1059 Heights Victoria Island —Exclusive 1 & 2‑Bedroom Short-Let Luxury Apartments (Under Construction | Delivery 2026).

Experience Elevated Living at 1059 Heights Victoria Island

1059 Heights Victoria Island Lagos stands as the ultimate short-let investment opportunity in the heart of Nigeria's premier commercial district. Located on prestigious Abagbon Close, off Adeola Odeku, this purpose-built serviced apartment development by Cresco Homes delivers unparalleled access to Victoria Island's corporate headquarters, diplomatic missions, and lifestyle destinations, ensuring year-round occupancy and premium returns.

With construction advanced to the 4th floor and only 6 units remaining (4x 2-bedroom and 2x 3-bedroom), 1059 Heights Victoria Island offers investors reduced development risk while capturing pre-completion pricing in Lagos' most bankable short-let location. Each thoughtfully designed unit (110-115 sqm) combines hospitality-grade specifications with residential comfort, commanding nightly rates that deliver ROI projections of over 30% annually in Victoria Island's thriving corporate accommodation market.

Near other developments like Vista Royale Apartments, Ibeto Heights, The Nexus, and Atlantis Tower, among others

CRITICAL: Only 6 Units Left | Adeola Odeku Prime Location | 2BR ₦400M, 3BR ₦450M | 30%+ Annual ROI

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Key Facts at a Glance – 1059 Heights Victoria Island.

Strategic Position in Lagos' Premier Business District.

Prime Victoria Island Location - The Heart of Corporate Lagos.

1059 Heights Victoria Island apartments Nigeria occupies one of Victoria Island's most coveted addresses on Abagbon Close, just off the prestigious Adeola Odeku Street. This strategic positioning in Lagos' central business district ensures constant demand from executives, consultants, expatriates, and corporate travelers who prioritize proximity to their offices and premium lifestyle amenities.

Unmatched Victoria Island Location Advantages

Walking Distance Landmarks:

• Adeola Odeku Business Corridor - 2 minutes walk
• Ozumba Mbadiwe Avenue - 5 minutes
• Eko Hotel & Conference Centre - 7 minutes
• Landmark Centre - 8 minutes
• Radisson Blu Anchorage Hotel - 5 minutes
• Federal Palace Hotel - 10 minutes

Corporate & Financial Hub:

• Major banks headquarters within 500m radius
• Multinational corporations on Adeola Odeku
• Embassies and diplomatic missions nearby
• International oil & gas companies
• Tech company offices and co-working spaces
• Professional service firms (Big 4 consultancies)

Lifestyle & Entertainment:

• High-end restaurants and cafes on every corner
• Premium lounges and nightlife venues
• Art galleries and cultural centers
• Shopping centers and boutiques
• Fitness centers and wellness spas
• Beach clubs via 10-minute drive

Strategic Connectivity:

• 10 minutes to Ikoyi via Falomo Bridge
• 15 minutes to Lekki Phase 1 via Ozumba Mbadiwe
• 20 minutes to Lagos Island business district
• 30 minutes to Airport via Eko Bridge

This prime luxury residences Victoria Island location guarantees consistent bookings from corporate clients, with VI's serviced apartments maintaining 70-90% occupancy year-round.

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Critical Availability Alert

Last 6 Units in Victoria Island's Hottest Investment

Market Reality: The complete sell-out of 1-bedroom units and a 90%+ absorption rate validate 1059 Heights Victoria Island, Lagos, as VI's most compelling short-let investment opportunity.

Investment Pricing Structure - 1059 Heights prices (verified Dec 16, 2025)

Transparent Pricing for Final Units

Prices vary by level, view and finish. Always request the live price sheet.

Payment Flexibility

Investment Options:

• Outright purchase with discounts
• Structured payment plans
• Corporate acquisition packages
• International buyer support
• Mortgage facilitation assistance

📌 Final pricing varies by floor level and specific unit positioning. Detailed pricing matrix available upon request.

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Exceptional Short-Let Investment Returns.

Victoria Island Performance Projections

Estimated Annual Rental Income (50% Conservative Occupancy)

Capital Appreciation Forecast

Victoria Island Market Dynamics:

• Historical 20-30% annual appreciation
• Land scarcity in VI driving values
• Constant expatriate and corporate demand
• Limited new development opportunities

5-Year Value Projection:

• Entry: ₦400M - ₦450M
• Year 1: ₦500M - ₦585M (25% gain)
• Year 3: ₦650M - ₦760M (65% gain)
• Year 5: ₦900M - ₦1.05B (125% gain)

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Purpose-Built Short-Let Excellence.

Hospitality-Grade Features at 1059 Heights Victoria Island

1059 Heights Victoria Island designed every aspect for optimal short-let performance:

Apartment Specifications

Site Layout.

2-Bedroom Units (110-115 sqm):

• Spacious living and dining area
• Open-plan modern kitchen
• Guest toilet for privacy
• Two ensuite bedrooms
• Built-in storage solutions
• Cross-ventilation design
• Balcony options on select floors

3-Bedroom Units:

• Expanded entertainment spaces
• Three ensuite bedrooms
• Family/team accommodation ready
• Home office possibilities
• Corner unit advantages
• Premium views of Victoria Island

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World-Class Building Amenities

Lifestyle Features:

• Swimming Pool - Rooftop/ground level oasis
• Fully Equipped Gym - State-of-the-art equipment
• Elevator Access - Multiple high-speed lifts
• Reception Area - Concierge-ready lobby
• Business Lounge - Work-from-hotel facilities

Infrastructure Excellence:

• 24/7 Power Supply - Zero downtime
• Treated Water System - Consistent quality
• Secure Parking - Adequate dedicated spaces
• Fiber Optic Internet - High-speed connectivity
• Backup Systems - Triple redundancy

Security & Management:

• CCTV Surveillance - Complete coverage
• Controlled Access - Biometric systems
• 24/7 Security - Professional personnel
• Facility Management - Hospitality standards
• Emergency Protocols - Safety first

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Frequently Asked Questions.

Essential Information About 1059 Heights Victoria Island

Q1: Where exactly is 1059 Heights located in Victoria Island? A: 1059 Heights is prestigiously located on Abagbon Close, off Adeola Odeku Street, in the heart of Victoria Island's commercial district. This prime location is walking distance from major banks, multinational offices, Eko Hotel, and Landmark Centre.

Q2: Who is Cresco Homes? A: Cresco Homes is a reputable Lagos-based developer specializing in premium residential and commercial properties in prime locations across Victoria Island, Ikoyi, and Lekki, with a focus on investment-grade developments.

Q3: Why are 1-bedroom apartments completely sold out? A: The 1-bedroom units sold out immediately due to their lower entry price point and exceptional ROI potential. Their complete absorption validates the investment opportunity and location strength.

Q4: What makes 1059 Heights Victoria Island ideal for short-let investment? A: Purpose-built design for hospitality, Victoria Island's premier location on Adeola Odeku axis, walking distance to 500+ corporate offices, hotel-grade amenities, and professional management options create optimal short-let conditions.

Q5: What is the current construction progress? A: Construction has reached the 4th floor, providing tangible evidence of progress and significantly reducing delivery risk while maintaining pre-completion investment pricing advantages.

Q6: Can international investors purchase units? A: Yes, 1059 Heights welcomes international investors with full support for documentation, currency transfers, and remote transaction completion. Many buyers are diaspora Nigerians seeking Lagos investment exposure.

Q7: What are the expected returns on investment? A: Conservative projections show 15-30%+ annual ROI from rental income based on 50% occupancy. Victoria Island's premium location typically achieves 70%+ occupancy, potentially doubling these returns.

Q8: How does the short-let management work? A: Optional professional management handles everything: guest bookings, check-ins, housekeeping, maintenance, and monthly revenue distribution, enabling completely passive income generation.

Q9: What happens to my investment if I need to exit? A: Victoria Island properties have high liquidity. Units can be resold or reassigned with developer cooperation. The limited supply and premium location ensure strong resale values.

Q10: Are there competitor projects in the area? A: While Victoria Island has other developments, 1059 Heights' specific location on Abagbon Close off Adeola Odeku, purpose-built short-let design, and current pricing create a unique investment proposition.

Q11: What documents come with the purchase? A: Complete documentation as contained in project specifications, including purchase agreement, payment receipts, allocation letter, and all necessary title documents for secure ownership.

Q12: Why invest now with only 6 units remaining? A: Scarcity drives value. With 90%+ sold and construction progressing, these final units represent the last opportunity for pre-completion pricing before inevitable appreciation at handover.