Top 10 Cheap But Luxury Restaurants in Victoria Island that will wow you

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This Article was Reviewed by The Chief Editor, Godfrey

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My top three picks on cheap but Luxury restaurants in Victoria Island are Bungalow Restaurant, Ocean Basket, and RSVP Restaurant and Lounge. 

Dining on a budget doesn’t have to mean sacrificing quality or luxury. If you’re looking for a fine dining experience without breaking the bank, head to Victoria Island in Lagos, Nigeria; I can assure you of maximum quality experience. 

Victoria Island is an affluent neighbourhood in Lagos, Nigeria, known for its vibrant business district, upscale residences, and thriving dining scene.

While numerous high-end restaurants cater to discerning tastes, there is also a hidden cheap but luxurious restaurant on Victoria Island that can truly wow you. 

These restaurants offer a delightful blend of exquisite cuisine, stylish ambiance, and affordable prices, making them perfect for those looking to enjoy luxury without breaking the bank.

Read on as I unveil my top picks for cheap but Luxury Restaurants in Victoria Island that will wow you. 

Top 10 Cheap But Luxury Restaurants in Victoria Island

Having discovered that this cosmopolitan area has restaurants that offer mouth-watering cuisine at prices that won’t break the bank. Below are my top 10 picks;

1. Bungalow Restaurant

Bungalow Restaurant | Restaurants in Victoria Island

Aside from this restaurant’s unique and beautiful architectural design that resembles a traditional Nigerian Bungalow, it also possesses a cozy ambiance that provides good feelings and relaxation.   

You may think their prices will go beyond the norm because of their structure or for any other reason; having taken a survey of the restaurant, I can tell you that their prices are reasonable.

And despite its chic decor, Bungalow offers affordable dishes that include local and international cuisines. For example, Crispy, golden, and oh-so-satisfying french fries cost N3800.

Their seafood options, such as the Grilled Prawns and Lobster Bisque, are top-rated among patrons. Make sure to try it out!

Address: 1296 Akin Adesola St, Victoria Island, Lagos 106104, Lagos

Phone: 0803 304 9104

2. Ocean Basket

Ocean Basket VI

If you have a craving for seafood and a desire for luxury on a budget, Ocean Basket on Ajose Adeogun Street is the place to be.

This South African franchise offers a wide range of seafood dishes that are not only delicious but also affordable. 

The relaxed atmosphere and friendly service make Ocean Basket a great place to enjoy a leisurely meal with friends or family.

And with prices that won’t leave you feeling like you’ve taken a bite out of your wallet, it’s the perfect place to experience luxury on a budget. 

The menu has something for everyone, from their signature Fish and Chips to the tantalizing Sushi platter, delicious calamari, and grilled prawns to decadent desserts.

For example, this cheap but luxurious restaurant in VI serves Famous Fish and Chips with creamy lemon sauce for just #9950. Affordable, isn’t it?

Address: 35 Akin Adesola St, Victoria Island, Lagos 106104, Lagos

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Phone: 0816 059 1821

3. RSVP Restaurant and Lounge

RSVP Restaurant and Lounge

Equally, the RSVP Restaurant and Lounge is also one of the cheap but Luxury restaurants in Victoria Island you can visit with your girlfriend without breaking the bank.

RSVP is a trendy restaurant and lounge in Victoria Island that offers a mix of continental and Asian-inspired cuisine.

The restaurant’s chic decor, vibrant atmosphere, and live entertainment make it a favored destination for those seeking a memorable dining experience. 

RSVP’s menu features a variety of dishes, from sushi to steaks, and their happy hour specials provide excellent value for money. 

I’ve been to RSVP Restaurant and Lounge a few times, and I have to say, it’s a fantastic place to eat and drink.

The food is incredible, and the atmosphere is unique. As for the average spend amount, it depends on what you order. But if you get an appetizer like a Tuna Tartare on fried rice, it costs just N11,400.

Address: 9 Eletu Ogabi St, Victoria Island, Lagos 101001, Lagos

Phone: 0818 616 6666

4. Hard Rock

Hard Rock

If you’re looking for cheap but luxury restaurants in Victoria Island, Hard Rock is one of the best options in this area.

Part of the world-famous Hard Rock Cafe chain, this location offers the signature Hard Rock experience, complete with authentic American cuisine, live music, and a rock ‘n’ roll atmosphere, and there’s a wide range of menu options; Hard Rock Cafe has something for everyone.

To get a proper view of why Hard Rock is on this list, we conducted a survey with people who have visited this place before, and most of them confirmed that it is an excellent place to have fun while on a budget.

For example, a BBQ Bacon Cheeseburger seasoned with a signature spice blend and sauce costs N8000.

Burgers, sandwiches, steaks, and seafood are all available on the menu at a price point that won’t break the bank; Hard Rock Cafe is a great option for those looking for a night out on the town without breaking the bank.

Address: Landmark Village, Water Corporation Road, Oniru, VI, Lagos 550104

Phone: 0908 198 8888

5. Shiro Lagos 

Shiro Lagos 

Shiro Lagos is a Japanese restaurant in Victoria Island, Lagos, Nigeria. The restaurant serves authentic Japanese cuisine, including sushi, sashimi, tempura, and ramen.

Finding authentic foreign food at a reasonable price can be challenging. But here’s Shiro Restaurant in Lagos that offers a taste of Japan right in the heart of Lagos, with authentic and affordable dishes. Amazing!

The average spend amount is well worth it for the quality of food and service. A Tuna Tango Maki Sushi or a Boursi Prawn x Avocado costs N8500. If you want to save money, I recommend going for lunch instead of dinner.

The restaurant also offers a broad menu of both alcoholic and non-alcoholic beverages. The stylish and intimate setting makes it the perfect place to enjoy a leisurely meal with friends or family.

Address: Block XVI 3 & 4 Victoria Island Oniru Estate, Eti-Osa, Lagos 101241

Phone: 0818 629 8888

6. Sky Restaurant & Lounge

Sky Restaurant & Lounge is another Luxury but cheap restaurant in Lekki

Sky Restaurant & Lounge is another hidden gem that combines affordability with a stunning view of the Lagos skyline.

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It is a rooftop restaurant offering a diverse menu featuring African, Continental, and Asian-inspired cuisine with a relaxed ambiance, chic decor, and panoramic city views. 

On average, a Chicken Kabob entree at Sky Restaurant costs around N9000. You can also choose to add more to your menu. I think the food is amazing, and the view is incredible.

I would recommend this place to anyone looking for a unique dining experience.

Sky Restaurant is an excellent choice for those seeking a luxurious experience without a costly price tag.

Address: Eko Hotels & Suites, Plot 1415 Adetokunbo Ademola Street, PMB 12724, Victoria Island, Lagos, Nigeria

Phone: +234 1 2772700-25, 0702 841 9207

7. Spice Route

Spice Route

For those seeking a taste of luxury in the heart of Victoria Island, Spice Route offers a top-notch dining experience with a blend of Asian and Indian cuisines.

The restaurant’s opulent decor, intricate architectural details, and warm lighting create a luxurious atmosphere. 

While some items on the menu may be higher, Spice Route also offers reasonably priced options that allow diners to enjoy a touch of extravagance without overspending.

Dining at Spice Route might be higher because of their Asian and Indian cuisines, but the food and experience are well worth it.

SAMOSA with crispy, fried flaky potato, onions, peas, and lentils served with its accompaniments – tamarind and coriander – mint sauce costs N5287.

Address: 36 Adeola Odeku St, Victoria Island, Lagos 106104, Lagos

Phone: 0808 020 8080

8. La Veranda Restaurant

La Veranda Restaurant

If you’re in the mood for Italian cuisine in Victoria Island, La Veranda is the place to go.

This restaurant offers a luxurious yet affordable dining experience, with a menu that includes classic Italian pasta dishes, wood-fired pizzas, and delectable desserts. 

Bombos pizza is sold at N6000 at La Veranda, which is still quite affordable. If you wish to have a nice time with a friend, I’ll say this option is quite excellent compared to the service offered and the quality of their dishes.

The outdoor seating area, surrounded by lush greenery, provides a romantic and serene atmosphere that adds to the overall charm of the restaurant.

Address: 17 Oju Olobun Cl, Victoria Island, Lagos 106104, Lagos

Phone: 0812 111 1222

9. Cactus Restaurant 

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For those in for delicious Mexican food without a hefty price tag, Cactus Restaurant is a great option in Victoria Island.

The menu offers authentic Mexican dishes like tacos, burritos, quesadillas, and enchiladas, all made with fresh, high-quality ingredients. The restaurant also has a full bar with a variety of Mexican-inspired cocktails.

With its colorful decor and upbeat atmosphere, Cactus Restaurant is the perfect place to enjoy a casual night out. 

Although the restaurant may not be as fancy as some of the other options in the area, it’s a great option for a great dining experience without breaking the bank.

For example, Enchiladas served with Spanish rice and cumin black beans cost around N10,000, depending on your add-ons.  

So, next time you’re in the mood for Mexican food, skip the expensive options and head to Cactus Restaurant. You’ll be glad you did!

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Address: 20/24 Ozumba Mbadiwe Ave, Victoria Island, Lagos 106104, Lagos

Phone: 0802 777 7666

10. Yellow Chilli

Yellow Chilli

Yellow Chilli is one of my favorite restaurants in Victoria Island, and I can’t recommend it highly enough. The restaurant has a laid-back yet stylish atmosphere, colorful decor, and comfortable seating.

But the real star of the show is the food. I tried several dishes, and each one was delicious.

My favorite was the Jollof rice, which was perfectly spiced and flavorful. I also loved the egusi soup, which was full of flavor and very filling.

The menu features various dishes, from traditional Nigerian cuisine to global favorites, ensuring there’s something for everyone at affordable rates. For example, Spicy Stewed Snails cost just N6,500.

Address: Bishop Oluwole Street, 27 Oju Olobun Cl, Victoria Island, Lagos

Phone: 0814 113 0890

11. Chokolat Royal Café

Chokolat Royal Café

Chokolat Royal Café is a charming eatery that offers an affordable yet luxurious experience for sweet tooth lovers. This café is renowned for its exquisite desserts, including decadent cakes, pastries, and chocolates. 

You’ll typically spend around N5,000 to N10,000 for a simple snack with a drink. This is a great value for the quality of food and service you receive.

The elegant decor and cozy seating create a delightful atmosphere for indulging in sweet treats or sipping gourmet coffee.

Whether you’re celebrating a special occasion or craving something sweet, Chokolat Royal Café provides an affordable luxury experience.

Address: 267 Etim Inyang Cres, Victoria Island, Victoria Island 101241, Lagos

Phone: 0809 993 0170

Conclusion 

Victoria Island, Lagos, is not just a destination for expensive dining options. The many cheap but luxury restaurants there will provide delightful and memorable experiences without emptying your wallet.

These restaurants offer delicious cuisine and stunning views, all at an affordable price, which makes them perfect choices for anyone looking to enjoy a touch of luxury in this vibrant neighborhood. 

Whether you’re a resident or a visitor looking for local flavors or international dishes, check out some of the above-listed restaurants in Victoria Island.

They’ll surely wow your senses and leave you with a lasting impression of affordable luxury dining. You won’t be disappointed!

Meanwhile, the research continues. I’ll continue to update this post as I discover more cheap but luxury restaurants in Victoria Island.

Have you visited any of the above-listed restaurants before? Let me know what you think about them in the comments box below.

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About the Chief Editor

Godfrey Ogbo, the Chief Editor and CEO of AtlanticRide, merges his environmental management expertise with extensive business experience, including in real estate. With a master's degree and a knack for engaging writing, he adeptly covers complex growth and business topics. His analytical approach and business insights enrich the blog, making it a go-to source for readers seeking thoughtful and informed content.

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