The Iconic Towers, Sinari Daranijo Street, Victoria Island.
4 Bedrooms. 1 BQ. ₦50,000,000 Per Annum.
Fully Furnished. Fully Serviced.
If You're Renting in Lagos Anyway, This Is the Version Worth Renting.
The problem
There's an honest thing most rental listings won't tell you upfront: renting in Lagos, at the corporate income level, isn't actually one problem. It's two.
The first is the traffic and the commute --- Third Mainland Bridge, Lekki-Epe, the hours that disappear before you've even started your workday. The second is what you come home to --- a landlord who shows up unannounced, a compound where the generator runs on someone else's schedule, service charges that change without notice, and a building that was never actually managed as a building.
You can't buy your way out of renting overnight --- that's a different conversation, with different numbers. But you can stop accepting the version of renting that carries both problems, and rent the version that at least solves the second one properly.
The agitation
Here's what the actual VI rental market looks like right now, and why most of it still leaves the second problem unsolved.
A furnished 3-bedroom in Oniru rents for around ₦22,000,000 per annum. A standard luxury 4-bedroom furnished apartment elsewhere in VI runs ₦25,000,000 to ₦30,000,000. a 4-bedroom upper-floor flat at 1004 Estate, lagoon view, goes for ₦40,000,000. None of those, at those price points, come with a genuinely managed building --- the kind with concierge, dedicated facility management, and amenity infrastructure that removes the landlord-drama variable, not just the square footage variable.
At the very top of the market, a 4-bedroom VI apartment with a conference hall, restaurant, and full building-scale amenities rents for ₦200,000,000 per annum --- a tier built for corporate housing budgets, not individual professionals paying out of pocket.
This listing --- ₦50,000,000 per annum, plus ₦4,000,000 service charge --- sits well above the standard 4-bedroom comparables, and well below the ultra-premium corporate tier. That gap is exactly where "actually managed, still personally affordable" lives. You're not paying 4x more than a standard VI 4-bedroom for nothing --- you're paying for a penthouse unit inside a purpose-built, professionally managed residential tower, not a converted flat with a landlord next door.
The solution
A 4-bedroom penthouse with 1 boys' quarters, fully furnished, at The Iconic Towers, Sinari Daranijo Street, Victoria Island. ₦50,000,000 per annum. ₦4,000,000 service charge. 10% agency, 10% legal, 10% caution.
Here's what each element actually solves:
The Iconic Towers itself. This is a purpose-built, multi-block residential high-rise developed as a joint venture between the Lagos State Property Development Company and a private developer --- not a converted house or a single landlord's personal property. That structural difference matters: building management, not one person's mood, decides how the generator schedule, the security rota, and the common areas are run.
4 spacious en-suite bedrooms, 2 living rooms. Room for the family life the commute has been stealing time from --- and two living rooms means public entertaining space separate from the private family lounge.
1 room BQ. Staff housing built into the unit, not negotiated separately.
Swimming pool, fully equipped gym, high-speed elevators. Building-level amenities, maintained by the building --- not something you have to chase a landlord to fix.
24/7 power, treated water, 24/7 security and CCTV. The three things that generate the most landlord disputes in Lagos rentals --- power reliability, water quality, and unannounced access --- are handled at building-management level here, not at the discretion of a single owner.
Ample parking, a serene, well-maintained environment. The basic dignity most VI rentals promise in the listing copy and don't actually deliver once you move in.
Why this beats the alternatives on the table. The cheaper 4-bedroom comparables at ₦22M--₦30M save money but come with the same individual-landlord risk this listing removes. The ultra-premium ₦200M tier solves the same problem at a corporate-housing budget most individuals aren't working with. This is the middle ground --- professionally managed, personally affordable, and priced against real comparables in the current market rather than an arbitrary premium.
The call to action
₦50,000,000 per annum. 4 bedrooms, 1 BQ, fully furnished, The Iconic Towers, Sinari Daranijo Street, VI. Service charge ₦4,000,000. Agency, legal, and caution each at 10%.
This isn't the offer that ends your renting story. It's the offer that changes which kind of renting story you're living while you build toward the one that does.
Call or WhatsApp Smilebay Realties: +234 901 517 4801.
Viewing by appointment. Serious inquiries only --- full agency, legal, and caution fees due at signing.
The commute will still be there tomorrow morning.
But the landlord who shows up unannounced won't be --- because there isn't one, just a building that's actually run like one.
Property Type: Flat/Apartment (Penthouse) --- For Rent
Bedrooms: 4 --- Bathrooms: 4 --- Toilets: 5
Furnishing: Furnished --- Serviced: Yes
Rent: ₦50,000,000 per annum
Service Charge: ₦4,000,000 per annum
Fees: Agency 10% --- Legal 10% --- Caution 10%
Location: The Iconic Towers, Sinari Daranijo Street, Victoria Island (VI), Lagos
Interior & Finishing: Fitted Kitchen --- Air Conditioning --- pop Ceiling --- Built-In Wardrobes --- En-suite Bedrooms --- Tiled Floors --- Water Heater --- Guest Toilet
Power & Utilities: 24/7 Power Supply --- Prepaid Meter --- Standby Generator --- Borehole --- Treated Water --- High-Speed Internet/WiFi
Security: Security Gate --- Perimeter Fencing --- Electric Fence --- Burglar Proof --- CCTV --- Security/Gateman --- Intercom --- Fire Safety
Outdoor & Communal: Swimming Pool --- Landscaped Garden --- Boys' Quarters --- Car Park --- Balcony --- Outdoor Lighting --- Elevator --- Gym
NPC Comparable Context (VI 4-bedroom rentals):
3-bedroom furnished, Oniru VI --- ₦22,000,000/annum
Standard luxury 4-bedroom furnished, VI --- ₦25,000,000--₦30,000,000/annum
4-bedroom upper floor, 1004 Estate, lagoon view --- ₦40,000,000/annum
4-bedroom, VI, ultra-premium w/ conference hall & restaurant --- ₦200,000,000/annum
This listing: 4-bedroom penthouse w/ BQ, The Iconic Towers --- ₦50,000,000/annum
Posted: 4 August 2026
Listed by: Smilebay Realties Limited --- Ref: #360-400-5
