Avenue Towers, Victoria Island (VI), Lagos
$35,000,000
| Property Ref: 2873126 | Added On: 16 May 2025 | Last Updated: 16 May 2025 |
| Market Status: Available | Type: Office Space | Bathrooms: 20 |
| Toilets: 20 | Parking Spaces: 20 | Total Area: 7,400 sqm |
| Covered Area: 6,650 sqm |
*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
