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800 000 €

Investment project in Riga, Latvia, 1 900 sq.m

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  • Investment project in Riga, Latvia, 1 900 sq.m - picture 1
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  • Investment project in Riga, Latvia, 1 900 sq.m - picture 1
  • Property ID on Prian.info: 3029272
    Property ID on company's website: 14376
    Last update: 01.08.2023
    Number of views: 768

800 000 €

Investment project in Riga, Latvia, 1 900 sq.m

1900 sq.m

  • On the map
  • Property ID on Prian.info: 3029272
    Property ID on company's website: 14376
    Last update: 01.08.2023
    Number of views: 768

Specifications

Sale price 800 000 €
Price per square meter 421 €
Floor area 1 900 sq.m
Construction phase Resale
Address Latvia, Riga, Krasotaju (Centre)

Description

For sale is offered investment complex, consisting of two plots of land.

The complex is located in a quiet center, near the parks Griniņkalns and Ziedoņdārzs as also reconstructed center “Koka Rīga”.

The very convenient transport location.

One part – 1100 m2 of land with complex, consisting of offices, warehouse and production rooms as also sauna and swimming pool (with total area 1500m2). Was made renovation of the healing system and building insulation, this reduced the healing costs by three times.

Second part – 800 m2 of land with ready hotel's project (possible to rebuild to an apartment house) for ~2000 m2 area and 37 rooms with building permit up to 2022 (red stamp).

There are two big empty plots of land nearby, this allows to build practically new quarter.

According to the latest assessment, the value of property is 797 000 Eur, which not contain the sum of 800 000 EUR from the hotel's project realization. The total investment portfolio assessment is 1 400 000 EUR.

Was made the office rooms renovation. The complex is rented with an annual income of 8%.





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