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Commercial Property for sale in Victoria Island (VI), Lagos Office Spaces for sale in Victoria Island (VI), Lagos Commercial Property for sale in Lagos

Office space for sale

9 Floor Commercial Property Available

Avenue Towers, Victoria Island (VI), Lagos
$35,000,000 ₦47,682,955,285
#287-312-6 16 May 2025 15 views · last 30 days
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20 Bathrooms
20 Toilets
7,400 m² Plot size
Office Property type
20 spaces Parking

About this property

For sale Avenue towers at a glance for sale victoria island Description;

  • 9 floor commercial building constructed in 2012
  • 7388sqm of gross space, 6650sqm net
  • Three lift with one utilized as a service lift

Investment Highlight

  • Comperable building are renting for $400 to $500/sqm
  • ⁠Pro formal annual rents of circa $3m to $3.5m
  • ⁠Valuation at stabilization $30m(100% occupancy, 15% cap rate)
  • ⁠Current offer of $350,000 for a floor accepted in principle
  • ⁠Exit option include sale to reit or institutional buyer
  • ⁠Recent construction and modern features- lighting, fire suppression, hvac (cooling system), sewage and water treatment and cctv e. t. c
  • ⁠Ideal for corporate owner occupancy
  • ⁠Generators

Purchase price $35 million A link 100% closable

Property details

Reference ID #287-312-6
Listed by Loyalty Homes Limited
Property type Office Space
Listing status Office space for sale
Bathrooms 20
Toilets 20
Parking spaces 20
Plot size 7,400 m²
Built-up area 6,650 m²

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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Disclaimer

The information displayed about this property comprises a property advertisement. Nigeria Property Centre makes no warranty as to the accuracy or completeness of the advertisement or any linked or associated information, and Nigeria Property Centre has no control over the content. This property listing does not constitute property particulars. The information is provided and maintained by Loyalty Homes Limited. Nigeria Property Centre shall not in any way be held liable for the actions of any agent and/or property owner/landlord on or off this website.

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