Plaza / complex / mall for sale
Festac, Amuwo Odofin, Lagos
Festival mall festac ("mall") comprises a single-storey high headroom
structure accommodating retail shops of all-world-most famous brands,
food court, club, cinema, its garden, leisure complex and cash-points from some commercial banks.
the footprint of the main structure is positioned on the eastern side of the site and overlooks the festival hotel and residences. commissioned in 2015 to service the demand for modern retail space in the festac town axis. it is notable as the first mixed-use estate development model of its kind in lagos.
the mall has approximately 10,811.72m² of retail lettable area and is home to about 48 businesses offering a wide range of products and services ranging from clothing, food, household items, electronic equipment to gift items, a six-screen cinema and some digital screens and boards which are used for advertisements.
the mall boasts of having a car parking area of not less than 900 parking capacity.
there are two major anchor tenants- shoprite and genesis cinema. the anchors occupy 42.31% rentable space of the mall and with over 95% of the remaining individual spaces occupying less than 10% of the total gla.
note: a financial institution is willing to finance up to 60% of the transaction leaving interested investors with 40% investment of the purchase.
price: n8.5b asking
annual rentals income: over n900m annual.
current occupancy: 93%
for enquires and more information, call or whatsapp on 0808649081...
More details
₦8,500,000,000
Property Expression
08086490816
