Exclusive Rooftop Commercial Space for Sale or Lease
Grosvenors Place, Awolowo Way, Ikeja, Lagos
Premium 200 sqm Rooftop Opportunity in a Strategic Commercial Location
An exceptional opportunity to acquire or secure an exclusive 5th-floor rooftop commercial space at Grosvenors Place, Awolowo Way, Ikeja.
Measuring approximately 200 sqm, this terrace-level unit is situated within a contemporary new-build mid-rise tower and offers an ideal setting for a premium restaurant, rooftop bar, lounge, events venue, lifestyle brand, corporate hospitality concept or other high-value commercial use.
With its modern construction, flexible open-plan configuration, private access and panoramic city outlook, the space provides an excellent platform for businesses seeking a distinctive address in one of Lagos' most strategic commercial districts.
Property Highlights
- Exclusive 5th-floor rooftop commercial space
- Approximately 200 sqm
- Prime location along Awolowo Way, Ikeja
- Contemporary new-build commercial development
- Flexible open-plan layout suitable for bespoke fit-out
- Potential for restaurant, bar, lounge, events or lifestyle concepts
- Private access and attractive rooftop views
- Strong branding and signage potential, subject to approvals
- Secure building environment with controlled access
- Concierge and building security services available
- Suitable for both daytime and evening operations, subject to building regulations and statutory approvals
- Provision for tenant-specific services and installations, subject to landlord and regulatory approval
- Fit-out possibilities may include commercial kitchen, bar, extraction and ventilation systems, grease traps, waste management and event infrastructure
Ideal Uses
The space is suitable for a wide range of hospitality, lifestyle and commercial concepts, including:
Hospitality and Food & Beverage
- Rooftop restaurant
- Fine-dining restaurant
- Cocktail bar
- Rooftop lounge
- Casual dining venue
- All-day café
- Branded food and beverage outlet
- Members' club or hospitality flagship
- Chef residency or pop-up dining concept
- Themed food market
Events and Entertainment
- Private events venue
- Corporate functions
- Product launches
- Brand activations
- Private parties
- Intimate weddings and celebrations
- Nightclub or late-night entertainment venue, subject to licensing and building regulations
Lifestyle and Alternative Uses
- Co-working space with rooftop café
- Wellness studio
- Rooftop yoga or fitness concept
- Creative studio
- Film, photography and commercial production location
- Showroom or experiential retail concept
All proposed uses remain subject to planning requirements, statutory licensing, landlord approval, building regulations and applicable operating-hour restrictions.
Location Advantage
Grosvenors Place is strategically positioned along Awolowo Way in Ikeja, providing convenient access to major business, residential, retail and transport hubs across Lagos.
The property is within easy reach of:
- Ikeja City Mall
- Computer Village
- Murtala Muhammed International Airport
- Ikeja GRA
- Alausa and the Lagos State Secretariat
- Allen Avenue
- Opebi
- Oregun
- Ogba
- Maryland
- Ojota
- Lagos--Ibadan Expressway
- Major Mainland and Island access routes
This central location offers excellent accessibility for customers, clients, staff, suppliers and delivery operators, while benefiting from the strong commercial activity and growing demand for premium business and lifestyle destinations in Ikeja.
Investment Highlights
Grosvenors Place offers an opportunity to secure space in a high-demand commercial district with strong visibility and long-term development potential.
Key investment considerations include:
- Strategic Ikeja location
- Proximity to major commercial, residential and transport hubs
- Strong potential for hospitality and lifestyle businesses
- Premium rooftop positioning
- Flexible use and tenant-fit-out potential
- Excellent branding and customer experience opportunities
- Potential long-term capital growth, subject to market conditions and independent valuation
- Valid Lagos State title documentation, subject to verification and due diligence
Any projected appreciation, rental returns or return on investment should be independently assessed and must not be treated as guaranteed.
Pricing and Commercial Terms
Outright Price
- Price per square metre: ₦5,000,000
- Approximate floor area: 200 sqm
- Total asking price: ₦1,000,000,000
- One billion Naira only
Payment Plan
- Initial deposit: ₦10,000,000
- Installment price: ₦5,500,000 per sqm
- Indicative total installment price for 200 sqm: ₦1,100,000,000
- Payment period: Up to six months, subject to agreed terms, documentation and approval
The deposit, installment structure, payment schedule and balance requirements are subject to contract and confirmation by the vendor or landlord.
Lease or Purchase Options
The property may be available for either sale or lease, subject to the preferred commercial structure and availability at the time of enquiry.
Prospective occupiers may request details regarding:
- Lease duration
- Rent and service-charge structure
- Security deposit
- Fit-out period
- Landlord contributions, if applicable
- Permitted operating hours
- Utilities and power supply
- Maintenance and common-area charges
- Signage and branding rights
- Parking and access arrangements
- Food, beverage and entertainment approvals
Fit-Out and Technical Considerations
The rooftop space is suitable for a customised tenant fit-out. Proposed works may include:
- Commercial kitchen installation
- Bar and beverage service areas
- Mechanical extraction and ventilation
- Grease-trap installation
- Drainage and waste-management systems
- Fire and life-safety installations
- Acoustic treatment
- Outdoor seating and event infrastructure
- Signage and branding elements
- Power, water and cooling requirements
All fit-out works, structural alterations, external installations and specialist services must be reviewed and approved by the landlord, building management and relevant authorities before commencement.
Prospective buyers and tenants are advised to conduct independent technical inspections to confirm floor loading, access, utility capacity, drainage, extraction routes, fire-safety provisions and suitability for the proposed use.
Why Choose This Opportunity?
- Distinctive rooftop commercial address
- Central Ikeja location with strong connectivity
- Suitable for premium hospitality and lifestyle concepts
- High visibility and branding potential
- Flexible open-plan layout
- Modern building environment
- Opportunity to create a bespoke customer experience
- Access to a broad commercial, residential and airport-linked catchment
- Suitable for owner-occupiers, investors, hospitality operators and brands seeking a flagship Lagos location
Viewing and Enquiries
Viewings are available strictly by appointment.
For the full brochure, floor plan, title information, technical specifications, payment schedule, lease terms or inspection arrangements, please contact the listing agent or landlord.
Location
Grosvenors PlaceAwolowo Way, Ikeja, Lagos
Important Notice
All information provided is subject to verification and may be amended without prior notice. Availability, pricing, floor area, payment terms, title documentation, permitted use and commercial conditions are subject to contract and landlord or vendor approval.
Prospective purchasers and occupiers are advised to conduct their own legal, financial, valuation, planning, structural and technical due diligence. Any reference to capital appreciation, return on investment or future value is indicative only and is not guaranteed. Applicable taxes, VAT, service charges, utilities, legal fees, agency fees, fit-out costs and other transaction expenses may apply.
