- Old Riga Shop 4,000,000 €
- Basic parameters
- Photo
№ 2,071,757
Shop 2682 m² in Old Riga, Latvia
4,000,000 €
1,491 € /m²
- Total area 2,682 m²
- Yield —
- Lease term —
- Constructed 1986
Key project parameters
- Total area
- 2,682 m²
- Floors
- 5
- Floor
- 5
- Constructed
- 1986
Project description
House in Old Riga — building of 1986. For sale.
Advantages:
- The building is in excellent condition, reconstruction is not required, reinforced concrete structures, only cosmetic repair is necessary inside
- No burden
- Terrace on the last floor overlooking the Old Town and the Daugava
- Place — Old Town, lively crossroads, convenient location near major attractions
- Parking opposite the building
- Land in the property
Potential:
1) It is possible to make hotel complex for 70–90 rooms, restaurant and commercial premises on the first floor, as well as SPA
2) Development under the office building and lease
3) Apartments for sale and rent
The total area of the building is 2682 m²
Area of land: 902 m²
Extra information
Car parks
Balcony or terrace
Tenants
- Agreement
- n/a
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- annual yield
- From 10%
- exit period
- 3 years
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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Mikhail Reyderman
Commercial Real Estate Expert
Commercial Real Estate Expert
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