50 SQM Office Space in Victoria Island
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Overview
A 50-square-metre office space available for lease in Victoria Island, Lagos. The space is suitable for businesses seeking a professional office location within a prime commercial district.
Rental and Payment Breakdown
Description Amount
Annual Rent (₦150,000 × 50 sqm) ₦7,500,000
Rent for 2 Years ₦15,000,000
Service Charge (₦30,000 × 50 sqm, 1 year) ₦1,500,000
Power Deposit (₦20,000 × 50 sqm) ₦1,000,000
Refundable Caution Deposit ₦500,000
Agency Fee (10% of rent) ₦1,500,000
Legal Fee (10% of rent) ₦1,500,000
Grand Total ₦21,000,000
Key Lease Details
- Location: Victoria Island, Lagos
- Office Size: 50 sqm
- Annual Rent: ₦7,500,000
- Lease Term: 2 years
- Total Initial Payment: ₦21,000,000
Note: The total above includes one year of service charge, as provided in the breakdown.
