If you are looking for the best commercial properties for lease or for your real estate business, then you’re in the right place.
There are different types of commercial properties in Nigeria today that you can own as a business or as an individual.
Yes! The real estate industry is growing fast, with so many opportunities all over the country.
Many people are now shifting from saving to investing, especially in land, structures, and properties.
With this, you need to understand the best investment methods and the available real estate components to focus on.
However, if you have enough knowledge in real estate, you will know how to make your money with the right investment plans.
The central part of real estate is (Land) and then the elements on land, which include structures, properties, etc.
The land is the most important asset in the real estate business, which can be used for various purposes.
Some of the things you can do with the land in real estate business services include;
- Building houses for people to live
- Utilization of Land for farming
- Commercial Property for businesses, etc.
These and many more are what you can do when you invest in buying land for a real estate business.
Nevertheless, investing in structures and setting up commercial properties is another way to make money in real estate.
Most notable are the commercial properties you can own as a business or individual.
This doesn’t depreciate; the value appreciates in profit as time goes on.
So, this is why you need to know about the various types of commercial properties we have in Nigeria.
I will show you; read on.
What are Commercial Properties?
Commercial properties in Nigeria can include office buildings, retail spaces, warehouses, and other types of properties used for business or commercial purposes.
These properties can be leased or purchased and may be located in various settings, including city centers, business districts, and industrial areas.
Some factors that may influence the cost and availability of commercial properties in Nigeria include the location, size, condition, and type of property and the overall demand for commercial space in the area.
For example, a commercial property located in a prime location in a major city is likely to be more expensive than a similar property in a less desirable location.
The size of a commercial property and its condition and features can also impact its cost.
In addition to these factors, the overall demand for commercial space in an area can influence the price of commercial properties.
If there is high demand for commercial space in an area, the cost of commercial properties may be higher. In contrast, commercial properties may be more affordable in areas with lower demand.
Commercial properties are mostly rented out. They have long-term leases and they provide property owners to demand more rent providing a higher income.
Commercial property generates more income all year round, including restaurants, schools, shopping malls, etc.
They can be more in one structure, unlike residential property and the price for a commercial property depends on the income it generates.
10 Types of Commercial Properties in Nigeria
There are several types of commercial properties in Nigeria, they include:
- Office Buildings
- Retail Properties
- Industrial Properties
- Hospitality Properties
- Agricultural Properties
- Medical Properties
- Educational Properties
- Leisure Properties
- Special Purpose Properties
- Mixed-use Properties.
Let’s quickly look at these properties briefly and see some of their examples.
1. Office Buildings
Office buildings are among the types of commercial properties you can secure and venture into as a real estate business person.
Erecting a mighty office building space for lease/renting is an excellent investment that can give you value for your money.
These properties are used for business or professional purposes, such as law firms, accounting firms, and insurance companies.
Examples of commercial properties with significant office space buildings are Churchgate Tower 1 and Churchgate Tower 2.
2. Retail Properties
Retail space properties are another type of commercial property in Nigeria with massive ROI.
This type of property is a considerable investment that can be set up anywhere in Nigeria.
Retail properties are used to sell goods or services to the public, such as shopping malls, department stores, or standalone stores.
3. Industrial Properties
Industrial properties can be seen as commercial property solely for business.
As a realtor or real estate consultant, this can be another investment method for you.
Industrial properties are used for manufacturing, storage, or distribution of goods, such as a factory or a warehouse.
An example of a suitable industry property is the Churchgate Warehouses.
4. Hospitality Properties
The hospitality properties are also part of commercial properties, which you can venture into today.
These are properties that are used for providing accommodation, food, and other services to travelers, such as hotels, motels, or bed and breakfasts.
This is an example of property made available for warm services.
5. Agricultural Properties
With Nigeria’s rise in agricultural produce, you can go right when you venture into Agricultural property investments.
These properties are used for agricultural purposes, such as farming, ranching, and other agricultural products.
You can set up this property as a business and as an individual.
6. Medical Properties
Medical property is one of the most significant investments that will keep you on high ROI forever.
These properties are used to provide healthcare services, such as a hospital or a clinic.
You would like to take advantage of this as a real estate business owner.
7. Educational Properties
The Educational property is made available for all and for everyone looking out to make some investments.
These properties are used for education, such as schools, universities, or training centers.
This can easily be set up anywhere in Nigeria with good real estate knowledge and sound investments.
8. Leisure Properties
Leisure properties are used for recreational purposes, such as sports facilities, amusement parks, or movie theaters.
This commercial property is made available for relaxation activities and fun.
You can own this property as a business or individual while making money.
9. Special Purpose Properties
This is another type of commercial property in Nigeria you need to know today.
The special purpose properties are not available for all, and this can only be for a limited time.
Special-purpose properties are used for specific purposes, such as religious institutions, cemeteries, or research labs.
10. Mixed-use Properties
As the name implies, this particular type of property can serve as a general-purpose property that can be used for anything.
These properties are used for multiple purposes, such as office buildings with retail space on the ground floor.
They can serve as an office space, plaza, warehouse, fair trade center, or for providing housing like an apartment building, townhouse complex, etc.
The Churchgate group is an example of a real estate service business that provides these kinds of properties available for commercial use.
They range from the world trade center, warehouses, ocean terrace, Churchgate plaza, and Churchgate towers.
Churchgate Commercial Properties
Churchgate provides executive real estate for commercials to give you luxury and comfort.
We offer excellent real estate services, including exquisite skylines, executive landmarks, and exclusive spaces.
The Churchgate group provides good choice properties and outstanding amenities for every customer.
You will always get the total value of your money with the Churchgate real estate business.
We provide all the commercial properties seen in our portfolio; you can choose us today and get that luxury you desire.
Conclusion
This is all you need to know about the various Types of Commercial Properties in Nigeria today.
However, the types of commercial properties available in Nigeria cannot be overemphasized without recognizing the Churchgate group.
Churchgate is one of Nigeria’s most prominent real estate companies, with massive buildings and commercial properties in Lagos and Abuja.
All you need is to get started with us now, and you will enjoy peace of mind and gain value for your investments.
Enjoy!
