Commercial Property

Property Details Location: Akin Adesola Street, Victoria Island, Lagos Property Type: Commercial Property Land Size: 1,000 SQM Property: Existing Commercial Structure on Cornerpiece Land Price: US$4 Million Transaction: Sale Title / Documentation: Lagos State Certificate of Occupancy (C of O) Registered Deed Approved Survey Zahari View This 1,000 SQM cornerpiece commercial property on Akin Adesola Street, Victoria Island, comprises an existing commercial structure positioned within an established business corridor of Lagos. The corner configuration and existing structure provide prospective buyers with the option to assess the property as an existing commercial asset or consider its future redevelopment potential, subject to the relevant planning and development requirements. For prospective buyers, the assessment should go beyond the property's location. Particular attention should be given to the structural condition, current use, title documentation, approved land use, development parameters, access and potential redevelopment requirements before acquisition. Property Highlights 1,000 SQM land size Cornerpiece property Existing commercial structure Located on Akin Adesola Street, Victoria Island Established business corridor Lagos State C of O Registered Deed Approved Survey Potential for continued commercial use or redevelopment, subject to approvals Asking price: US$4 Million Why This Property Deserves Attention The property's cornerpiece configuration is an important characteristic for buyers assessing a commercial site. The position may provide multiple access considerations and greater flexibility when evaluating the existing structure or future development possibilities. The existing commercial structure also allows the buyer to assess the property from two perspectives: its potential as an existing commercial asset and its underlying land value. Before making either assessment, buyers should establish the structural condition of the building, approved use, planning status and development parameters applicable to the property. Buyer's Perspective Before purchasing, prospective buyers should request detailed information about: Current condition of the existing structure Structural integrity assessment Existing commercial use Approved land use Building approvals and permits Development parameters Building height restrictions Setback requirements Parking requirements Corner access and road frontage Utility infrastructure Drainage Survey and exact boundaries Title and ownership documentation Existing tenancy or occupancy arrangements, where applicable Any restrictions or encumbrances These details can help determine whether the property is better suited to continued commercial use, refurbishment or redevelopment. Investment Perspective For an investment-focused purchaser, the assessment should include the US$4 million acquisition price, land size, existing structure, location, commercial use, potential rental or operating income and future redevelopment costs. The property's position within Victoria Island's established business environment may be relevant to buyers considering commercial property exposure. However, the investment assessment should be based on verified rental, operating, development and market information rather than location alone. A buyer considering redevelopment should also establish the permitted development parameters and total construction economics before committing to a particular strategy. Investor / Buyer Note Serious buyers should conduct independent due diligence covering: Verification of the Lagos State C of O Verification of the Registered Deed Verification of the Approved Survey Ownership verification Survey and boundary confirmation Physical inspection of the existing structure Structural assessment Current land use Planning and development approvals Development density Building height limitations Setback requirements Parking requirements Road access and corner frontage Utility infrastructure Drainage and environmental considerations Existing tenancy or occupancy arrangements Any encumbrances or restrictions Feasibility of refurbishment or redevelopment A physical inspection and professional legal, structural and planning assessment are strongly recommended before proceeding with the acquisition. Documentation The stated documentation includes a Lagos State Certificate of Occupancy, Registered Deed and Approved Survey. These documents should be made available for independent verification by serious prospective buyers. The buyer should also establish whether the existing structure and its current use correspond with the relevant approvals and planning requirements. Appropriate legal, surveying, structural and planning professionals should be engaged to review the documentation and property before completing the transaction. Property Intelligence Beyond the Listing At Zahari Properties, we believe a commercial property should be evaluated through both its existing asset value and its underlying development potential. For this 1,000 SQM cornerpiece on Akin Adesola Street, the existing commercial structure provides one route for assessment, while the land and location provide another. The buyer should establish whether the existing structure meets their intended operational requirements or whether refurbishment, modification or redevelopment would provide a more appropriate strategy. The corner position, access, planning parameters, documentation and structural condition should therefore all be considered together before determining the property's practical value to the buyer. Asking Price US$4 Million For Enquiries & Inspections Call / WhatsApp: +234 803 384 8156 +234 907 301 3359 Website: www.zaharihub.com Zahari Properties ...Points in the right direction. Disclaimer: Property information is based on details provided at the time of listing. Land size, title, ownership, documentation, structural condition, existing use, planning approvals, development parameters and other property information should be independently verified by the prospective buyer before making an offer or completing a transaction.