4, 000 Sqm Bare Land For Lease

Property Ref : 3619286

Commercial property for rent

Temple Road, Ikoyi, Lagos, Ikoyi, Lagos

₦400,000,000 per annum

Features

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Location: Temple Road, Ikoyi, Lagos
Property Type: Bare Land
Land Size: 4,000 SQM
Lease Period: 10 Years
Payment Structure: 5 Years Upfront
Annual Lease Rate: 400,000,000
Transaction: Lease

Zahari View

A substantial 4,000 SQM bare landholding on Temple Road, Ikoyi, available for a long-term lease of up to 10 years.

The size and location of the property make it a potentially attractive opportunity for businesses, developers and investors seeking a strategically positioned site within Ikoyi's premium real estate market.

With a 10-year lease period and five years' rent payable upfront, the property may be particularly relevant to occupiers planning a substantial commercial, institutional or other approved development requiring a longer-term site commitment.

Why This Property Deserves Attention
Prime Temple Road, Ikoyi location
Substantial 4,000 SQM land area
Long-term 10-year lease opportunity
Five years' payment upfront
Positioned within one of Lagos' established premium property districts
Potentially suitable for commercial, institutional or other approved uses
Relevant to developers, corporates and investors seeking strategic land within Ikoyi
Lease Structure

Annual Lease Rate: 400,000,000

Lease Period: 10 Years

Payment: 5 Years Upfront

At the stated annual rate, the five-year upfront rent represents 2 Billion, before any applicable fees, taxes, charges or other agreed transaction costs.

Investor / Occupier Note

Prospective lessees should conduct appropriate due diligence on the lessor's title and authority to lease, survey and boundaries, permitted use, planning and zoning requirements, development approvals, lease terms, renewal provisions, infrastructure responsibilities and applicable statutory charges before committing to the transaction.

The intended use should be confirmed with the relevant authorities and property representatives before development.

Documentation: Available for verification upon serious interest and vendor/lessor authorisation.

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