Townhome – Latgale Suburb, Riga, Latvia

2,500,000 €

Total area
3,129 m²
Land area
1,381 m²

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Features

Total rooms: 80
5-floor building
1 floor
Internet
TV

Sell profitable, well-kept, debt-free, Multistorey stone house + land with growth opportunities in Pernavas steet, between A. Chaka and Rudolf's street, near to Grīziņkalna park. Utilities: electricity, gas, central heating, water and sewerage, Lattelecom TV and Internet. Apartments repaired/ repairable, bathrooms and counters. Most flats are furnished, house with no encumbrances. Private yard. Individual parking spaces. Perhaps greening. All apartments are rented, 80% of the apartments are rented on a one-year renewable contracts. Responsible tenants. Near everything you need: transport, shops, schools, health center, park, etc. Development Perspectives: Building impossible to renovate, easy re-programming, or connecting the existing apartments, the creation of a modern apartment buildings, hotels, or administrative buildings. In loft area can build a habitable space, as the House of the 6th story, as well as the commercial use of the house is dry, vaulted cellar.

Extra opportunities

We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.

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Location right down to the building, street or city
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You can see more houses for sale in Latgale Suburb elsewhere on our website.

How to buy property with Tranio

Enquiry

Send us an enquiry with an approximate description of the property or investment project you’re interested in.

Meeting the partners

After clarifying your enquiry, we will introduce you to our partners and/or local agents.

Offer selection

We will help you to select suitable options. Tranio does not charge a commission for this — the property price remains the same as if you contacted our partner directly.

Viewing tour

You then view the property or properties you have chosen. Our partners or agents from Tranio's European offices will meet you in situ.

Transaction closure

Having chosen the best property, you will sign the sales or investment agreement (for development).

FAQs

Can I get a mortgage abroad?

It depends on the country. For example, German banks willingly offer mortgages to foreigners at 1.5-2 % per annum with LTV up to 70%. Spain offers less favourable terms: the minimum rate for foreigners is 2.5% per annum. The situation is different in Greece: although the law does not prohibit banks from issuing loans, in practice, Greek banks don’t issue loans to local nor foreign property buyers. You can learn about the mortgage terms in your preferred country by contacting Tranio’s local agents.

How does the purchase procedure work?

The purchase procedure depends on the country where you buy property. Generally, after choosing a property you need to sign a preliminary agreement with the seller and carry out a due diligence of the property by checking the relevant documents and the property's technical condition. After that, all parties sign the sales agreement and the notary registers the transaction. As a rule, the purchase registration costs amount to approximately 10% of the property price.

Can a residence permit be obtained by buying property?

In some countries it is possible. Residence-for-property purchase programmes are known as Golden Visas programmes. Greece, Spain, Latvia, and Portugal offer the most popular Golden Visas in Europe. The Greek residence permit is the cheapest and can be obtained by buying a property worth at least €250,000, while organising all of the documents costs about €19,000. Certain countries offer citizenship to property buyers — for example, an investor can get their hands on a Cypriot passport by buying a property worth at least €2M.

How does Tranio make money if your service is free for the clients?

We share the commission, which the buyer or the seller (depending on the country) pays to our partners — foreign real estate agencies. The price of this service is the same as if you contacted the agency directly — this is an important condition and applies to all of our partnership agreements.

Who guarantees the transaction security?

The transaction security is guaranteed by the notary who draws up the sales agreement and checks the information on the previous and current owners of the property, any outstanding restrictions, mortgage, and third-party encumbrances. Tranio is not responsible for the parties involved in the transaction.