Detached Commercial Property
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Property Description
CW08659
This detached commercial property presents an excellent opportunity for restaurant operators, hospitality brands, lounge owners, and investors seeking a prime business location in Victoria Island. Situated within one of Lagos' most vibrant commercial districts, the property offers the visibility, accessibility, and space required for a successful hospitality or entertainment venture.
With a detached layout that allows for operational flexibility and brand customization, the property is well-suited for upscale restaurants, lounges, cafés, and other lifestyle concepts. Its strategic location within Victoria Island provides access to a high-income clientele, corporate professionals, expatriates, and a thriving nightlife and dining scene.
Property Features
Detached Commercial Building
Suitable for Restaurant Operations
Ideal for Lounge and Hospitality Businesses
Prime Victoria Island Location
Excellent Accessibility
High Commercial Visibility
Spacious Layout
Suitable for Brand Customization
Secure Environment
Strong Customer Traffic Potential
Ideal Tenant
This property is ideal for restaurant operators, hospitality groups, lounge owners, entertainment brands, and investors looking to establish or expand their presence in one of Lagos' premier commercial hubs.
Lease Terms
Annual Rent: ₦100,000,000 (Net)
Lease Duration: 10 Years
Payment Structure: 5 Years Payable Upfront, Balance Subject to Review
Additional Fees
Agency Fee: 10%
Legal Fee: 10%
Refundable Deposit: 10%
Rent
₦100,000,000 Per Annum (Net)
Commercial Use
Suitable for Restaurant, Lounge, Hospitality, and Lifestyle Businesses.
For more Information, Pricing and Private Viewings
Please Contact:
Nadi: 09062511345
Lilian: 09062511340
Email: [email protected]
Website: www.cwlagos.com
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Property Details
| Property Ref: 3509036 | Last Updated: 03 Jun 2026 | Market Status: Available |
| Type: Commercial Property |
Interesting Facts
You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.
Victoria Island was once completely surrounded by water until the colonial government sand-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.
Leisure and Shopping
Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.
Popular Estates
1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.
1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.
There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.
Day Life
Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.
Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.
Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.
Night Life
In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.
If you live in Lagos, you have probably heard of Club Quilox. This is one of the hottest clubs in Lagos, and many celebrities frequent it.
Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.
At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.
Schools
If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).
Read the full area guide for Victoria Island (VI), Lagos.
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Disclaimer
The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars.The information is provided and maintained by C W Real Estate. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.
Marketed by
No 1, Towry Close, Idejo Street, Off Adeola Odeku, Victoria Island, Lagos, Nigeria
+234 XXXX Show Phone
+2349062511340
Registered 6 years ago
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