Commercial property in Riga city center for sale…

1,200,000 €
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Total area: 2,747 m²
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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.

Please contact us for more information.

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Anatoliy Onufriev
Anatoliy Onufriev
Real Estate Expert Tranio in Riga
+44 17 4822 0039
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    • Bank financing from 4.8% annually
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