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House ownership for sale on Gertrudes street

2,700,000 €
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Total area: 3,800 m²
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Features
  • Land area: 1,127 m²

For sale is offered a house ownership on Gertrudes street — Center of Riga. The property consists of 3,300 m² and additionally mansard floor of 500 m² and land — 1127 m². Total size of apartments 2,200 m² and 450 m² — offices.

The house is fully leased and has stable income (all lease agreements are signed for 1 year).

The property is in good tehnical conndition (the roof is changed, the facade is renewed).

There are 31 apartments and 3 commercial premises in the building.

Income from the apartments is around 7,500 euro per month (average 3 eur per m²).

Income from the offices is 2,300 eur per month.

Property and Land tax 20,000 euro per year.

ROI at the moment is around 6%.

After property renovation icome might be sucesfully increased, as 3 euro per m² is quite low number for the real estate in such location.

Statistics in Riga

Price per m², €
1,740
Healthcare efficiency level
62
Index 62 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
63
Index 63 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 1,739.74
Apartment in a bedroom community, m² 1,079.32
Transport Price, €
Public transport, 1 ride 1.15
Monthly travel card 50.0
Taxi, 1 km 0.6
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.59
Milk, 1 l 0.89
White bread, 500 g 0.83
Eggs, a dozen 1.65
Chicken fillet, 1 kg 5.18
Education Price, €
Kindergarten, per month 312.41
International school, per year 11,647.06
Health care index
Staff competence 68.4
Medical equipment 70.96
Research accuracy and completeness 63.03
Attitude towards patients 61.11
Security index
Crime rate 36.33
The risk of being robbed 32.18
The risk of car theft 45.79
The risk of break-in and property damage 46.33

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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If this property wasn’t for you, take a look at other mix used buildings for sale in Latvia.

You can see more mix used buildings for sale in Central District elsewhere on our website.

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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