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1 500 000 €

Commercial apartment building in Riga, Latvia, 4 255.4 sq.m
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 1
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  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 1
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 2
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 3
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 4
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 5
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 6
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 7
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 8
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 9
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 10
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 11
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 12
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 13
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 14
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 15
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 16
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 17
  • Commercial apartment building in Riga, Latvia, 4 255.4 sq.m - picture 18
  • Property ID on Prian.info: 3821726
    Last update: 19.10.2023
    Number of views: 1228

1 500 000 €

Commercial apartment building in Riga, Latvia, 4 255.4 sq.m

4255 sq.m 11% per year

  • Property ID on Prian.info: 3821726
    Last update: 19.10.2023
    Number of views: 1228

Specifications

Sale price 1 500 000 €
Price per square meter 352.49 €
Floor area 4 255.4 sq.m
Construction phase Resale
Number of storeys 5
Address Latvia, Riga, Lacplesa Street 125

Finance

Profitability
Annual return 11 %

Return (initial profitability) - rental income (excluding expenses) / price of the object excluding expenses*100%

Annual income 165 000 €

Annual rental revenue, excluding operating expenses


Description

Commercial and residential building complex for sale, 11% annual income per year.
The property is located in the centre of Riga, Lāčplēša Street 125 (the former shoe factory "Erglis"), which consists of three objects:
1. Complex, which consists 7 buildings with a total area of ​​4255,4 m2.
2. A plot of land - total area 2311 m2.
3. Non-residential building Krāslavas iela 9, with a total area of ​​326.7 m2.
- the buildings are apartments for rent, offices, gyms, restaurant, warehouses.
- heating - pellet boiler
- city water and sewage
- electrical connection capacity with reserve
- a well-built buildings (brick and stone)
- freight elevators are in working order
- parking lots are in the yard and from the side of Krāslava street

Building area:

- 6-storey building - 1223,9 m2
- 5-storey building - 916,5 m2
- 1-storey building - 256,7 m2
- 2-storey building - 839,3 m2
- 1-storey building - 44,4 m2
- 4-storey building - 853,6 m2
- 1-storey building - 121,6 m2
- Warehouse (9 Krāslavas Street) - 326,7 m2

• Location: nearby shops, cafes, schools and kindergartens, convenient public transport.
• Parking: in the yard
• Communications: autonomous heating boiler, available internet, city water supply, city sewerage
• Security: live security

More information by calling or writing an email


Contact seller

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Representative

Aleksey
Broker
Languages: english
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Seller
Aleksey Broker

Metropolis Riga

Languages: english
Contact seller