Latvia
City of Riga
Turkish restaurant in the city center
Commercial premises for long-term lease
(5 years with the right of extension) for a Turkish restaurant.
The location is excellent: the central lively street of Riga.
The restaurant occupies the first floor of 65m2
For sale a room on the ground floor + a dry basement of 65m2 with high ceilings
There is an approved project to increase the first floor by 25m2 to the courtyard.
Large courtyard with parking.
A separate entrance to the basement from the courtyard is possible.
Parking is possible along the street.
Total area: 130m2
Net rental income: the tenant pays only for the first floor
65m2 x 15€ = 975€+21%VAT =1179.75€/month ( 14,157€/year)
Profitability: 8.3% per annum
Price: 170,000€
