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Commercial land plot in Riga

Riga, LatviaUnlock address

100%

€1.250.000

Land

#11755

Value-Add, Opportunistic

2 Feb 2024

Property Details

Authorized representative

Sold

19,090 m²

Freehold

Commercial

34,200 m²

Mixed-use area (commercial and residential development allowed)

Green-field for commercial development. Mixed-use construction area (commercial and residential development allowed). Maximum number of floors - 5 (with min free territory of 30%). The maximum intensity of 180%.

X

Fees

4.00 %

0.00 %

2.00 %

1.50 %

0.50 %

Investment Overview

-> The green-field is located on Karla Ulmana avenue, next to the Orange cash&carry retail center; -> The nearby business environment is dominated by retail. Main retail units nearby- Orange (cash&carry), Maxima, Sky, Rimi, Depo and K Senukai DIY, SC Spice, PFS CircleK and VIADA, car retailers WESS Motors and Moller Auto; -> The geographic location and convenient access to infrastructures, such as main roads, public transport, and utilities make Karla Ulmana avenue the place-to-be for commercial and residential developments; ->Good accessibility by private and public transport: public transportation stops are located close to the property; ->Riga International Airport is 8 min. away, 10 min. to the city center, with rapid access to any part of Riga; ->Karla Ulmana avenue is beginning of one of the major highways in Latvia A10 – Tukums – Talsi – Ventspils well connected with A5 and A9 – Saldus – Liepaja. Granting the best access to Kurzeme regional cities from a logistics perspective.