465 000 €
465 000 €
Sale price | 465 000 € |
Price per square meter | 4 286 € |
Floor area | 108 sq.m |
Construction phase | Resale |
Number of storeys | 5 |
Floor | 1 |
Address | Latvia, Riga, Merkela |
Location | within the city |
Household was build in 1880, based on first Latvian architect with academic grade- Fridrih Baumanis project.
Historical facade of the building remains unchanged till nowadays.
In 2006 building has gained status of Historical heritage of Riga.
The facade of the building is being renovated currently to be finished by this November. The property is offered as a cash-flow property with annual yield of 7.0%. A long-term lease for 8 years has been signed for the premises. The lease begins in December 2018. Above the lease charge, the tenant will pay for public utilities, property management, real estate tax, and insurance.