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Complex of three buildings in the center of Riga for sale

€4.500.000

Residential investment

#14900

Value-Add

19 Mar 2024

Property Details

Broker

For sale

3,770 m²

Leasable area

40

1,193 €/m²

5.00 %

40

Freehold

X

Fees

3.00 %

0.00 %

1.00 %

1.50 %

0.50 %

Investment Overview

- Empty and ready for the redevelopment - There is an active building permit - Reconstruction project is approved - According to the project, the buildings will be reconstructed as residential apartments + apart hotel. Three buildings with total area 3,770 m2: • Building 1 (Main building): Six storey building (built in 1900) with total area 2,113 sq.m. • Building 2 (building at Terbatas): Historical three storey building (built in 1900) with total area 722 sq.m • Building 3 (Yard building): Four storey building (built in 1900) with total area 935 sq.m Land plots with total area 1045 m2, freehold