Commercial apartment building in Riga, Latvia, 1 421 sq.m

For sale - A class A apartment building with high energy efficiency.

Commissioned in summer 2023 apartment building.
Available for purchase in its entirety.
Potential:
- Rent out the apartments and make a rental building with 17 apartments + 2 commercial on the 1st floor,
- Sell separately each apartment and commercial premises.

Year of construction: 2021
Land area: 436 sq. m.
Number of floors: 7 floors plus underground floor
Total area: 1421 m2
Living area: 1302 m2

Total number of apartments: 17
All apartments are fully finished and equipped with sanitary facilities
Number of rooms: 2-3 apartments
Apartment areas: from 50 to 72 m2
Commercial premises: 2 premises on the 1st floor with showcase windows and high ceiling. Potential use: cafe, beauty salon, stores, office.

TECHNICAL CHARACTERISTICS:
Class A energy efficiency certificate
Elevator
Monolithically reinforced reinforced concrete
Central gas heating, electricity, water, sewage system

FINANCIAL INFORMATION:
Approximate annual net rental income (target): ~200,000 EUR
Yield (Net rental income/purchase price): ~ 6%

Location:
Riga city center, close to Dailes Theater.
Streetcar and bus stops are located in 100m.
Old Town and Quiet Center in 10-15 minutes walking distance.

More information by phone and e-mail.
It is possible to discuss the conditions.
Call to arrange a viewing.