Property for rent in Open Cinema is commercial and residential properties that are fairly affordable and available in strategic locations of the neighbourhood. The area Pen Cinema was named after the "Pen Cinema" which was a popular cinema a couple of years back but it has been currently changed over to an eatery and Danjuma Cinema. Pen Cinema is a popular area in Agege and it is centrally located, connecting Iju Road, Ipaja Road and old Abeokuta Road.
Pen Cinema is a business district hosting a couple of striving businesses. Roundabout. At the Pen Cinema roundabout is the statue of a late Oba of Agege. Pen Cinema is a busy area and there is traffic jam around the area during rush hours. Real estate in Pen Cinema is relatively affordable considering its location, owing to the fact that most of the building here are old but the newly built ones attract a high cost.
House for rent in Pen Cinema is in the form of duplex, bungalow, flat, detached house, semi-detached house, mini flat and self contain. The most beautiful apartment to rent in Pen Cinema are located in the gated estates of Pen Cinema such as County Estate, LSDPC Estate, Diamond Estate and Greenhill Estate to mention a few. Bungalow for rent in Pen Cinema cost up to N700,000 per year, three (3) bedroom flat for rent in Pen Cinema is about N500,000 per year, duplex for rent in Pen Cinema is about N1,000,000 per annum and a mini flat for rent in Pen Cinema is about N350,000 per year.
Commercial property for rent in Pen Cinema is in form of office space, shops, showroom, hotels and warehouse. Pen Cinema is a prominent business district to rent a commercial property and it is only a short distance away from Ogba and also the state’s capital, Ikeja. To rent an office space in Pen Cinema requires a minimum budget of N400,000 per year and a shop for rent in Pen Cinema is about N600,000 per year.