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Commercial spaces in the center of Riga, Latvia

530,000 €
3,173 € /m²
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  • Total area
    167 m²
  • Yield
    7.0%
Details
Property parameters
  • 5-floor building
  • 1 floor
Financial performance
  • Annual income: 37,100 €
Tenants
  • Fully let
  • End of lease: 2029

Commercial spaces with a long-term lease agreement.

Description

The corner building were built between 1885 and 1903 and is brick building with 5 floors.

The building has the status of a local cultural monument.

The property includes spaces with panoramic windows, located on the ground floor, with a total area of 167.20 m².

Extra opportunities

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

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Tenants

The spaces are leased for 10 years.

Location and nearby infrastructure

The property is located in the center of Riga, on one of the busiest streets of the city.

Riga — the capital of Latvia and the largest city of the Baltic States. The population of Riga is about 640,000 people.

Buildings of different styles coexist in Riga — from the medieval architecture of the Old Town to the modern one. The historic center of the city is listed as a UNESCO World Heritage Site. The

Riga is an economically developed region and the largest industrial center of Latvia. In the city 60% of Latvian enterprises operate and more than 50% of the able-bodied population work.

Tourism — an important source of income of the city; 90% of tourists who visit Latvia go exactly to Riga.

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    Head of Sales
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