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Location
Amenities/Services
Added Amenities
Annual Rent (N)
Annual Service
Charge (N)
Agency Fee,
5% (N)
Agreement
Fee, 5% (N)
Caution Fee,
10% (N)
Total Amount
Payable for 2 Yrs
Rent
PP06
50.46
2nd Floor Back
2 # toilets, 1# kitchen
3,500,000.00 1,300,000.00
175,000.00 175,000.00 350,000.00 10,300,000
PP05
78.87
2nd Floor Front
3 # toilets, 1# kitchen
5,000,000.00 1,300,000.00
250,000.00 250,000.00 500,000.00 13,600,000
PP01
56.16
Ground Floor Front
2 # toilets
5,000,000.00 1,300,000.00
250,000.00 250,000.00 500,000.00 13,600,000
PP02
60.24
Ground Floor Back
2 # toilets
5,000,000.00 1,400,000.00
250,000.00 250,000.00 500,000.00 13,800,000
PP03
67.45
1st Floor Front
2 # toilets
5,000,000.00 1,300,000.00
250,000.00 250,000.00 500,000.00 13,600,000
PP04
73.78
1st Floor Back
2 # toilets
5,000,000.00 1,300,000.00
250,000.00 250,000.00 500,000.00 13,600,000
Rental Terms
* 2 -3 years upfront rent payment
* 10% Caution Fee
* 5% legal Fee
* 5% Agreement Fee
* Each shop/office has dedicated PHCN Meter and 10kva Inverter with 30kwhr Lithium Battery ( No need for a tenant to buy a Generator)
* Power Supply from the Inverter is metered at a higher rate than PHCN supply but much cheaper than cost of running a generator
* Central Back Up Diesel Gen is also available. However, a tenant may be allowed to install its own Diesel Gen based on space availability
Service Charge Breakdown Per Unit
Qty
Unit Cost/Month
Total Cost/Month
Total Cost/Annum
Annual Service
Charge Per Unit
(N)
Salary for Uniform Security Guards (2 /shift)
4
87500
350,000.00 4,200,000.00 700,000.00
Salary for Cleaners
2
60000
120,000.00 1,440,000.00 240,000.00
Maintenance Personnel
1
80000
80,000.00 960,000.00 160,000.00
General Utilities Light & Water ( 50% surcharge for Laundry Shop)
1
100000
100,000.00 1,200,000.00 200,000.00
8
650,000.00 7,800,000.00
Annual Service Charge Per Unit
1,300,000.00
Fibre Internet (Optional, Not included in total rent)
1
10000
10,000.00 120,000.00 120,000.00
| Property Ref: 3343431 | Last Updated: 15 Feb 2026 | Market Status: Available |
| Type: Plaza / Complex / Mall |
Ketu is one of the largest markets in Nigeria's commercial capital, Lagos. The city dates back to a settlement founded by Ododuwa, considered the founder of the Yoruba language. Mile 12 market has a disproportionately high concentration of traders from various ethnic groups.
Ketu is an open-space market with a well-organized structure and a diverse selection of stores, shops, and shopping malls. Ketu sells a wide variety of goods, including groceries, household items, toiletries, assorted drinks, cosmetics, and so on. It truly is one of the best options for just about anything you might be looking for. Ketu is an open space market with a well-organized structure and a diverse selection of stores, shops, and shopping malls. Ketu sells a wide variety of goods, including groceries, household items, toiletries, assorted drinks, cosmetics, and so on. It truly is one of the best options for just about anything you might be looking for.
The area is known for its serene, quiet and secluded environment as well as its high level of security. There are plenty of standard estates in the area including Apollo, Agboyi and Wellignton.
Ketu is well-known for its bustling markets, but it also has a number of pleasant spots where you can relax and enjoy yourself. Ziggies entertainment centre is a one-stop shop for all of your entertainment and relaxation needs. Mome's Place is a restaurant that serves delicious meals such as fish, pepper soup, and other such dishes.
"Movardo Lounge" is a great place to hang out during the day and an exciting club for ballers at night. Q Bar is a pleasant and entertaining nighttime destination. The Kaks bar and carwash, Iya Kwara bar, Backroom Cafe, and Lakamura bar are all popular nightlife destinations.
Crown Jewel School is a co-educational primary and secondary school that is open to all children. Tee-Tops nursery and primary school follow the curricula of both the British and Nigerian governments. Topspring schools, Monikab school, Saints Haven school, Amplified school, and other similar institutions are examples.
Read the full area guide for Ketu, Lagos.
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