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COMMERCIAL real estate according to Wikipedia refers to buildings or land intended to generate a profit, either from capital gain or rental income. Commercial real estate includes office buildings, strip malls, restaurants, and any other real estate in which people conduct business. Investing in commercial real estate just like any other business decision has its risks and benefits. There is the need for expertise and careful strategizing before a well-informed decision can be reached on whether or not to purchase or lease commercial real estate. There are some basic steps to take before you purchase commercial real estate and they are outlined below:

1. Analyze the risk and benefits of purchasing commercial real estate
When making the decision to purchase a commercial property, it is important to take into consideration the potential risk and benefits that a purchase may hold for your business. Some of the risks/benefits involved in investing in commercial real estate are as follows:
• Buying into commercial real estate may be more beneficial than leasing if you are buying to maximize return on investment.
Owning your commercial property adds to your asset appreciation over time, which means that your company’s equity grows. It is critical to buy commercial properties in the right location. The right location ensures that your business is at the heart of a select target audience and is easily accessible by your clients, key suppliers, and associated businesses. The right location also conveys a certain kind of impression to your target audience which in turn benefits your business. It is also important to note that the locations that are “hot” today might not be so tomorrow and vice versa.
Buying commercial real estate when the finances to do so is not readily available can lead to loss of liquidity.
• The income that a piece of commercial real estate produces is directly related to its usable square footage which leads to higher yields.

2. Seek advice from a team of experts. When considering the option of buying commercial real estate, you need knowledge and experienced advice before you go ahead with the purchase to enable you to make the right decisions. Your team should be properly selected based on their track records and working styles. The team should consist of a Real Estate Professional who specializes in commercial real estate to help select suitable properties in a preferred location within the budget and also facilitate negotiations between buyers and sellers; an Attorney to conduct due diligence on the property, prepare formal offers, reviewing all documents, and ensure contracts are sufficiently detailed and structured to your maximum advantage; an Accountant to help figure out what your business can afford and analyze the tax and operating budget benefits; an Insurance Agent to ensure your assets; a Business Advisor to provide solid perspective and advice in the financial process; and/or a Mortgage Broker/Lender to provide finance if required.

3. Choose the property wisely
Some of the things to take into consideration when choosing the right commercial property for your business including location, accessibility, sale/lease price, size and layout of space, type of building, construction, available facilities including administrative support and meeting areas, car parking, security, opportunities for expansion, and lots more. Once you have shortlisted the commercial property that best suits your requirements, work with the owner at the right price.

4. Get financing for the purchase of the property
Make sure before you apply for any mortgage (if needed) you already have the down payment covered, as well as proof of income to cover the monthly payments. Commercial properties generally attract a higher down payment than residential properties. At this point, you need to have your lawyer explain every detail of the sales purchase agreement (SPA) so that you know exactly what your rights and obligations are. Commercial real estate like residential properties is also affected by the law of demand and supply.

There is no one-size-fits-all strategy for purchasing commercial real estate. That decision must be weighed by individual businesses and their specific requirements and goals. Investing in commercial real estate is a long-term affair and it is important you get it right from the start.

Fine and Country is delighted to present you the opportunity to invest in commercial real estate. Introducing our current iconic commercial real estate listings available for sale and lease.

The Greystone Tower

The Greystone Tower is an iconic 18-floor mixed-use development strategically located at the intersection of two major business hubs (Idowu Taylor and Engineering Close) in Victoria Island Lagos. Featuring Ten (10) floors of commercial office spaces, One (1) floor consisting of 4units of 3-bedroom residential apartments, five (5) floors of parking space, a ‘concessionary floor’ with Restaurants, Café & Gym to enhance the lifestyle factor in the building, Greystone promises to be one of the finest developments redefining the Lagos city skyline with its organic and responsive warm clear glass façade. With a size of 11,230 square meters of commercial/office spaces, Greystone tower’s rental charge is $650/m2/P.A.


One6 Temple is a new landmark that offers flexible office spaces on 14 floors, to suit the ever-changing, dynamic needs of fast-growing organizations. ∙ Each floor measures 1000sqm (Can be subdivided into 3 spaces). Each floor has 4 female restrooms, 4 male restrooms + 2 urinaries. Also included is a dedicated manager’s restroom and kitchenette, State of the art Granite finishing for internal lobby walls and floors, 24 Hours Security with CCTV cameras, 4 lifts/Elevators, 24 hours power supply guaranteed with 3 units of 810 KVA Generators and 2 dedicated 2MVA transformers, Access Control System, CCTV System and much more. It is located at 16 Temple Road, Ikoyi, Lagos (At the intersection of Temple road and Alfred Rewane road, Ikoyi) and its floor size is 969SQM/ floor – 2 Floors Available. One6 temple’s rental charge is $650/m2/P.A.


The Nestoil Tower is a one-of-a-kind mixed-use development strategically located at the intersection of two major business districts (Akin Adesola Street and Saka Tinubu Street) in Victoria Island Lagos, with a panoramic view of Eko Atlantic City and the Atlantic Ocean. The development is targeted at dynamic businesses, multi-national industries, financial institutions that require top bra Raised Floor for underground cabling, and flexible configuration of Office spaces. Available on all leasable Office Floors are Double Glazed Curtain Wall Systems to minimize solar heat gains, Borehole and Water Treatments, Dedicated Transformer with 2 units of 1.3mVA and 1unit of 910kVA Generating Sets. A Total of 4,379 Square Meters of Premium leasable Office Areas are available, Flexible floor plate, Kitchenettes and storage rooms available on each floor, 8 restrooms per floor (including disabled toilets), 4 passenger lifts/Elevators, Car Parking Facilities for over 225 cars on 18 split levels, A Helipad, Restaurant/Café/Coffee Room, etc. The rental price is $750/m2/P.A.


The Finery has executive office suites and workstations for lease in Lagos most revered business Location. The Finery is an experiential Office Resort Centre that actively promotes creativity, profitable commercial activities and championship. The workspaces are specially designed for corporate organizations looking for flexible short, mid, and long-term office suites and work stations for their business needs. The finery is located at 10, Onisiwo road, Ikoyi, Lagos and is made up of the west and east wings. The west wing has 5 suites overlooking the garden and pool area, car parking – 3 cars onsite and the rest offsite on a first come first serve basis, a dedicated restroom and rental payments below 1 year attract a premium. The east wing has 3 suites and large open plan office overlooking the studio area Car parking – 3 cars onsite and the rest offsite on a  first come first serve basis and a dedicated restroom. Rental payments below 1 year attract a premium. The offices come fully furnished “Plug and Play” with the following facilities: workspace and furniture which include: Work desk and chairs, land phones configured to the central PABX and Filing cabinets and a host of other provided services.

For more information on these Commercial Real Estate Listings, contact 08096000042 or 08096000043.

Get in touch


+234 809 600 0027
+234 809 600 0017

10, Onisiwo street, off Lateef Jakande, Ikoyi, Lagos.


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Fine & Country is a global real estate brand, specializing in providing a premium service through exceptional marketing and professionalism in the upper quartile of the market.


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