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192,000,000/year

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Property address

​PID: 4PDKW

Ikeja Lagos

Last updated 2026-03-11 10:15:16.0
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Description

The property comprises a purpose-built open plan commercial building on six floors affording the following accommodation:

1. Ground Floor 130smq
2. First Floor 154smq
3. Second Floor 168smq
4. Third Floor 180smq
5. Fourth Floor 190smq
6. Fifth Floor 206smq

There is an attached warehouse space at the rear of the main building with lettable storage and office space measuring approximately 270smq.

The cumulative letable space in the entire property is approximately 1,298smq.

The property land area is 1200smq. It enjoys excellent road frontage, has good accessibility, and is suitable for use as corporate offices, showrooms, or institutional use.

The facility and services in the property include:

1. Two functional lifts

2. A dedicated transformer

3. 36 functional air conditioners

Proposed Lease Terms and Conditions:

Rent: N160,000 per square meter per annum (asking)

Legal Fee: 10% of total rent

Agency Fee: 10% of total rent

Caution Fee: 5% of total rent

Lease Term: 5 years in the first instance subject to renewal on mutually acceptable terms and conditions.
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Insight for Commercial Property for rent Ikeja Lagos

Average House Price for last month

NGN 0.0

Price Change in last 6 months

NGN -1500000.00 -30.00 %

Historical Price

6 Months Ago

NGN 4.25 million
-30.00

1 year Ago

NGN 4.25 million
-30.00

2 years Ago

NGN 4.17 million
42.86