1800sqm Of Mid-sized Warehouse

FOR LEASE- SEE VIDEO ABOVE
Prime 1,800 sqm Warehouse for Lease ---
Warewa (Lagos--Ibadan Expressway, Before Long Bridge after Arepo Bus Stop)
₦30,000 / sqm

Quick summary

- Location: Warewa --- along Lagos--Ibadan Expressway (coming to Lagos), before the long bridge and after Arepo Bus Stop
- Size: 1,900 sqm (contiguous)
- Lease rate: ₦30,000 per sqm per annum
- Availability: Immediate --- ideal for logistics, distribution, light industrial, 3PL or FMCG storage
- Other statutory payments: Agency 10% - Legal 10% - Caution 10%

Annual rent & indicative commencement costs

- Annual rent: 1,800 sqm × ₦30,000/sqm = ₦57,000,000 per year
- Agency fee (10%): ₦5,700,000
- Legal fee (10%): ₦5,700,000
- Caution (security deposit) (10%): ₦5,700,000
- Example total due on commencement (first year + fees/deposit): ₦74,100,000 (exclusive of VAT and any agreed fit‑out or utility connection charges)

Location & accessibility

- Strategic expressway frontage on the Lagos--Ibadan corridor with efficient haulage routes to Lagos, Ogun and western markets.
- Positioned before the long bridge after Arepo Bus Stop --- straightforward access for articulated trucks and delivery fleets.
- High visibility and convenient for last‑mile distribution into Lagos metropolitan areas.

Property highlights & suitability

- Contiguous 1,800 sqm floorplate suitable for single‑tenant or multi‑bay tenancy (subject to landlord approval).
- Ideal uses: regional warehousing, distribution hub, 3PL operations, light assembly, cold‑chain conversion (tenant fit‑out required).
- External yard/forecourt potential for loading/unloading and vehicle movement --- site inspection will confirm exact yard layout.
- Rapid mobilisation opportunity for tenants requiring immediate operational space on a prime corridor.

Services, fit‑out & technical notes

- Utility capacities (power, water) and specific structural details to be confirmed on inspection.
- Tenant fit‑out options (racking, mezzanine, sprinklers, office build‑out, cold store installation) can be negotiated and implemented prior to occupation subject to lease terms and technical approval.
- Landlord supportive of reasonable, compliant fit‑out works and will provide necessary access for contractors upon agreed terms.

Lease terms & commercial conditions

- Lease rate: ₦30,000/sqm/annum (as quoted) --- subject to formal offer and contract.
- Lease term: Negotiable (typical industrial leases 2+ years); landlord open to medium/long term arrangements for qualified tenants.
- Statutory fees: Agency 10%, Legal 10%, Caution 10% (payable on commencement); VAT may apply where relevant.
- Maintenance & utilities: Tenant responsible for internal fit‑out and utilities; external common area maintenance and security responsibilities to be agreed in the lease.

Due diligence & viewing process

- Site inspections strictly by appointment. Prospective tenants to provide corporate profile and proof of funds or bank reference for site booking.
- On inspection, landlord will provide site plan, boundary verification and any available structural/technical information.
- Formal lease offer progressed on receipt of deposit and execution of heads of terms, followed by legal documentation.

Recommended tenant profile

- National/regional logistics & distribution companies
- FMCG wholesalers and importers requiring expressway access
- 3PL operators, light manufacturers and fulfilment providers

Next steps

- To schedule a site inspection or request the site plan and formal leasing terms, submit an expression of interest with proof of funds or a bank reference. Qualified parties will be issued the full data pack and invited for an on‑site walkthrough.

Note
All figures and details provided are indicative and subject to verification. Prospective tenants must undertake independent technical, legal and commercial due diligence. Lease offers and availability are subject to contract.

Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
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