№ 2,085,301
Shop 9490 m² in Latgale Suburb, Latvia
14,400,000 €
1,517 € /m²
  • Total area 9,490 m²
  • Yield
  • Lease term
  • Constructed  2021
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Konstantin Chernikov
Investment consultant in Latgale Suburb
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    Key project parameters

    Total area
    9,490 m²
    Floors
    7
    Constructed 
    2021

    Project description

    Leasehold Apartment complex in Riga center for sale.

    • 199 apartments

    • 7 floors and basement (underground parking)

    • Leasable area of apartments: 6,566 m²/ total area: 9,490 m²

    • Land-plot 2,508 m² with courtyard (green area) of 1,003 m²

    • 58 parking places in the underground parking, free parking on the nearby streets

    • To be commissioned in July 2021

    • Average rent price: 10.5 EUR/ m²

    • Expected to be fully let until 30/06/2022

    • Net operating income in 2022 expected 826 TEUR

    Location:

    - Spacious recreational green area: ring-fenced courtyards with playground for the children

    - Surrounded by magnificent and vast green park area available for walks and outdoor sport activities (parks called: Miera darzs – the Garden of peace — and Klusais darzs – the Silent garden)

    - Just 10–15 minute walking distance form the Central Business District and the old town

    - Excellent access to the public transport: (a) trolleybus, tram and bus stops 3–5 min. (b) central railway station 10 min on foot. (c) Airport – 15 minutes by taxi or 35 minutes on the bus (number 22). (d) the terminal bus stop/major hub (street Abrenes) for all the buses in Riga just 5-minute-walk away.

    Extra information

  • Garden

    Garden

  • Car parks

    Car parks

  • Underground parking

    Underground parking

  • Tenants

    Agreement
    n/a
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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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