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Commercial property in Riga with a redevelopment opportunity

1,000,000 €
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Total area: 2,304 m²
  • Land area: 5,753 m²
  • Built in 1965
  • 3-floor building
  • Renter: 100%
  • Lettable area: 2,257 m²

It is a property for sale, consisting of a main building, two garages and a warehouse.

Description

The total flor area is 2,304 m².

The plot of 5,753 m².

The first building was constructed in 1965 and the last one in 1993.

All areas are leased out to a single tenant.

Redevelopment

The main building might be released at a higher rate after some cosmetic repairs.

There is also a possibility to build additional premises or buildings for extended commercial or residential use.

Location

The property is situated in 10 minutes from the center of Riga, next to one of the main streets.

There are two major shopping centers, office building, school and medical center in a few minutes'drive.

Bus stops are within the walking distance, main railway station is within 7 km distance, Riga Airport is 16 km away.

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

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
Free advice on real estate in Riga
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