This spacious 5-bedroom commercial property with a BQ sits on a large, well-positioned compound in Lekki Phase 1. The property requires extensive renovation but offers businesses the opportunity to transform a substantial space to suit their specific operational needs, with a renovation concession provided by the landlord.

Property Features
5-bedroom commercial house
Boys’ Quarter (BQ)
Very large compound
Well-positioned location
Suitable for commercial use
Requires extensive renovation
Flexible renovation arrangement with the landlord

Ideal For
Ideal for corporate offices, schools, hospitality businesses, clinics, NGOs, and other organisations seeking a large commercial property that can be customised to their operational requirements.

Rental & Renovation Details
💰 Gross Annual Rent: ₦30,000,000
🎁 Renovation Concession: ₦15,000,000
💰 Effective First-Year Rent: ₦15,000,000

Other Charges:
Agency Fee: 10% of ₦30M — ₦3,000,000

The landlord’s ₦15M renovation concession effectively reduces the first-year rent payable to ₦15M, subject to the agreed renovation arrangement.