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Commercial Space

Victoria Island (VI), Lagos
₦40,000,000 per annum
#374-027-8 Advertiser ref: CW11514 22 Oct 2026 Added today
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Shop Property type
Serviced Service

About this property

"An excellent opportunity to secure a premium, road-facing commercial space in the highly sought-after Oniru district of Victoria Island. This fully serviced ground-floor property offers 100sqm of commercial space, with the flexibility to lease either the entire floor or a 50sqm portion. The space is already partitioned into shop units, providing a convenient setup for businesses seeking a strategic location with excellent road visibility. With 24-hour electricity and an established commercial environment, the property offers an attractive setting for businesses looking to establish or expand their presence in Victoria Island. Property Features Entire Ground Floor: 100sqm Half Ground Floor Option: 50sqm Prime Road-Facing Location Existing Shop Units Fully Serviced Commercial Property 24-Hour Power Supply Excellent Business Visibility Suitable for Various Commercial Uses Operating Hours Days: Monday -- Saturday Time: 9:00 AM -- 9:00 PM Rental Details Option 1: Entire Ground Floor (100sqm) Annual Rent: ₦40,000,000 Option 2: Half Ground Floor (50sqm) Annual Rent: ₦20,000,000 Additional Charges Service Charge Deposit: ₦2,500,000 (intended to cover approximately 6 months' usage) Agency Fee: 10% of Annual Rent Legal Fee: 10% of Annual Rent Caution Fee: 5% of Annual Rent Estimated Initial Payment 100sqm Option Rent: ₦40,000,000 Agency: ₦4,000,000 Legal: ₦4,000,000 Caution: ₦2,000,000 Service Charge Deposit: ₦2,500,000 Total: ₦52,500,000 50sqm Option Rent: ₦20,000,000 Agency: ₦2,000,000 Legal: ₦2,000,000 Caution: ₦1,000,000 Service Charge Deposit: ₦2,500,000 Total: ₦27,500,000 For more Information, Pricing and Private Viewings Please Contact: Itohan: 0803 678 3187 Lilian: 09062511340 Email: [email protected] We are Social! Check out other Fantastic Premium Listings on our Social Media Platforms IG: @cwrelagos Twitter: @cwrelagos Facebook: @cwrealestate"

Property details

Reference ID #374-027-8
Advertiser reference CW11514
Listed by C W Real Estate
Property type Shop
Listing status Shop for rent

Area guide — Victoria Island (VI)

Lagos

Interesting Facts

You might be wondering if Victoria Island is an actual island based on its name. No, it is not right now, but it used to be.Victoria Island was once completely surrounded by water until the colonial government sand-fille...

Leisure and Shopping

Victoria Island is home to the SPAR shopping mall, which is a one-stop shop for all of your retail needs. Goodies Supermarket is another well-stocked supermarket that sells a wide variety of items such as beverages, cosm...

Popular Estates

1004 Estate, the current largest single luxury high rise estate in Sub-Saharan Africa, is located on Victoria Island.1004 Housing Estate is an 11-hectare housing estate with over 1000 apartments that was originally owned...

Day Life

Known for being an entertainment hub, Victoria Island has numerous places to hang out, eat, chill and have a great time.Silverbird and Filmhouse cinemas are recommended for moviegoers. Oniru Beach, located on Victoria Is...

Night Life

In Victoria Island, the night is always young. Get your dancing shoes on and choose from any of the bubbling spots to experience the nightlife here.If you live in Lagos, you have probably heard of Club Quilox. This is on...

Schools

If you live on Victoria Island, you will not have to look far for good schools. American International School of Lagos is an international school that serves students from preschool to grade 12. Boston Academy, Crescent...

Read the full area guide for Victoria Island (VI), Lagos

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