Investment object with a yield of 11–12% per annum.
Retail and office center located in Kuldīga, in the heart of the city, on the main square on the street Liepājas.
The property consists of a two-story, brick building with a new extension (passage), the total area of 804 m² and the land plot of 1536 m². All areas of the center in excellent condition and 100% leased out.
Long-term lease contracts are signed with all tenants and registered in the Land Register.
The net annual yield is 67,360 Euros (without VAT) and 81,500 EUR including VAT 21%.
There is an approved expansion project to enlarge the area up to 2400 m².
Property value (according to property estimation results by Interbaltija): 710,000 Euros.
Object is suitable for obtaining a residence permit for two families.
We can help you with your Latvian residency permit application when buying a property worth € 250,000 or more.