Commercial property in Riga, Latvia

A 1,020 m² plot of land is available in the promising residential area of ​​Čiekurkalns in Riga. Situated behind the railway, amidst a developed residential development, the plot offers stable rental income and the potential for future commercial development.

Plot:
- Total area: 1,020 m²
- A 431 m² portion of the plot is occupied by residential buildings
- The residential buildings are located on the plot under lease
- A long-term lease agreement has been concluded with the Riga Municipality
- Rent payments provide a stable income in accordance with Latvian law
- Rental income fully covers the annual property tax
- Vacant part of the plot: 589 m²
- The vacant area can be used for parking
- Commercial development potential

Project/Development:
- Approved project for a car service center from 2004
- The project can serve as the basis for further development of the plot
- Possibility of updating the design documentation in accordance with current requirements

Location:
- Čiekurkalns district, Riga
- The plot is located behind the railway
- Surrounded by developed residential buildings
- Area with good infrastructure
- Promising location for commercial use

The plot is suitable for investors who They are looking for a property with a stable current income and additional development potential, including parking or commercial development.

Additional information is available by phone or email.