50 Fully Furnished Hotel-serviced Apartments On Lease Offer

FOR LEASE- WATCH VIDEO ABOVE

50+ Fully Furnished Rooms --- Hotel / Serviced Apartments for Lease ---
Festac Town, Lagos
₦20,000,000 p.a. () ---
Min. 5‑Year Term

Rent & lease terms

- Rent: ₦20,000,000 per annum (Twenty Million Naira) -
- Minimum lease duration: 5 years.
- Commercial terms (deposit, escalation, service charge responsibilities) to be agreed with landlord.

Property overview
A substantial operational hospitality asset in Festac Town offering 50+ fully furnished rooms configured as hotel rooms / serviced apartments. The property is presented for lease as a single operational unit --- an excellent opportunity for hotel operators, branded or independent hospitality groups, property investors and corporate operators seeking immediate market entry with an income‑producing, turnkey facility.

Key features (typical / subject to inspection)

- 50+ fully furnished rooms and suites, all supplied with essential furniture and fittings
- Mix of room types (standard rooms and larger serviced‑apartment styles) suitable for short‑stay and medium‑stay guests
- En‑suite bathrooms (confirmed on inspection) and in‑room fittings (beds, wardrobes, TV where provided)
- Reception/lounge area and guest lobby for arrivals and check‑in operations
- Back‑of‑house facilities: staff rooms, laundry/linen area and storage (subject to inspection)
- Guest amenities typically available: communal dining/breakfast area, restaurant/cafeteria potential, meeting/banquet rooms (to be verified)
- Utilities & services: on‑site power backup (generator) and water provisions typical for Festac hospitality assets (to be confirmed)
- Parking: on‑site car parking for guests and staff (subject to site layout)
- Security: gated perimeter and estate security context within Festac Town

Why lease this property

- Immediate operational capability: fully furnished rooms reduce mobilisation time and capex for an incoming operator.
- Strong catchment: Festac Town benefits from steady local demand for guest accommodation (business, corporate, visiting families and short‑term residents).
- Scale: 50+ rooms provide meaningful revenue base and economies of operation for branded or independent operators.
- Flexibility: asset suitable for hotel operator, serviced apartment operator, corporate housing provider, or conversion to a mixed hospitality/residential asset (subject to consent).

Ideal tenant profile

- Hotel brands and franchise operators seeking a Lagos mainland base.
- Serviced apartment operators and corporate housing providers.
- Investors or operators planning to rebrand and reposition the asset to improve yield.
- Educational or corporate entities seeking staff accommodation or short‑stay housing for projects.

Operational notes & tenant obligations

- Property is offered as a lease of the building and furniture/fixtures (inventory, equipment and trading stock to be agreed in separate negotiation if applicable).
- Tenant will be responsible for operational licensing, staff management, utilities, insurance and routine maintenance during the lease term (specific allocations to be set out in the lease).
- Landlord and tenant to agree on inventory handover schedule, condition survey and any refurbishment scope prior to commencement.

Due diligence & documentation required

- Prospective tenants to provide company profile, proof of funds or bank reference, and proposed operating concept for landlord review.
- Qualified parties will be provided access to inspection, inventory list and property documentation under confidentiality.
- Recommended checks for prospective tenants: site inspection, fire & safety audit, utility capacity review, review of local compliance and licensing requirements.

Legal & disclaimer
All information provided is indicative and supplied in good faith. Prospective tenants must carry out independent legal, technical and commercial due diligence. Lease terms, availability and particulars are subject to contract and may change without prior notice.

Contact: Mr. Kola Adesina (EDBA)
All detailed documentation and commercial discussions will be provided on a confidential basis and subject to a signed NDA.
Serious proposals only.
How we work*
Tell us your needs (budget, location, size).
Our team reviews your request and assigns a dedicated relationship manager.
We only source conflict-free land and properties with clear titles.
We conduct due diligence and arrange site visits.
Viewings are by appointments only
Finalize purchase, rental or lease with legal support.
PLEASE FEEL FREE TO BROWSE OUR OTHER FEATURED PROPERTIES
Referrals & Third Party Agents: 2.5%-Comm
Ref: Wale