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Investment 1 900 m² in Riga, Latvia

Latvia, Riga
$912,023
$480/m²
;
Investment 1 900 m² in Riga, Latvia
1
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Address Address
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Description Description
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ID: 3424543
Property ID on Realting
In CRM: 94863
ID of the ad on the website or in the company’s CRM
Last update: 27/05/2025

Location

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  • Country
    Latvia
  • City
    Riga
  • Address
    Krasotaju iela

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    $480/m²
  • Total area
    Total area
    1 900 m²

Description

An investment complex consisting of two plots of land is sold.
The property is located in a quiet center near the Ziedondarss and Grizinkalns parks, as well as the reconstructed Koka Rīga center.
Very convenient transport links.
The first part is 1100 m2 of land, on which the complex is located, consisting of office, warehouse and production facilities with a sauna and swimming pool (total area of 1500 m2). Renovation of the heating system and insulation was carried out, which reduced heating costs by 3 times.

The second part is 800 m2 of land, on which there is a ready-made hotel project (you can replan for an apartment building) with an area of ~ 2000 m2 and 37 rooms with a building permit (red seal).
Nearby are two large empty plots of land, which allows you to build almost a new quarter.


According to the latest estimate, the cost of the object is 792700 EUR, not counting the income from the implementation of the hotel project with an estimate of another 800000 EUR, and the entire investment portfolio is estimated at 1.4 million EUR.


Cosmetic repair of office premises was carried out. The complex is leased with a yield of 8% per annum.




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Latvia, Riga
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Investment 1 900 m² in Riga, Latvia
Latvia, Riga
$912,023
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