The 4 floors of the building will house office space, conference rooms, and bathrooms; a café is planned on the top, attic floor of the building. The usable area of the proposed building is 1,750 m2. The planned area of office space: from 20 m2 to 83 m2. It is possible to adjust the area to the specific needs and wishes of clients. The ceiling height is 3 m. All premises will be equipped with a modern air conditioning system, and all offices will have telephone, Internet, and TV connections. The panoramic windows will offer a wonderful view of the green landscape of Pardaugava. The underground level of the building will house 25 parking spaces for office workers and clients.
By additionally investing a tenth of the building's value in this project, namely 10% (EUR 250,000), it is possible to increase the usable area of the building to 2,500 m2, according to the client's requirements and wishes.
In this case, the construction costs, including the purchase of land, will amount to EUR 2,750,000. Taking advantage of the maximum opportunities to increase the usable area of the building to 2,500 m2, the projected value of the office building after completion will be approximately EUR 5,000,000. The calculations were made on the basis of comparative methods and calculations of real estate companies, taking into account the trends in real estate prices in the coming years. Equivalent objects in terms of floor area and land, which were restored on the basis of old buildings of this type, cost approximately EUR 2,700,000 - 3,800,000. Calculation formula: 100% cost of a new facility, projects and buildings of the old type 50% - 70% of the cost of a new project.
Project stage:
Technical design of the building (general plan, architectural solutions and building structures) - accepted in 2007 by the city construction department. This means that construction of the new project can begin now, having previously received a building permit for a period of 12 months.
- land area - 2515 m2;
- total area of the building - 2469 m2;
- usable area (excluding stairwells, vestibules, etc. It is possible to increase this area to 2500 m2) - 1750 m2;
- number of parking spaces - 25;
- projected rent of premises per 1 m2 per month - from 10 to 14 euros;
- projected income from renting out premises and parking spaces per month (~ 24,500 euros);
- projected cost of the office building after completion of construction ~ 5,000,000 euros;
- costs of building construction taking into account the purchase of land ~ 2,500,000 euros;
- construction period - 12 months.
A land plot for mixed development on Jaunpils Street, Riga, with a new category B1 office building - "Spāresbirojucentrs".
Office building Spāres BirojuCentrs is a new class B1 business center, which will be located in one of the most promising areas of the city of Riga - Pardaugava. Thanks to its favorable location, you can get to the object from the center of Riga in a few minutes, avoiding traffic jams. 2 elite class A office buildings Z-Towers are located at a distance of 3 minutes by car. The multi-story exclusive residential complex Panorama Plaza is a 3-minute walk, one of the largest stores of construction and household goods Depo is a 10-minute walk. The center of Riga can be reached reachable by car in 5 minutes (distance 4 km). International airport Riga – 5 minutes by car (distance 3.5 km). The famous seaside resort Jurmala is located 15 minutes by car from the property.
Construction is permitted up to 4 floors inclusive. All city communications are provided: water, gas, electricity, etc. There are 2 main possibilities for using the office building: 1. An investment object that brings in a constant income for many years from renting office space; 2. An office of a company that operates interritory of Riga, Latvia, Baltic region. Technical description: reinforced concrete supporting structures and glass elements in the facade design were used in the construction of the building. The following materials were used for interior decoration: gypsum plasterboard partitions painted in the selected color or glass partitions; suspended ceilings; floors - as a basic option - soft floor covering; Internet, telephone, TV connection is provided, etc.
The land plot with the approved project of the office building (excluding construction costs) costs 295,000 euros. The land is for mixed development, which can be used for both private home construction and commercial purposes.
