Office space for sale
Avenue Towers, Victoria Island (VI), Lagos
*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
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More details
$35,000,000
approx. ₦54,567,813,195
Loyalty Homes Limited
08169222741