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  5. Investment 1 900 m² in Riga, Latvia

Investment 1 900 m² in Riga, Latvia

Latvia, Riga
$942,356
$496/m²
;
10
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ID: 176162
Property ID on Realting
In CRM: 14376
ID of the ad on the website or in the company’s CRM
Last update: 07/07/2025

Location

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  • Country
    Latvia
  • City
    Riga
  • Address
    Krasotaju iela, 20

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $496/m²
  • Total area
    Total area
    1 900 m²

Description

Since the sale is offered the investment complex, consisting of two parcels of land. The complex is located in a quiet center, near the Griniņkalns and Ziedoņdārzs parks as well as a rebuilt center “ Koka Rîga ”. The very convenient transportation location. A part – 1,100 m2 of land with complex, consisting of offices, warehouse and production rooms as well as sauna and swimming pool (with a total area of 1500m2). Renovation of a healing system and construction of isolation was made, it reduced expenses which are cured three times. Second part – 800 m2 of land with the hotel project ready (possible to rebuild to a block of flats) for area ~ 2000 m2 and 37 rooms with building permit until 2022 (red seal). There are two large empty parcels of land nearby, this allows the practically new room to be built. According to the last evaluation, the property value is 797,000 Eur, which does not contain the sum of 800,000 EUR of the hotel project. The evaluation of the total investment portfolio is EUR 1,400,000 Office rooms were renovated. The complex is rented with an annual income of 8%.

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Latvia, Riga
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Investment 1 900 m² in Riga, Latvia
Latvia, Riga
$942,356
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