For Sale: Prime Commercial / Hospital Building, Oniru, Victoria Island (VI), Lagos (Ref: 3294457)

Prime Commercial / Hospital Building

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Property Description

FOR OUTRIGHT SALE -- PRIME COMMERCIAL / HOSPITAL BUILDING

Location: Oniru, Victoria Island, Lagos

Asking Price: USD 10 Billion (Negotiable)

Reference: Ag Alapo's

PROPERTY OVERVIEW

A purpose-built 7-floor office building currently operated as a mega hospital, strategically located in Oniru, Victoria Island.

The structure was developed by G Cappa and delivered in 2015, offering solid construction quality and long-term asset value.

Total Office Space: 6,674 sqm

Number of Floors: 7 Floors

Foundation: Piled with Government Approval for up to 15 Floors (major redevelopment upside)

KEY FACILITIES & INFRASTRUCTURE

Water Treatment Plant & Reservoir (22,000 litres)

3 Overhead Water Tanks (33,000 litres each)

Industrial Borehole

500KVA Transformer
Diesel Storage: 14,000 litres × 2

Power Generators:
300KVA
400KVA
150KVA

VERTICAL TRANSPORT & ACCESS

3 Otis Elevators (including dedicated bed elevator)

3 Staircases for safety and emergency compliance

PARKING
70 Dedicated Car Parking Spaces

INVESTMENT HIGHLIGHTS
Ideal for hospital operators,

corporate HQ, embassy,

bank HQ, mixed-use
redevelopment

Strong capital appreciation corridor in Victoria Island
Redevelopment potential up to 15 floors
Immediate income or repositioning opportunity

Serious inquiries only.
Suitable for institutional investors and end users.


Property Details

Property Ref: 3294457Added On: 15 Jan 2026Last Updated: 15 Jan 2026
Market Status: AvailableType: Commercial Property   

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-filled the eastern part to prevent mosquito breeding in the swampy area. It ended up with land areas connecting Victoria Island to Lekki Peninsula after it was sand-filled.

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, cosmetics, wine, toys, and so on. Other shopping options include Mega Plaza, Hubmart Store, Landmark Boulevard, XYLO, and Bijoux Mall.

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 by the Federal Government before being purchased by private investors in 2007. The estate is located in the business and recreational district of Victoria Island.

There are four swimming pools on the estate for relaxation, as well as tennis courts for sports enthusiasts. The estate is also secure, and power is always available.

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 Island, is one of the most popular beaches in Lagos. Ocean Basket is the Mediterranean's seafood mecca. The Red Door Gallery is a must-see for art enthusiasts. It can be found within the Silverbird Galleria.

Kappadocia Lagos is Lagos' first and only cave restaurant. The architectural design creates the illusion that you are in a cave.  

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 one of the hottest clubs in Lagos, and many celebrities frequent it.

Othello's Lounge is located in the heart of Victoria Island. Here you can get reasonably priced drinks and chops.

At LiVE! Lounge, you can expect to see live bands, karaoke, and comedy nights. They have both indoor and outdoor seating options, depending on your preference.

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 Schools, Cranberry School, White Oak Preparatory School, and Kuramo College are also popular primary and secondary schools. The Nigerian Law School and the Now Open University are also located on Victoria Island (NOUN).

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

Interested in this property?

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