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Mixed-use building – Central District, Riga, Latvia

2,100,000 €
807 € /m²

We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.

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  • Total area
    2,600 m²
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Details
Property parameters
  • 7-floor building
  • 7 floor

House ownership located in the very center of the city, on Dzirnavu St.

Nearby you will find everything for the most comfortable stay — shops, schools, banks, restaurants, cafes. Within a few minutes walk there are several parks (Esplanade, Kronvalda Park, Verman Park), to Old Riga — literally 5–7 minutes on foot.

35201/97186 shares from a 6-storey residential building. The project for renovation was agreed, repair work has already been done, it is planned to create 23 apartments and 3 commercial premises (offices/ retail premises). The project includes the repair/ reconstruction of all apartments in one stairwell. 4 apartments are already finished and sold.

the area of ​​apartments is 1549.2 sq. m.

commercial area — 399.8 sq. m.

common areas — 300.5 sq. m.

LAND: owned (according to shares)

FOLLOWED THE FOLLOWING WORKS:

renovation of the street facade completed;

Replaced 90% of the windows;

all excess walls have been removed;

replaced floors;

partitions were built and black floors were made for some apartments;

communications (including gas pipelines);

elevator shaft (without decoration);

repair of the stairs began.

Communications:

electricity

cold water

sewerage

heating

  • Property on the map
    Location right down to the building, street or city

Statistics in Riga

Price per m², €
1,733
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
62
Index 62 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 1,732.56
Apartment in a bedroom community, m² 1,076.71
Transport Price, €
Public transport, 1 ride 1.15
Monthly travel card 50.0
Taxi, 1 km 0.62
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.59
Milk, 1 l 0.9
White bread, 500 g 0.85
Eggs, a dozen 1.65
Chicken fillet, 1 kg 5.26
Education Price, €
Kindergarten, per month 321.67
International school, per year 10,823.53
Health care index
Staff competence 67.76
Medical equipment 70.83
Research accuracy and completeness 63.0
Attitude towards patients 60.86
Security index
Crime rate 38.04
The risk of being robbed 32.0
The risk of car theft 46.81
The risk of break-in and property damage 46.9

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

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in Latvia.

You can see more mixed-use buildings for sale in Central District elsewhere on our website.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

Invest in development project

€100M

capital placed

10 years

in the real estate market

1,000+

deals since 2008

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Enquire about this mixed-use building
Anna Kurianovich
Anna Kurianovich
Senior Investment Consultant
+44 17 4822 0039
  • Bank financing from 4.8% annually
  • Property, plot and construction site survey
  • Management company services
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