5-bedroom Commercial House With Large Compound

Property Ref : 3676166

5 bedroom detached duplex for rent

Lekki Phase 1, Lekki, Lagos

₦15,000,000 per annum

Features

5-bedroom commercial house with large compound for rent

Location: Lekki phase 1
Property Type: 5-Bedroom Commercial House
Condition: Requires Extensive Renovation

A spacious 5-bedroom commercial property sitting on a very large and well-positioned compound, with a Boys' Quarter (BQ). The property requires extensive renovation and is suitable for businesses looking for a sizeable commercial space that can be refurbished to suit their operations.

Key features

* 5 Bedrooms
* Boys' Quarter (BQ)
* Very spacious compound
* Suitable for commercial use
* Requires extensive renovation
* Flexible renovation arrangement with the landlord

Rental & renovation arrangement

Annual Rent: 30,000,000

The landlord is offering a 15,000,000 renovation concession from the annual rent to support the renovation of the property.

Therefore:

Gross Annual Rent: 30,000,000
Less Renovation Concession: 15,000,000
Effective First-Year Rent Payable: 15,000,000

Other charges

* Agency Fee: 10% of 30M --- 3,000,000
* Legal Fee: 10% of 30M --- 3,000,000

Total Initial Payment: N21,000,000

The renovation concession applies to the first year's rent only. Subsequent annual rent will be 30,000,000, subject to the agreed tenancy terms.

Ideal for

* Office
* School/Training Centre
* Medical/Wellness Facility
* Restaurant or Lounge
* Corporate Use
* Other suitable commercial purposes

Contact

For enquiries, private viewings, or professional real estate services, kindly contact:

Adebimpe Adeola
Deola Luxe Realty Limited
+234 816 427 6682 +234 708 139 2769
[email protected]

Contact