e; color: rgb(0, 0, 0); font-family: Arial; font-size: 14.6667px; white-space: pre-wrap;"> Renting a shop is very critical to your business and in light of this you have to be careful of how much of your working capital goes into shop rent. Before you however make the decision of finally paying to acquire that commercial property, try to consider the following:

Extra costs of maintaining the shop Some people do not properly inquire into these very important things and this may cause issues to arise very soon. You don’t want this because it is capable of affecting the smooth running of your business activities. Ask the real estate agent in charge of the property about other things that you need to pay for asides from the basic rent and agreement costs and probably caution fee. Be sure to ask about the electricity bills and waste disposal system and management. Right to sub lease the shop or commercial space In the eventuality that you have someone who would like to use a portion of your commercial space, are you entitled to let it out? Ask whether you have full rights on how and in what manner the shop space is used. Exclusivity rights This depends on where you are getting this commercial space or shop. You need to know whether the owner of the property is concerned about your business. Will another person with the same or similar business be allowed to open his shop in the same building, assuming it is a shopping complex? Location of the shop in Lekki This has been subtly mentioned earlier. You need to consider proximity to your clients and customers. That you are renting a shop in Lekki is not all there is to renting a shop in a strategic location. You need to be sure of how sales will move. Without a doubt, renting a shop in a place close to the road or any other sweet spots like busy areas etc. is the trick to getting the most out of your business. The probability that this space will cost more than one in a more remotely situated shop is high but yeah, there is always a price to pay. Does your Lekki shop need renovation? This is a very important point to consider because apart from the basic rent, and other charges, you have to be sure of how much you need to spend in total to get your Lekki shop into the best shape you would like it to be. Is the shop dilapidated, is it newly built, is it yet to be completed, is it furnished? These and a few more other factors are what to consider before renting your shop in Lekki. Access to basic amenities and surrounding environmental conditions Be sure of how regular the electricity in that Lekki area is. Will you have to run on generator costs? What about water supply? How good are the roads leading to your spot in Lekki? How easy it is for your customers to reach you? How busy or quiet is the place? Some of your determinant factors to picking the best shop option in Lekki will have a lot to do with the type of business whose shop you are scouting for.

Conclusion

If you are considering renting a shop in Lekki, you need to sit and analyze and consider the pros and cons. It is not the swiftest of steps to take, it needs a good amount of consideration considering the fact that you are in for business and business in Lagos is not just for the most hard working but for the smart. Do your due diligence, be sure of the ownership of the shop you are about to rent, negotiate skillfully and do a thorough survey of the environment before finally making a decision. Honest truth is that no commercial property for lease or short let is perfect. Not even the conditions around it. You just have to weigh options and decide which of the Lekki shop options that you have.

Commercial activities in Lagos seems to be booming and is not expected to halt any time in the near future. Lekki is fast emerging as the most preferred commercial avenue in Lagos state as new property developments continue to spring up in this axis. Renting a commercial property in Lekki and situating your business location here can only be seen as a smart move. A good number of these commercial properties are newly built, a few of them are old or newly renovated.

To rent a commercial property in Lekki, you must consider your budget, the type of property that suits your business as well as the purpose of use. Lekki Phase 1 is the commercial hub of Lekki Peninsula and as such, the majority of the commercial properties for rent in Lekki are found there which range from warehouses to showrooms, halls, office space, stores, shopping malls among others.

The price of renting a commercial property in Lekki range from ?20,000 per sqm to ?2,500,000 per annum depending on the type of property, the size of the property, location as well as the added facilities found within the property.