№ 2,085,302

Shop 7789 m² in Latgale Suburb, Latvia

10,100,000 €
1,296 € /m²
  • Total area 7,789 m²
  • Yield
  • Lease term
  • Constructed  2021
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Daria Krestova
Daria Krestova
Investment consultant in Latgale Suburb
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    Key project parameters
    Total area
    7,789 m²
    Floors
    6
    Constructed 
    2021
    Project description

    Leasehold Apartment complex in Riga center for sale.

    • 141 apartments

    • 6 floors and basement (underground parking)

    • Leasable area of

    apartments: 4,505 m²/ total area: 7,789 m²

    • Land-plot 2,221 m² with courtyard (green area) of 930 m²

    • 49 parking places in the underground, free parking available on nearby streets

    • Newly constructed in 2021

    • Average rent price: 10.7 EUR/ m²

    • As per May 2021: 60 out 141 apartments let. Expected to be fully let until 30/09/2021

    • Net operating income in 2021 expected 573 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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    How we help investors

    Analysing the needs

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    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

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    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,
      Head of Commercial Property Department
      Mikhail Reyderman
      Mikhail Reyderman
      Commercial Real Estate Expert

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