Investment 2 075 m² in Riga, Latvia

Latvia, Riga

$808,533

$390/m²

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ID: 3454222

In CRM: 170703

ID of the ad on the website or in the company’s CRM

Last update: 17/06/2025

Location

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Country

Latvia
City

Riga
Address

Flotes iela

Property characteristics

Property parameters

Price per m²

$390/m²
Total area

2 075 m²

Description

We sell a warehouse with an area of 2075 m2 located between the Daugava River and the bay in the area of Riga - Daugavgriva. The ceiling height is 7.3 meters. At the moment, the warehouse is leased to the port. Sold as real estate. A lease agreement will be concluded with the new owner for a period of at least 5 years. Together with the warehouse, electronic car weights with a carrying capacity of 60 tons are sold, which are also leased by the port (new scales of this type cost about 80-100 thousand euros). Libra in perfect condition (servicing 500 lats per year).

The current lease agreement was concluded from 2012 to 2017 and provides for a gradual increase in rent. Under the current lease agreement, the average flow from the lease (warehouse and weights) for the period from now to 04.2017. is about 56,000 euros per year (+VAT). In turn, since 2015, about 60,000 euros per year.

The property tax is up to 2,000 lats per year (about 2,800 euros).

A profitable object is sold in the port (Daugavgriva, formerly Ust-Dvinsk).

Warehouse for storage of bulk materials, which is located 200 meters from the piers. Built in 2003, Concrete Sedwich, concrete floor. Perfect condition. Area 2075 sq.m.

The land plot (owned) is 7500 sq.m. fenced. On the site it is possible to build another warehouse with an area of about 2000 square meters, which will double the rental flow.