№ 2,384,662
For sale an investment object close to the city center of Riga!
2,100,000 €
404 € /m²
  • Total area 5,197 m²
  • Yield
  • Lease term
  • Constructed
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Irina Pchelinova
Irina Pchelinova
Investment consultant in Vidzeme Suburb
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    Key project parameters

    Total area
    5,197 m²
    Floors
    5

    Project description

    We offer for sale a great investment object — 1,7ha land & a building for reconstruction with inspiring history and a future of multiple possibilities! A set of 2 connected land plots: 15’334 m² and 1’636 m² with 2 existing buildings for sale. The main building is a great example of industrial architecture and historically well known as former G. Ehrenpreiss bicycle factory. Valid tehcnical project for 1st stage produced by architectural company which includes reconstruction of the existing main building as office centre and construction of onground parking. Building permit valid till 04.09.2025. Description: — mixed center development area (JC2) — total land plot area 16’970 m² — valid electricity 2200 kW capacity is being maintained — all other city communications gas, water, heating etc. — next to object next to land plot main street Brivibas — street along the territory is the easement road in favor of this property — railway lines next to object, nearest public station Zemitani 16 min by walk — existing main building area 5’197 m² — 5 large floors with open halls — high ceiling from 3,50m till 6m — 1st stage project includes reconstruction of existing building to the total area 6058 m² as B class office centre with public services and onground parking for 162 parking spaces Price is 2,100,000 EUR + VAT.

    Tenants

    Agreement
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    annual yield
    From 10%
    exit period
    3 years
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    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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      Anna Vorobyeva
      Anna Vorobyeva,
      Head of Commercial Property Department
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      Mikhail Reyderman
      Mikhail Reyderman
      Commercial Real Estate Expert

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