1-Bedroom Mini Flat

Property Details Location: Ayo Babatunde, Oniru, Lagos Property Type: 1-Bedroom Mini Flat Stated Use: Residential or Commercial Transaction: Lease / Rent Annual Rent: ₦9 Million Service Charge: ₦1.3 Million Combined Stated Rent + Service Charge: ₦10.3 Million Zahari View This 1-bedroom mini flat is located on Ayo Babatunde Street, Oniru, with the property stated as suitable for either residential or commercial use. Where a property is being marketed for both uses, prospective tenants should not assume that either use is automatically permitted. The intended use should be confirmed against the property's planning and building approvals, lease terms, estate or building regulations and any applicable restrictions. For a tenant considering commercial use, this verification becomes particularly important because the permitted activity, signage, customer access, operating hours and parking requirements may be subject to specific conditions. Property Highlights 1-bedroom mini flat Ayo Babatunde, Oniru Residential or commercial use stated ₦9 Million annual rent Suitable for consideration as a residential or commercial space, subject to applicable approvals and restrictions Tenant's Perspective Before committing to the property, prospective tenants should establish: Whether residential use is formally permitted Whether commercial use is formally permitted What types of commercial activities are allowed Whether the building or estate has use restrictions Whether signage is permitted Whether customer or client visits are permitted Parking availability and restrictions Operating-hour limitations Power and water arrangements Security provisions Maintenance responsibilities If the tenant intends to operate a business from the property, written confirmation of the permitted commercial use should be obtained before entering into the lease. Total Stated Occupancy Cost The stated annual rent is ₦9 Million, while the service charge is ₦1.3 Million. ₦9 Million Rent + ₦1.3 Million Service Charge = ₦10.3 Million This figure excludes any other applicable agency, legal, utility, cautionary deposit or statutory charges unless specifically stated. Residential Considerations For residential use, tenants should inspect the property's condition, layout, natural ventilation, water supply, power arrangements, security, accessibility and general building maintenance. The tenancy agreement should clearly establish maintenance responsibilities and the services covered by the service charge. Commercial Considerations For commercial use, the tenant should first determine whether the intended business activity is compatible with the property's approved use and building or estate rules. Depending on the nature of the business, additional considerations may include customer access, signage, parking, power demand, operating hours and regulatory requirements. Annual Rent ₦9 Million per annum Service Charge ₦1.3 Million Combined Stated Rent + Service Charge ₦10.3 Million per annum For Enquiries & Inspections Call/WhatsApp: +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information is based on details supplied for the listing. The stated residential/commercial use, rent, service charge, approvals, building rules, lease terms and all additional costs should be independently verified before entering into a tenancy agreement.