Adeola Odeku Street, Victoria Island: Street Guide

Adeola Odeku Street is one of the main corporate and hospitality streets of Victoria Island, in Eti-Osa Local Government Area of Lagos State. It runs across the centre of the island between Ahmadu Bello Way at one end and the Ajose Adeogun Street side at the other. Office towers, banks, restaurants, lounges and hotels take up most of the frontage, and there are luxury apartment blocks on the street and around it. Homes here are at the upper end of the Victoria Island market.

Where Adeola Odeku Street is and what it connects

Victoria Island is laid out around a handful of main roads. Ahmadu Bello Way runs along the Atlantic side of the island, Ozumba Mbadiwe Avenue along the lagoon side, and Akin Adesola Street and Adetokunbo Ademola Street across it. Adeola Odeku Street lies in the middle of that grid. One end meets Ahmadu Bello Way; the other reaches the Ajose Adeogun Street side, the part of the island best known for bank head offices. Because it crosses the business core, it is both an address and a through route. The district as a whole is described in the Victoria Island area guide.

What is on Adeola Odeku Street

The street is a business address first. The frontage holds multi-storey office buildings, corporate headquarters and bank branches, together with professional firms, airline and travel offices and showrooms. It is equally known for eating out: restaurants, cafes, lounges and hotels are spread along its length, which keeps the street busy well after office hours. A few older low-rise buildings remain, but most plots have been redeveloped into towers or mid-rise blocks.

Residential property is the smaller part. It consists of luxury apartment blocks and serviced apartments, some on the street itself and more on the streets leading off it. Buildings of this kind normally come with 24-hour generator power, lifts, security, parking and a service charge.

What property is like, and what it costs

The indicative annual rent for a 2-bedroom luxury apartment on and around Adeola Odeku Street is ₦4,000,000 – ₦12,000,000. For comparison, the indicative figures for the district are:

• Victoria Island 2-bedroom flat in a managed building: ₦4,000,000 – ₦10,000,000 per annum
• Victoria Island 3-bedroom luxury apartment: ₦6,000,000 – ₦20,000,000 or more per annum

Adeola Odeku sits at the upper end of Victoria Island. The reasons are its position in the business core, the age and specification of the apartment blocks, which are mostly newer and fully serviced, and the shortage of residential stock on a street where most plots go to offices. Older flats in unserviced buildings elsewhere on the island rent for less. Office and retail space on the frontage is a separate market and is quoted per square metre, often in a mix of naira and dollars.

To see what is available, browse 2-bedroom flats for rent in Victoria Island, houses for rent in Victoria Island or all properties in Victoria Island.

Getting around from Adeola Odeku Street

For anyone who works in Victoria Island the street removes most of the commute, which is the main reason people pay to live here. During working hours the street is congested, and on-street parking is scarce, so a guaranteed space in the building matters. Ikoyi is reached over Falomo Bridge, Lekki by Ozumba Mbadiwe Avenue and the Lekki-Epe Expressway, and the mainland through Ikoyi or Lagos Island to the Third Mainland Bridge. Flood risk on this part of the island is lower than on the Ozumba Mbadiwe and Bar Beach sides, but look at the street and the basement car park after heavy rain all the same.

Who Adeola Odeku Street suits

• Senior professionals and expatriates who work in Victoria Island and want to live close to the office
• Companies looking for a head office or branch on a recognised corporate street
• Restaurants, lounges and hotels that depend on business and evening trade
• Investors in serviced and short-let apartments for corporate tenants

If you want something more residential at a similar budget, compare Ikoyi in Ikoyi vs Victoria Island. If you want more space for the money, read Lekki vs Victoria Island. The geography is explained in is Victoria Island mainland or island?

What to check before you rent or buy

• Service charge: ask for the written breakdown, the diesel arrangement and whether it is quoted in naira or dollars.
• Parking: confirm the number of allocated spaces and the visitor arrangement.
• Noise: check what is next door and below; a lounge or restaurant changes the evenings.
• Lifts, water and power: ask how often the lifts and generators are serviced and how water is treated.
• Title and use, for a purchase: have a solicitor verify the title and the approved use of the building before you pay.

Own an apartment or office here? List your property on Cabans, or read how to list a house for sale in Victoria Island.

Frequently asked questions

Where is Adeola Odeku Street?

Adeola Odeku Street is in the centre of Victoria Island, in Eti-Osa Local Government Area of Lagos State. It runs across the island between Ahmadu Bello Way at one end and the Ajose Adeogun Street side at the other.

Which local government is Adeola Odeku Street under?

Adeola Odeku Street, like the rest of Victoria Island, is under Eti-Osa Local Government Area of Lagos State.

Is Adeola Odeku Street residential or commercial?

It is mainly commercial. Office towers, bank branches, corporate headquarters, restaurants, lounges and hotels take up most of the frontage. There are luxury apartment blocks on the street and on the streets off it, but offices and hospitality are the dominant uses.

How much is rent on Adeola Odeku Street?

The indicative annual rent for a 2-bedroom luxury apartment on and around Adeola Odeku Street is ₦4,000,000–₦12,000,000. That is the upper part of the Victoria Island market, where 2-bedroom flats in managed buildings are about ₦4,000,000–₦10,000,000 a year.

Is Adeola Odeku a good place to live?

It suits people who work in Victoria Island and want to walk or take a very short drive to the office, with restaurants at the door. It is a busy business street, so expect traffic in working hours and evening activity around the restaurants and lounges.

Is Adeola Odeku Street on the island or the mainland?

It is on the island side of Lagos, in the centre of Victoria Island.

Browse the area on Cabans: Adeola Odeku area page, Victoria Island area page. Related guides: Victoria Island area guide, Awolowo Road, Ikoyi, Admiralty Way, Lekki Phase 1.