym etc. Serviced apartments are also available in Shonibare Estate. For prospective Shonibare Estate landlords, a review of property prices in the estate show that a 4bedroom duplex sells for an average of between N170million-N200million and a 5bedroom detached house sells for between N250million-N300million. A 3bedroom apartment in the estate sells for an average of between N120million-N150million. It must however be noted that the prices quoted here are for properties with basic finishing as those with super luxury kind of finishing could command higher prices.
G-CAPPA ESTATE
As the name implies, the estate was named after G. Cappa PLC one of Nigeria’s leading Building and Civil Engineering Construction Company. The company’s diverse area of experience and expertise ranges from infrastructure to high-rise constructions you find in most parts of Victoria Island and Ikoyi. G-Cappa Estate is located along Bank-Anthony Way a few minutes from the Maryland Bus Stop. Infrastructure in the estate is almost second to none and the reasons may not be farfetched as they were put together by a construction giant of repute. The roads within the estate are well laid with ample drainage systems, street lights adorn the streets while security is provided as the entire estate’s perimeter is fully fenced. For potential G-Cappa Landlords, a 5bedroom duplex in the estate sells for between N150million-N200million, while a 5bedroom detached house sells for between N200million-N300million depending on the size and value of finishing.
ISMAIL ESTATE
Quietly nestled between Onigbongbo, Ikorodu Road and Maryland Bus Stop, Ismail Estate is one of the estate that hardly comes to the news or even the property market. Small and exclusive, Ismail Estate is one of the estates where you find Lagos “big boys” who treasure quiet living and don’t really want to be in the news. A real estate developer once referred to it as the “coded estate for the big boys in Lagos”. Developments within the estate comes in a mix of duplexes, block of flats, detached houses and bungalows. 5bedroom duplex sells for between N150million-N200million, 5bedroom detached house sells for between N250million-N300million, while a 3bedroom flat sells for between N80million-N100million. Size and quality of finishing plays a key role on pricing within the estate.
OJODU ESTATE
For Omole Phase 1 Estate, Ojodu would easily pass as the most expensive estate in the Ojodu-Berger-Ogba axis. Easily accessible from Grammar School Bus Stop, Ojodu Estate comes small but highly exclusive. Roads in the estate are of the highest grade and security is top-notch. Houses in Ojodu Estate comes in a mix of mostly duplexes and detached houses. A review of property prices in the estate shows that a 5bedroom duplex sells for between N80million-N100million and 5 bedroom detached houses sells for between N120million-N150million. Plots within the estate which are also extremely difficult to get sells for between N50million-N60million.
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