1,800 SQM Commercial Land

Property Details Location: Off Adeola Odeku, Victoria Island, Lagos Property Type: Commercial Land Land Size: 1,800 SQM Transaction: For Lease Lease Rate: ₦100,000 per SQM Indicative Lease Value: ₦180,000,000 Title: Governor's Consent, as stated Suitable Uses: Restaurant, car lot, lounge/bar, event centre or gymnasium, subject to relevant planning and operational approvals. Zahari View This 1,800 SQM commercial land parcel is available for lease off Adeola Odeku, Victoria Island, Lagos, at a stated rate of ₦100,000 per square metre. Its location within the Adeola Odeku commercial corridor may interest businesses, investors and operators evaluating a site for hospitality, leisure, entertainment or other suitable commercial activities. The property's suitability for a particular business will depend on the proposed use, agreed lease conditions, site access, layout requirements and the relevant planning and operational approvals. Prospective tenants should also assess the cost of site preparation, construction, utilities and ongoing operations before committing to a project. Property Highlights 1,800 SQM commercial landholding. Located off Adeola Odeku, Victoria Island, Lagos. Lease rate of ₦100,000 per SQM. Indicative lease value of ₦180 million, subject to confirmation of the applicable rental period. Governor's Consent stated. Potential uses include restaurant, car lot, lounge/bar, event centre and gymnasium. Proposed use subject to relevant planning and operational approvals. Potential Commercial Applications The site may be considered for several business concepts, depending on the permitted land use and feasibility of the proposed development. Restaurant: A site for a dining establishment, subject to food-service, building and operational requirements. Car Lot: A possible location for vehicle display or sales, subject to access, parking and applicable commercial-use conditions. Lounge or Bar: A potential hospitality and leisure concept, subject to relevant operational and regulatory approvals. Event Centre: A possible venue development, subject to planning, access, parking, safety and noise-control requirements. Gymnasium: A potential fitness facility, subject to the proposed layout, parking and operational requirements. These are potential uses for consideration, not confirmation that every listed activity is already approved for the property. Why This Property Deserves Attention The 1,800 SQM land area offers a defined footprint for businesses considering a commercial site in Victoria Island. For an operator, the decision should be based on whether the site can accommodate the intended business layout, customer access, parking, utilities and operational needs. The lease structure also requires careful evaluation. Prospective tenants should confirm the rental period attached to the ₦100,000 per SQM rate, the lease duration, renewal provisions, permitted improvements and responsibility for restoring or handing back the site at the end of the tenancy. Tenant's Perspective: What to Verify Before entering into a lease agreement, prospective tenants should independently confirm: The land's exact boundaries, survey plan and measured area. Authenticity and status of the stated Governor's Consent. Ownership and the lessor's authority to grant the lease. Permitted land use and approvals required for the proposed business. Lease duration, rent payment schedule and renewal conditions. Whether the stated rate applies annually or to another rental period. Whether the lease rate is negotiable and what additional charges apply. Responsibility for planning approvals, construction and site preparation. Access, parking, drainage, utilities and infrastructure availability. Applicable environmental, safety and operational requirements. Conditions governing alterations, improvements and reinstatement. All legal fees, statutory charges and other financial obligations. Lease Cost Assessment At the stated rate of ₦100,000 per SQM for 1,800 SQM, the calculated lease value is ₦180,000,000. This figure is an arithmetic calculation based on the supplied rate and land size. The applicable rental period has not been specified and should be confirmed before the figure is treated as an annual rent or another defined lease obligation. Other charges and transaction costs are excluded. For Enquiries & Inspections Phone: +234 907 301 3359 Website: www.zaharihub.com Join the Zahari Properties WhatsApp Channel: Follow property listings and updates Zahari Properties ...Points in the right direction. Disclaimer: Property details and title information are based on the information provided and have not been independently verified. Prospective tenants should confirm the title, land size, permitted use, lease duration, rental period, approvals, fees and all contractual terms before making a commitment.