IHAIL presents a rare opportunity to acquire a strategically positioned landholding within the Apapa port corridor, one of Nigeria’s most commercially significant logistics zones in Lagos.
Located on Marine Road, this asset offers immediate accessibility, substantial land area, and strong redevelopment potential within a supply-constrained industrial district.
This is not a lifestyle acquisition — it is a positioning play within a critical trade infrastructure environment.
Property Snapshot
Location: 53A & 53B Marine Road, Apapa, Lagos
Land Size: 4,752.61 sqm
Title: 90-year lease (commenced July 1, 1956)
Current Use: Low-density residential structures (convertible)
Occupancy: Currently tenanted (vacant possession achievable upon sale)
Apapa functions as Nigeria’s primary maritime gateway, handling a significant portion of the country’s import and export activity.
Assets within this corridor benefit from:
The current site configuration reflects low-density usage relative to location value.
This creates a clear opportunity for:
Given its location and access characteristics, the asset is well-suited for:
The property benefits from:
In port environments, access is value — and this asset demonstrates baseline viability.
Apapa presents:
This positions the asset within a scarcity-driven pricing environment.
An incoming investor may unlock value through:
The property is currently under lease to a corporate tenant.
However:
The tenant has indicated willingness to vacate upon sale, subject to agreed compensation.
This allows for:
The asset is held under a registered leasehold interest.
As with similar legacy titles within Lagos, investors typically evaluate:
This is a standard consideration in the market and can be addressed during due diligence.
The property is offered within a range of:
₦3.8 Billion – ₦4.27 Billion
This reflects:
This opportunity should be viewed as:
An entry position into Lagos’ port-driven commercial ecosystem
— rather than a static real estate acquisition.
