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An apartment building in Riga Old Town

Riga, LatviaUnlock address

90%

€2.300.000

Residential investment

#14549

Value-Add

25 Mar 2024

Property Details

Broker

Under offer

2,927 m²

Leasable area

86

785.79 €/m²

5.00 %

86

Freehold

X

Fees

3.00 %

0.00 %

1.50 %

1.00 %

0.50 %

Investment Overview

The owner is selling a building on Pasta Street 6 with a view on river Daugava. Building permits for the renovating of the entire building, facade and replacement of windows have been approved. It is possible to start the construction works immediately after the purchase of the building, as all the construction documentation has been agreed in the state institutions. About the building: - the total area of the building is 2927 m2; - the total useful area: 1918 m2 (including two small basements with a total area of 33.5 m2); - land plot area: 630 m2; - all city communications are available - heating, electricity, water and sewerage. New electricity meters with remote reading have been installed; - 86 rational apartment plans with an area from 15 sq.m. to 74 sq.m have been created for the building. It is possible to make changes.