Land for Sale in Pinnock Beach Estate and Pinnock Prime Estate

Land for Sale in Pinnock Beach Estate and Pinnock Prime Estate, Lekki: Full Details with Complete Breakdown and Price List

Overview

Pinnock Beach Estate and its sister development, Pinnock Prime Estate, are prestigious residential estates located in the upscale Osapa London area of Lekki, Lagos, Nigeria. Developed by UACN Property Development Company (UPDC) and its subsidiaries, these estates are renowned for their luxury, security, and prime location along the Lekki Peninsula, offering proximity to the Atlantic Ocean and major business hubs. Pinnock Beach Estate is a fully developed, gated community with beachfront views, while Pinnock Prime Estate is a newer development with modern infrastructure, positioned as a premium site-and-services scheme. This article provides a comprehensive breakdown of land for sale in both estates, including pricing, features, and investment potential.

Location

  • Pinnock Beach Estate:
    • Address: Off Dr. Kennedy Okonkwo Street, Osapa London, Lekki Peninsula II, Lagos (near Femi Okunnu Road, behind Circle Mall Jakande).
    • Neighborhood Highlights:
      • Faces the Atlantic Ocean, offering beachfront views and cool sea breezes.
      • Close to landmarks like Mobil/Eterna Filling Station, Circle Mall (under reconstruction), and Lekki-Epe Expressway.
      • Proximity to schools (e.g., Supreme House Montessori, Nimah International School), health facilities, and entertainment centers.
      • Approximately 15 minutes from Lekki Phase 1 and a short drive from Victoria Island via Castlerock Avenue.
  • Pinnock Prime Estate:
    • Address: Adjacent to Pinnock Beach Estate, off Dr. Kennedy Okonkwo Street, opposite Victoria Bay 2 Estate, Lekki Peninsula II.
    • Neighborhood Highlights:
      • Shares a borderline with Pinnock Beach Estate and is near Western Foreshore Estate.
      • Benefits from the same strategic location with easy access to Lekki-Epe Expressway and premium amenities.

Land Types and Plot Sizes

Both estates offer residential plots suitable for building custom luxury homes or apartment buildings, with varying sizes to accommodate different needs:

  • Pinnock Beach Estate:
    • High-Density Plots: 703 sqm, 799 sqm, 830 sqm, and 960 sqm.
      • Suitable for 6–7 units of apartments per plot.
    • Low-Density Plots: 513 sqm.
      • Ideal for detached houses or 2 units of semi-detached houses.
    • Other Available Sizes: 600 sqm, 800 sqm, 930 sqm, 965 sqm, 1,000 sqm, and up to 2,000 sqm for waterfront plots.
  • Pinnock Prime Estate:
    • Standard Plots: 600 sqm, 800 sqm, and 1,000 sqm.
    • Larger Plots: 1,853 sqm (ideal for high-end residential projects).
    • Plot Typologies: Designed for buyers to build modern homes, with options for apartment developments (5–7 units per plot).

Amenities

Both estates are equipped with state-of-the-art infrastructure to ensure a luxurious and secure living experience:

  • Pinnock Beach Estate:
    • Security: 24/7 gated access, security personnel, CCTV coverage, and perimeter wall fencing.
    • Infrastructure: Asphaltic concrete roads, reinforced concrete U-shaped storm water drainage, streetlights, and efficient waste collection.
    • Utilities: Industrial borehole with water treatment, underground power supply, and sewage treatment plant.
    • Recreational Facilities: Parks, play areas, and potential access to beachfront amenities.
    • Community Features: Well-landscaped environment, sports facilities (e.g., tennis court, gym in some sections), and visitor parking.
  • Pinnock Prime Estate:
    • Security: Fully gated with secure access, gatehouse, and 24/7 security patrols.
    • Infrastructure: Completed road networks, drainage channels, underground power supply with dedicated transformers, and streetlights.
    • Utilities: Industrial borehole with water treatment and storage, sewage treatment plant, and fence lights for enhanced security.
    • Recreational Facilities: Planned parks with play areas, tree-lined streets, and beautiful landscaping.
    • Management: Managed by UPDC Facility Management Company for maintenance and service delivery.

Price List

Pricing for land in both estates varies based on plot size, location within the estate, and market conditions. Below is a detailed price list based on available data as of June 2025 (subject to verification with real estate agents or UPDC):

  • Pinnock Beach Estate:
    • High-Density Plots:
      • 703 sqm: ₦281,200,000 (at ₦400,000 per sqm).
      • 799 sqm: ₦319,600,000.
      • 830 sqm: ₦332,000,000.
      • 960 sqm: ₦384,000,000.
    • Low-Density Plots:
      • 513 sqm: ₦179,550,000 (at ₦350,000 per sqm).
    • Other Plots:
      • 597 sqm: ₦400,000,000 (prime location).
      • 600 sqm: ₦108,000,000 (at ₦180,000 per sqm, older listing).
      • 800 sqm: ₦144,000,000 (at ₦180,000 per sqm, older listing).
      • 930 sqm: ₦425,000,000 (with Certificate of Occupancy).
      • 965 sqm: ₦425,000,000 (with Certificate of Occupancy).
      • 1,000 sqm: ₦400,000,000–₦450,000,000.
      • 2,000 sqm (waterfront): ₦900,000,000.
    • Title Documents: Governor’s Consent, Certificate of Occupancy, and Deed of Assignment.
    • Additional Costs: 10% agency fee, land documentation, and administrative fees (approximately 10%).
  • Pinnock Prime Estate:
    • Standard Plots:
      • 600 sqm: ₦240,000,000 (at ₦400,000 per sqm, off-plan).
      • 800 sqm: ₦320,000,000.
      • 1,000 sqm: ₦400,000,000 (off-plan) or ₦600,000,000 (completed plots).
    • Larger Plots:
      • 1,853 sqm: ₦750,000,000 (gated community, prime location).
    • Payment Plans:
      • Off-plan plots: 50% initial deposit, balance over 6 months.
      • Completed plots: Full payment or negotiated terms.
    • Title Documents: Deed of Assignment with Governor’s Consent.
    • Additional Costs: 10% land documentation and administrative fee.

Note: Prices are indicative and may fluctuate. Contact UPDC or authorized agents (e.g., 17 Three Digital Realtors at 08068958046) for current pricing and availability.

Investment Potential

  • Rental Income:
    • A 2-bedroom apartment in Lekki can fetch ₦3.5 million annually, offering a 30% return on investment for apartment developments.
    • Luxury homes in Pinnock Beach Estate command rents of ₦10 million–₦20 million per year, depending on size and features.
  • Capital Appreciation:
    • Land in Pinnock Beach Estate appreciates rapidly, with potential for 100% increase upon purchase or development.
    • Neighboring estates (e.g., Nicon Town: ₦800,000/sqm, Cowrie Creek: ₦680,000/sqm) indicate strong price growth potential.
    • Pinnock Prime Estate’s conservative pricing (₦400,000/sqm for off-plan) ensures significant appreciation as infrastructure matures.
  • Resale Value:
    • Built properties in Pinnock Beach Estate sell for ₦400 million–₦1.8 billion, reflecting high demand for completed homes.
    • Land flipping can yield substantial profits, especially for waterfront or corner plots.

Comparison with Nearby Estates

  • Victory Park Estate (Osapa London):
    • 462 sqm plot: ₦150,000,000 (Governor’s Consent).
    • Amenities: Similar to Pinnock Beach, including tennis courts and Olympic-sized pool.
  • Hampton Island (Osapa London):
    • 600 sqm plot: ₦240,000,000 (off-plan, ₦400,000/sqm).
    • Features: Lagoon park, boat club, and 24-hour power.
  • Cowrie Creek Estate:
    • Land price: ₦680,000/sqm, higher than Pinnock Prime’s off-plan rates.
    • Comparable luxury and beachfront access.

How to Purchase

  1. Contact Agents or Developer:
    • Reach out to UPDC (www.updcplc.com) or trusted agents like 17 Three Digital Realtors (08068958046) or Fortisa Enterprise Limited (09058173425).
    • Visit property portals like Nigeria Property Centre (nigeriapropertycentre.com) or PropertyPro Nigeria (propertypro.ng).
  2. Site Inspection:
    • Schedule a viewing with a 2-hour minimum notice (8:00 AM–8:00 PM, Monday–Saturday).
    • Verify plot location, size, and infrastructure status.
  3. Due Diligence:
    • Conduct land registry searches to confirm ownership and title status (Governor’s Consent or Certificate of Occupancy).
    • Engage a lawyer to review Deed of Assignment and other documents.
  4. Payment Options:
    • Outright payment for immediate allocation.
    • Installment plans (e.g., 50% initial deposit, balance over 6–18 months) available for off-plan plots in Pinnock Prime Estate.
  5. Documentation:
    • Obtain Governor’s Consent, Certificate of Occupancy, or Deed of Assignment.
    • Pay applicable fees (agency, documentation, and estate levies).

Clarification on Estates

  • Pinnock Beach Estate: A mature, fully developed estate with operational amenities and high occupancy, home to celebrities like Don Jazzy.
  • Pinnock Prime Estate: A newer development with completed infrastructure, ideal for investors seeking early entry into a growing estate.
  • James Pinnock Estate: A separate, older estate nearby, not covered in this article.

Conclusion

Pinnock Beach Estate and Pinnock Prime Estate offer unparalleled opportunities for luxury living and investment in Lekki, Lagos. With prime locations, robust infrastructure, and flexible payment plans, these estates cater to high-net-worth individuals and investors seeking high returns. Land prices range from ₦179.55 million for smaller plots to ₦900 million for waterfront parcels in Pinnock Beach Estate, while Pinnock Prime Estate offers competitive off-plan rates starting at ₦240 million. For accurate pricing and availability, contact UPDC or authorized agents and conduct thorough due diligence before purchasing.

Disclaimer: Prices and availability are subject to change. Verify all details with the developer or licensed real estate agents.

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