Commercial space on the ground floor of a new building in Riga, Latvia

Additional information is provided after the signing of an NDA

Commercial space on the ground floor of a new building in Riga, Latvia

1,430,000 €
3,972 € /m²
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  • Total area
    360 m²
  • Yield
    5.4%
  • Built in 
    2020
Details
Property parameters
  • 7-floor building
  • 1 floor
Financial performance
  • Annual income: 77,000 €
Features
  • Street retail

Commercial space on the ground floor of a new residential building in Riga.

Description

The total area of the premises is 360 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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Financial performance

The annual income is 77,000 euros.

The yield is 5.4%.

Tenants

Upon request.

Location and nearby infrastructure

The property is located in Riga.

Within a 3–5 minute walk there are the main attractions of the Old City: Town Hall and Dome Square, Peter's Cathedral, etc.

Riga — the capital of Latvia and the largest city of the Baltic States. The population of Riga is more than 630,000 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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