Commercial property 3 138 m² in Riga, Latvia

Leasehold Apartment complex in Riga center for sale.

• 43 apartments
• 7 floors with basement
• Leasable area: 2 552 m2 / total area: 3 138 m2
• Land-plot 1 013 m2 with courtyard 440 m2
• Sales revenue is split by residential/offices/retail accordingly: 74%/16%/10%.
• 1st floor & basement has retail specific tenants (beauty salon and photo shop/studio); whereas, on the 4th floor there are offices of the companies related to the PORTFOLIO
• Free parking available on nearby streets
• Fully reconstructed in 2017
• Average rent price for the apartments: 8.8 EUR/m2
• Fully let
• Net operating income in 2021 expected 215 TEUR

Location:
- Spacious recreational green area: ring-fenced courtyards with playground for the children
- Surrounded by magnificent and vast green park area available for walks and outdoor sport activities (parks called: Miera darzs – the Garden of peace - and Klusais darzs – the Silent garden)
- Just 10-15 minute walking distance form the Central Business District and the old town
- Excellent access to the public transport: (a) trolleybus, tram and bus stops 3-5 min. (b) central railway station 10 min on foot. (c) Airport – 15 minutes by taxi or 35 minutes on the bus (number 22). (d) the terminal bus stop/major hub (street Abrenes) for all the buses in Riga just 5-minute-walk away.