Currently all premises are leased out. Monthly revenue from tenants is 11,632.50 Euro per month (including 21% VAT). All utility bills, maintenance fees and repair costs are paid by the tenants. No extra cost are required from the owner. The property has a high potential for development.
This property generates a stable monthly income. All tenants are long-term (lease agreements were first signed in 1998 and have been renewed on annual basis since then).
Annual property tax payment for the complex is 7992 Euro per year.
The yield after deduction of all costs and taxes is 8.5% per annum.
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Commercial property in the center of Riga is offered for sale.
Convenient location in the center of Riga, good access roads and convenient transportation are the main features of this investment offer. Well developed infrastructure. This property is ideal for business and manufacturing.
The property includes 3 buildings of total area 2746,9 sq. m.
We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.