Commercial Office property for sale Oniru Victoria Island

Description

FOR SALE: Premium Grade A Office Building – Oniru, Victoria Island, Lagos

An exceptional investment opportunity to acquire a strategically located Grade A commercial office building in the heart of Oniru, Victoria Island, Lagos.

Developed and delivered by G. Cappa in 2015, this iconic office complex offers premium office accommodation with substantial income-generating potential and future expansion opportunities.

Property Highlights

📍 Location: Oniru, Victoria Island, Lagos
📜 Title: Governor’s Consent
💰 Asking Price: ₦16 Billion

Building Specifications

– 7 Floors of premium office accommodation
– Total Gross Lettable Area: 6,673.94 sqm
– Situated on 2,804.728 sqm of land
– Structural foundation designed and approved for expansion up to 15 floors
– Dual access points with two gated entrances on separate roads
– Three staircases for efficient circulation and emergency access
– Two operational Otis elevators (with provision for a third elevator)

Power & Utility Infrastructure

– Water Treatment Plant and Reservoir (22,000 litres capacity)
– Two Stainless Steel Water Tanks (33,000 litres each)
– Industrial Borehole
– 500 KVA Transformer
– Diesel Storage Capacity: 28,000 litres (14,000 litres x 2 tanks)
– Standby Power Generators:
– 400 KVA Generator
– 300 KVA Generator
– 150 KVA Generator

Parking

– Ample parking space accommodating approximately 120 vehicles

Investment Potential

The property presents a strong income-producing opportunity with an estimated annual rental yield exceeding ₦1 Billion, based on a conservative average rental rate of ₦150,000 per sqm per annum.

Notably, rental values for the Ground Floor through the 2nd Floor currently range between ₦180,000 – ₦200,000 per sqm per annum, offering significant upside potential and enhanced returns for investors.

Key Advantages

✅ Prime commercial location in Victoria Island
✅ Grade A office development by renowned contractor G. Cappa
✅ Strong rental income and capital appreciation potential
✅ Future vertical expansion opportunity (approved for 15 floors)
✅ Robust power and water infrastructure
✅ Excellent accessibility and parking provision
✅ Suitable for corporate headquarters, institutional investors, REITs, multinational occupiers, and commercial property portfolios
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Asking Price: ₦16 Billion naira only
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