Bungalow On 658sqm Of Prime Land On Offer In Strategic Location

To Lease --- REQUEST VIDEO
Bungalow on 658 sqm Land ---
Ishaga (Via LUTH)
10‑Year Lease
(5‑Year Option)
₦10,000,000 p.a.

Overview: Hot opportunity for lease in the Ishaga / LUTH corridor --- a neat bungalow sited on approximately 658 sqm of land available for lease. The owner seeks a 10‑year lease (preferred) but will consider a 5‑year lease subject to full upfront payment. Priced at ₦10,000,000 per annum, this property is ideal for corporate clients, NGOs, medical outreach, small schools, clinics, guest housing or an executive residence requiring immediate occupation in a high‑access location.

Property summary

- Property type: Bungalow on single plot
- Land size: c. 658 sqm
- Location: Ishaga, via LUTH (close to Lagos University Teaching Hospital) --- convenient access to Mainland and Island corridors
- Lease term: 10 years preferred; 5 years considered on first‑payment (upfront)
- Rent: ₦10,000,000 per annum (Ten million Naira)
- Availability: Immediate --- viewings by appointment

Key features & benefits

- Practical bungalow layout suitable for conversion to office, clinic, boutique school, corporate housing or staff accommodation
- Generous compound on a 658 sqm plot --- space for parking, landscaping or light extensions (subject to landlord consent)
- Secure location with easy access to LUTH, public transport and major arterial roads --- ideal for operations requiring proximity to the hospital or central Lagos links
- Attractive lease flexibility: longer‑term security for operators, but short(er) term available with immediate settlement option
- Competitive annual rental for the LUTH/Ishaga micro‑market

Suitable uses (examples)

- Corporate office / branch for NGOs or medical associations
- Medical clinic, diagnostic or specialist outpatient facility (confirm regulatory approvals as required)
- Small private school, nursery or training centre (subject to planning and approvals)
- Executive guest house or staff housing for organisations operating near LUTH
- Showroom or light commercial use where permitted

Lease & commercial terms (indicative)

- Rent: ₦10,000,000 per annum --- payable per lease agreement schedule (annual/quarterly as agreed)
- Lease length: 10 years preferred; 5 years possible where full payment is made on commencement
- Security deposit: Typically required (negotiable)
- Rent review: To be agreed in lease (market‑aligned reviews recommended)
- Repairs & maintenance: Tenant responsible for internal repairs; landlord responsible for structural (detailed in lease)
- Change of use: Tenant must obtain necessary approvals for regulated uses (medical, educational, etc.) and secure landlord consent for structural alterations

Viewing & application process

- Viewings: By appointment only for qualified tenants. Please provide company profile (if corporate), intended use and proof of funds prior to inspection.
- To apply: Submit an expression of interest (EOI) with tenant details and preferred lease term. On qualification, the landlord will issue a draft lease and reservation terms.
- Documentation: Tenants will be required to complete standard KYC; corporate tenants to provide RC documents and bank reference.

Contact / Next steps
To arrange a viewing, request further details or submit an EOI, contact:

[Agent / Landlord Name]Phone: [Insert phone number]Email: [Insert email address]

Notes & disclaimers

- All information is provided in good faith and subject to verification. Final lease terms, approvals and pricing will be set out in the formal lease agreement.
- Any intended changes of use (medical, educational, etc.) are subject to regulatory approvals and landlord consent.

Ref: Mayowa