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Investment object in Riga Old Town

Riga, LatviaUnlock address

88%

€5.950.000

Residential investment

#14906

Value-Add

25 Mar 2024

Property Details

Broker

For sale

5,500 m²

Gross area

137

1,081 €/m²

5.00 %

137

Freehold

X

Fees

3.00 %

0.00 %

1.50 %

1.00 %

0.50 %

Investment Overview

The building is located in Riga Old Town Zone. Everything is prepared to start active construction works. Almost all necessary demolition works are finished. Project is approved by the government. Perfect location for Apartment Income House with apartments of different sizes: starting from 18m2 studio to 60m2 apartment with 2 bedroom. According to the project building will have 137 apartments, co-working space, gym, laundry, storage, reception, yard. The total property size - 5179 m2 Total land plot size - 1286 m2 Total usable property size after reconstruction – 5500 m2 Tenants get amazing view on Kronvalda Park, Daugava river, Old Town and Cable-Stayed Bridge straight from their apartments.