№ 1,658,832

Residential building on the 20/22 Jekaba in Old Town!

10,000,000 €
3,193 € /m²
  • Total area 3,131 m²
  • Yield
  • Lease term
  • Constructed
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Alina Dunaeva
Investment consultant in Old Riga
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    Key project parameters

    Total area
    3,131 m²
    Floors
    6

    Project description

    All apartments are completely renovated and equipped with furniture and household appliances of the prestigious brands. Each apartment is equipped with an intercom system, heated tiled floors in kitchens, hallways and bathrooms, hardwood floors, fireplaces, security and fire alarm, ventilation and air conditioning systems, the most modern communication systems, satellite and cable television, programmable heating system.

    In addition to all above mentioned, great attention was paid to the restoration of the decorative interior, ceilings, furnaces in the Rococo style, as well as the main stairwell, where have been retained the original railings and the original floor tiles of the 19th century.

    At the moment all proposed apartments, including commercial premises on the first floor, are leased by diplomats and top managers of international companies, thus making it possible to return back on the purchase spent investment, but if desired and if it is necessary, it is possible that when signing the purchase contract at the request of the buyer the required apartment may be exempt from the tenant.

    Beautiful dry basement (about 350 sq. m.) is a great bonus.

    Residential building’s explication: Total area – 3131,2 sq. m. Using area – 2513,3 sq. m. Residential area – 2016,7 sq. m. Non – residenial area – 496,6 sq. m. Apartments floor plans and rooms explication are available in the PDF presentation as well.

    Residential building on the 20/22 Jekaba Street was built in 1898 by architect Alfred Pilemanis. At the moment the building is located on the city’s monument territory of national significance ”Riga's historical city center” and is part of the World Cultural Heritage of UNESCO. The residential building’s location close to the Latvian Parliament, and a gorgeous view to the park from the windows of the building and this is what allows you to save high consumer cost of the building, regardless of the cause and an active interest of Tenant to the premises of the building. In 2004 the six floor building was completely renovated. During the renovation the sewerage and water supply systems were replaced, summed up the new high – power electrical networks, summed up all the modern forms of communication. There is established the most economical system of heating and hot water, with the presence of an individual gas boiler with a counter in each apartment. Also the building is equipped with a modern elevator.

    Extra information

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    annual yield
    From 10%
    exit period
    3 years
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      Head of Commercial Property Department
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