Commercial Property in Victoria Island
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Overview
An exceptional opportunity to acquire a substantial, income-generating commercial property strategically positioned on a prime corner plot directly facing Water Corporation Road, Oniru.
Sitting on approximately 4,000sqm of land, this commercial edifice offers extensive open spaces, multiple office suites, a luxury penthouse, and ample parking. Its layout and prominent road frontage make it suitable for a wide range of commercial, institutional, and corporate uses.
Property Details
Land Size: 4,000sqm
Location: Water Corporation Road, Oniru, Victoria Island Extension
Property Type: Purpose-built commercial edifice
Position: Prime corner piece with direct road frontage
Building Configuration
Ground Floor
Large open-plan space
Capacity for approximately 700 guests
First Floor
Large open-plan space
Capacity for approximately 700 guests
Combined capacity of approximately 1,400 guests across both floors
Office Spaces
12 office units
All en-suite
Penthouse
6-bedroom luxury penthouse
All bedrooms en-suite
Spacious living room
Parking
Ample parking space for approximately 100 cars
Potential Uses
The property is suitable for a variety of commercial and institutional purposes, including:
Event centre
Church or worship centre
Bank headquarters
Corporate office building
Shopping mall or plaza
Showroom
Title & Documentation
Title: Lagos State Certificate of Occupancy (C of O)
Stated to be free from Federal and State encumbrances
Stated to be free from the regulations and setbacks of the coastal road project
Location Advantages
Prime corner-piece positioning
Direct frontage on Water Corporation Road
High visibility and accessibility
Strategic position along the coastal road corridor
Asking Price
₦10,500,000,000 (₦10.5 Billion)
An outstanding opportunity for investors, corporate organisations, and institutional buyers seeking a sizeable commercial asset in the Oniru–Victoria Island corridor.
Serious enquiries are welcome. Coastal road alignment, setback status, title, and encumbrance claims should be independently verified during due diligence.
