500 SQM Office Space

Property Details Location: Ikeja, Lagos Property Type: Office Space Office Size: 500 SQM Annual Rent: ₦80 Million Lease Term: 5 Years Transaction: Lease Zahari View This 500 SQM office space is available for lease in Ikeja, Lagos, offering a substantial commercial floor area for businesses looking for office accommodation within the Ikeja business district. With a total office size of 500 SQM and a proposed lease term of five years, the property may be suitable for companies that require a sizeable workspace for their operations and prefer a longer-term occupancy arrangement. Prospective tenants should assess the space in relation to their operational requirements, including office layout, accessibility, parking, power supply, building facilities, service charges, and other applicable costs before proceeding. Property Highlights 500 SQM office space Located in Ikeja, Lagos Annual rent of ₦80 Million Five-year lease term Suitable for businesses requiring substantial office space Commercial property within Ikeja Why This Property Deserves Attention The size of the premises provides room for businesses that require more than a conventional office unit. A five-year lease structure may also provide a defined occupancy period for an organisation planning its operations around a longer-term office location. However, prospective tenants should consider the total cost of occupancy beyond the stated annual rent, including service charges, utilities, agency or legal fees, fit-out costs, and any other applicable obligations. Tenant's Perspective Before committing to the lease, prospective tenants should independently verify: Exact office floor and usable floor area Current condition of the premises Building access and parking arrangements Electricity and backup power arrangements Water and other essential utilities Security and building management Service and maintenance charges Permitted commercial use Lease terms and renewal conditions Agency, legal and other transaction-related fees Fit-out and alteration requirements Investment & Business Considerations For a business considering a five-year lease, the decision should be evaluated based on the company's operational needs, location requirements, staff capacity, customer accessibility, and total occupancy cost. The stated rent is ₦80 Million per annum, meaning the base rent over five years would amount to ₦400 Million, excluding service charges, utilities, professional fees, taxes, fit-out expenses and other applicable costs. Prospective tenants should review the complete financial obligations before entering into the lease agreement. Tenant Note Interested businesses are advised to inspect the property, confirm the exact office size and condition, review all applicable charges, and engage appropriate legal and professional advisers before committing to the transaction. Documentation All lease documentation, ownership or authority to lease, permitted use, lease terms, applicable fees and other relevant property information should be independently verified before payment or execution of any agreement. Property Intelligence Beyond the Listing The suitability of an office space is not determined by size alone. Businesses should assess how the premises will support their daily operations, staff requirements, client visits, parking needs, branding, internal layout and long-term occupancy plans. A physical inspection and review of the complete lease terms are therefore recommended before making a commitment. Annual Rent ₦80 Million per annum Lease Term: 5 Years For Enquiries & Inspections +234 907 301 3359 www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information provided is based on the available listing details. Prospective tenants should independently verify the office size, condition, lease terms, permitted use, ownership or authority to lease, fees, facilities and all other relevant information before proceeding with the transaction.