A Furnished Island Retreat — Ready to Move In
A fully furnished, four-bedroom luxury apartment within the prestigious Ocean Parade development on Banana Island — available for immediate occupation on a two-year lease. This is island living at its most effortless.
Ocean Parade is one of Banana Island's most coveted residential developments — distinguished by its architectural quality, exceptional management, and position within the island's most desirable corridor. This specific apartment has been furnished to a high specification throughout, meaning the tenant enjoys a genuinely move-in ready experience without the complexity of furnishing a home from scratch.
The apartment offers four generously proportioned bedrooms, all en-suite, with a master suite that commands views across the estate's manicured grounds. The living and dining spaces are open-plan and exceptionally spacious — designed for both quiet family living and entertainment. The kitchen is fully fitted and equipped. The apartment is available immediately, and viewings can be arranged at short notice.
Every Space Considered
Master Suite
King-sized principal bedroom with en-suite bathroom, walk-in wardrobe, and private access to the balcony. Furnished with premium imported pieces.
Three Guest Suites
Three additional bedrooms — all en-suite, all furnished — perfect for family, guests, or live-in staff. Each room has built-in storage and quality linen provided.
Open Living & Dining
Generously proportioned open-plan space accommodating formal dining and a comfortable living area. Tastefully furnished with natural fabrics and warm tones throughout.
Fitted Kitchen
Fully equipped kitchen with quality appliances — cooker, refrigerator, dishwasher, and washing machine. Separate utility area. Ready to use from day one.
Balcony & Views
A private balcony accessible from the main living area and master suite — offering views over the Ocean Parade grounds and the wider Banana Island estate.
Boys' Quarters
Self-contained staff accommodation within the apartment — providing privacy and convenience for domestic staff, with its own access and facilities.
What's Included — Everything.
This apartment is let on a fully furnished basis — meaning every item required for immediate, comfortable occupation is already in place. From bedroom linens to kitchen appliances, nothing has been left to chance.
Complete Cost Summary
The following represents the full cost of acquiring this lease. All figures are as stated in the official listing. First Equitorial operates with complete financial transparency — no hidden charges, no surprise costs. All payments are structured in a single documented transaction.
| Lease Duration | 2 Years (upfront) |
| Annual Rent Equivalent | ₦42,500,000 per annum |
| Total Lease Payment | ₦85,000,000 |
| Caution Deposit | ₦5,000,000 (refundable) |
| Agency Fee | 10% of annual rent = ₦4,250,000 |
| Legal Fee | 10% of annual rent = ₦4,250,000 |
| Service Charge | As per estate management |
| Total Outlay (Year 1) | ~₦98,500,000 |
| Furnishings Included | Yes — fully furnished |
| Availability | Immediate |
All figures are indicative. Final terms are subject to formal tenancy agreement. Legal and agency fees are paid to respective professional parties. First Equitorial will coordinate the full documentation process on your behalf.
Ocean Parade, Banana Island
Ocean Parade is situated on Banana Island — the most prestigious residential address in Nigeria. The development sits within the island's serene, well-maintained residential core, with easy access to both the island's amenities and the wider Lagos Island corridor via the Banana Island Bridge.
- Banana Island Club — private dining, tennis and social facilities for island residents
- Banana Island Park — beautifully maintained green space for jogging and recreation
- Private jetties with Lagoon access for water sports and boat trips
- British International School and Greenwood House School within minutes
- 24/7 multi-layered estate security with controlled access throughout
- Underground utilities and independent power supply — no disruption to daily life
- A serene, palm-lined environment entirely removed from the energy of mainland Lagos
