First-Class Commercial Properties for Sale in Africa’s Greatest Metropolis
Lagos is the commercial capital of Nigeria and the most populous City in Africa. Despite having the smallest land mass of any Nigerian state, its rapid rate of urbanization has been identified as a development model for all Nigerian states. Specifically, this has meant a boom in residential and commercial properties for sale in Lagos, with the number of properties available for rent also increasing.
Split into Mainland and Island areas, Lagos has an airport, seaport, rail system and other federal and state-owned structures that highlight its status as a world-class urban hub. The vast majority of real estate is well-developed and suitable for diverse activities.
Furthermore, the increasing supply of commercial property for sale in Lagos has improved the quality of building materials and structural integrity. Consequently, buying real estate for commercial purposes is becoming an ever more popular choice for many Nigerians, especially in the face of Lagos’s seemingly unstoppable growth which is forecast to peak at 40million inhabitants by the year 2050.
Commercial Properties for sale in Lagos are particularly diverse, including office spaces, shops and warehouses and a plethora of further options in which to set up a bustling, thriving enterprise in Africa’s greatest metropolis.
Office Space in Lagos Offers Something for Everyone
Office space in Lagos has become the most popular commercial properties for sale as the quality of the buildings keeps improving and the prices are attractive. A purpose built office space in Ikoyi, comprising three floors with a pent-house, can be bought for as little as N85,000,000. Other commercial properties for sale are also available for eye-catching prices, such as a tank farm in Satellite Town for N16,000,000. Lower priced options can also be bought however, with a Shopping Mall in Ikeja going for as little as N400,000.
Commercial options are viable due to the various benefits synonymous with the metropolis. Lagos has a well-developed transport system and goad roads that connect intra-city and inter-state routes. Major routes such as the Ikorodu Road, Third Mainland Bridge and Lekki-Ajah link Road are just some of its well-maintained access routes.
In addition to the excellent connectivity, commercial property for sale in Lagos benefit from a high supply of utilities that make living and reselling easy, as real estate investments hardly depreciate. Support services are also readily available, with various malls providing affordable shopping options on weekdays and weekends for prospective commercial property investors.
Apart from its supply of retail outlets, Lagos is also an entertainment and hospitality hub with hotels, night clubs and parks that offer getaways for prospective commercial property investors and current residents.
The state is also secure with private and public security outfits in prominent locations around the central business districts within the city. These military and police patrols reinforce private arrangements of its increasing residential numbers.
Prices Calculated in 2015