Office Space

To let 125 sqm office space in Victoria Island Direct instruction For lease Location: Victoria Island, Lagos Property details:

• Office space measuring 125 sqm
• Located on the first floor
• Available for inspection
• Expected vacancy date: 1 December 2026

Rental rates:

• 1-year lease: ₦180,000 per sqm per annum
• 2-year lease: ₦170,000 per sqm per annum
• 3-year lease: ₦160,000 per sqm per annum

Service charge deposit:

• ₦30,000 per sqm per annum

Additional fees and deposits:

• Caution deposit: 10% of the rent
• Legal fee: 10% of the rent paid
• Diesel deposit: ₦500,000

Facilities:

• Parking lot
• 24-hour security
• Green area
• Water treatment system

Power arrangement:

• Electricity is charged based on consumption.
• Each office unit has an individual check meter.

Service charge covers:

• Security services
• Cleaning of common areas
• Gardening and maintenance of green areas
• Water treatment services and chemicals
• Generator maintenance
• Borehole servicing
• Garbage collection by lawma
• Maintenance of external and common-area lighting
• Building plumbing and electrical servicing

Rental cost breakdown:

• 1-year lease:
• Annual rent: ₦22,500,000
• Service charge deposit: ₦3,750,000

• 2-year lease:
• Annual rent: ₦21,250,000
• Service charge deposit: ₦3,750,000 per annum

• 3-year lease:
• Annual rent: ₦20,000,000
• Service charge deposit: ₦3,750,000 per annum

Please note that the above figures exclude caution, legal fees, diesel deposit and any other applicable charges. The office space is expected to be vacant by 1 December 2026. Inspections can be arranged. Message us today for further details or to schedule an inspection.