Commercial 4 Units Of 4bedroom Terrace Duplex
Victoria Island Lagos
₦ 130,000,000/year
10 bedroom Commercial Property For Rent Victoria Island Lagos
- 10
- 10
- 10
PID: 8PCLAF
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Property Detail
- Property Type Commercial Property
- Added 27 Feb 2025
- Updated 28 Mar 2025
Description
10 bedroom Commercial Property For Rent Victoria Island Lagos renting for ₦130,000,000/year. See property details on PrivateProperty.ng or browse all our range of properties in Victoria Island Victoria Island Lagos
*Semi Direct* ‼️‼️‼️Restructured Commercial Terraces for Lease in Oniru, Victoria Island
*Location*
Oniru, Victoria Island
*Property Details*
- 4 units of restructured commercial terraces
- 1300 square meters of land
- Formerly used as a hostel
- Suitable for various commercial activities
Iñspection fee is 15k
*Lease Terms*
- *Lease Duration:* 10 years
- *Payment Terms:* 5 years upfront payment
- *Rental Prices:*
- Year 1-2: ₦60,000,000 per annum (₦15,000,000 per unit)
- Year 3-5: ₦72,000,000 per annum (₦18,000,000 per unit)
- *Total Upfront Payment:* ₦336,000,000
*Additional Fees*
- *Legal Fee:* 10% of gross rental value
- *Agency Fee:* 10% of gross rental value
*Important Notes*
- Property is leased "as is"
- Tenant/occupant responsible for handling the property
- Market prevailing rate will apply after 5 years
See more description
