№ 2,324,625
Shop 2812 m² in Latgale Suburb, Latvia
1,650,000 €
586 € /m²
  • Total area 2,812 m²
  • Yield
  • Lease term
  • Constructed  1972
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Irina Pchelinova
Irina Pchelinova
Investment consultant in Latgale Suburb
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    Key project parameters

    Total area
    2,812 m²
    Floors
    4
    Constructed 
    1972

    Project description

    A complex for sale in the area of Krasta Street, consisting of a four-story building and a sports complex (conference hall).

    The buildings are located on a plot of 3745 m².

    The total area of the two buildings is 2812.1 m².

    Good location and infrastructure.

    Convenient access, paved road.

    An ideal place for multi-apartment development, for the development of a business, office center and other purposes.

    Possibility of separately purchasing a plot of land and a 4-story building.

    There is an agreed project to change the status of a 4-story building — into apartments, a total of 30 apartments, ranging from 31 m² to 71 m². The building has an elevator. The project for insulating the façade of the building has been approved.

    1) Four-story building:

    It is possible to change the status to residential or other.

    At the moment it has the status of a hotel, retail, office.

    - total area 2016.1 m²,

    - double-glazed windows were replaced, the heating system was replaced, new radiators, new roofing on the roof.

    - good technical condition of the premises, the premises are ready, white and gray finishing.

    - the façade insulation project was agreed upon

    - reinforced concrete/concrete foundation, brick walls, reinforced concrete/concrete floors, roofing material/soft roofing.

    2) Sports complex (conference hall)

    - sports complex area: 792.1 m²

    - reinforced concrete/concrete foundation, brick walls, reinforced concrete/concrete floors, roofing material/soft roofing.

    The land plot is located in a mixed development zone (JC2):

    - max. number of floors up to 6 floors

    - max. building intensity 220%

    - max. possible construction area up to 8239 m².

    Communications:

    - connection to central power grids, city water and sewerage, city heating.

    Place:

    - located in the area of Krasta street

    - nearby LIDO restaurant, TC Acropole, schools, kindergartens.

    - 5 km from the center of Riga

    - convenient transport links and access to the city center

    - next to the Institute of Transport and Communications; Baltic International Academy, etc.

    More information by phone or e-mail.

    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

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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

    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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