Shop in Riga, Latvia, 6 984.8 sq.m

Shopping center located on the main street of the city, next to river, between other retail spaces and shopping centers shopping centers.

- Building is in good condition with great potential to improve profitability.
- Best usage for building is long term commercial rent for offices and grocery store.

To prepare premises with 2nd floor retail space required minimal investment approximately € 1 527 000 to prepare offices and retail space for rent for price (7,5 € / sqm) with NOI €486 311 (7,54% yield).

To prepare premises with 2nd floor office space required minimal investment approximately € 1 810 000 to prepare offices and retail space for rent for price (8,5 € / sqm) with NOI €526 415 (7,82% yield).

Exit sales price for renovated and leased property with 7,5% cap rate would be €6 500 000 – €7 000 000. Property can be renovated, fully rented and exited within 15 - 18 months.