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

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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