- Riga Mixed-use building 920,000 €
- Basic parameters
- Photo
№ 1,584,266
Commercial property in Riga with redevelopment opportunity
920,000 €
488 € /m²
- Total area 1,883 m²
- Yield —
- Lease term —
- Constructed 1927
Key project parameters
- Leasable area
- 1,227 m²
- Total area
- 1,883 m²
- Floors
- 3
- Constructed
- 1927
Project description
It is a historic building in the center of Riga for sale.
Description
The total area of the three-storey building with an attic is 1,883 m².
The plot of 1,058 m².
The building was constructed in 1927.
The property is fully leased out to a single tenant.
Redevelopment
There is an opportunity to transform premises into the office ones for a signle or multiple tenants.
It is also possible to use the attic as an office space.
Tenants
- Agreement
- n/a
The tenant is fitness-center.
The lease agreement is valid until May 2017.
Location and nearby infrastructure
The property is situated near one of the busiest streets of Riga.
There are shops and multi-storey car park in the neighborhood.
Bus and tram stations are within the walking distance, central railway station is within 1,6 km distance.
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- annual yield
- From 10%
- exit period
- 3 years
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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