Nigeria Property Centre

Restaurant / bar for rent

Lounge and Open Bar Space

Magodo Road, Isheri, Lagos
₦20,000,000 per annum
#365-225-9 1 Sep 2026 Added today
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1 Bedrooms
2 Bathrooms
2 Toilets
Restaurant / Property type

About this property

Lounge & open bar space for rent -- prime magodo-isheri location, MY direct brief An exciting opportunity to establish your lounge, bar, restaurant, or entertainment business in a strategically located commercial space on the main road in Magodo-Isheri. The property offers a spacious combination of indoor and outdoor areas, providing the flexibility to create a vibrant lounge, open bar, restaurant, event venue, or nightlife destination. Property Features

  • Spacious Outdoor Area -- Accommodates approximately 70--100 guests, depending on seating arrangement. Perfect for an open bar, outdoor lounge, dining, entertainment, and events.
  • Indoor Lounge Space -- Comfortably accommodates approximately 60--80 guests, depending on layout and arrangement.
  • Kitchen Space -- Dedicated kitchen area suitable for food preparation and catering operations.
  • Storage Area -- Convenient space for beverages, food supplies, equipment, and other operational needs.
  • Staff Room -- Dedicated room available for staff use.
  • Excellent Visibility & Accessibility -- Strategically positioned directly on the main road in Magodo-Isheri, offering strong visibility and easy access for customers.

With a combined potential capacity of approximately 130--180 guests, this property presents an excellent opportunity for entrepreneurs and established hospitality brands looking for a spacious and versatile location. Ideal for:

  • Lounge
  • Open Bar
  • Restaurant
  • Sports Bar
  • Events
  • Private Parties
  • Entertainment Venue

Rent annual 20m u can pay 2yrs to 3yrs slightly come down 15m for long lease Location: Magodo-Isheri, Lagos -- Main Road A prime location. Generous space. Endless possibilities.

Property details

Reference ID #365-225-9
Listed by Nnendu Homes & Properties Limited
Property type Restaurant / Bar
Listing status Restaurant / bar for rent
Bedrooms 1
Bathrooms 2
Toilets 2

Area guide — Isheri

Lagos

Interesting Facts

One of the most striking features of Isheri is that it is an inter-state neighbourhood, which means that some portions of it are in Lagos and others are in Ogun State. Channels Television, the country's most popular news...

Leisure and Shopping

Markets and supermarkets in Isheri are well stocked with food, household goods, and groceries. OPIC Maingate Market, Adiba Supermarket, MQ Stores, and Shoppers Express Supermarket are just a few examples.

Popular Estates

Isheri estates are noted for their peace and peacefulness. Opic Estate, Lonex Gardens, MTR Gardens, and Gateway Zone Estate are just a few of the fantastic residential estates that will provide you with good value for yo...

Day Life

Isheri offers a couple of restaurants and spas that you can visit to make your day trip worthwhile and restful. Iya Amala Canteen serves local cuisine, Chicken Republic is a great place to go for crispy chicken; Spa Revi...

Night Life

The fantastic nightlife of Isheri may be credited to the several pubs and clubs located around the area. The Paradox Bar, Orlaz Grillz and Lounge, Rilemal Lounge, and Mass Bar Lounge are notable places to begin with.

Schools

Children's schools in Isheri are among the best in the state, moulding children into tomorrow's successful leaders. Riverside Schools, Tender Care International Schools, Lordan Schools, Slegg Flourish Schools, Dee Unique...

Read the full area guide for Isheri, Lagos

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