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Mix used building – Central District, Riga, Latvia

2,000,000 €
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Total area: 917 m² Yield: 3.1%
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  • Land area: 307 m²
  • 4-floor building
  • Occupancy: 90%

Historical three-storey building built in year 1860 located in the Old Town, the historical centre of Riga.

Total building’s area: 916,6 m².

Leasable area: 750 m².

Land plot: 307 m².

Building was fully renovated in 2004. The property has a backyard under the glass roof, that is used as winter garden

Around 83% of premises are rented out, expected NOI when all buildng will be leased will be arout 100,000 EUR per year and will provide 5% ROI.

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

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Irina Kunitsyna
Irina Kunitsyna
Real Estate Expert Tranio in Central District
+44 20 3608 1267
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    • Bank financing from 4.8% annually
    • Construction site audits
    • Management company services