Commercial property 248 m² in Riga, Latvia

Latvia, Riga
€600,000
€2,419/m²
;

Location

  • Country
    Latvia
  • State
    Vidzeme
  • City
    Riga

Property characteristics

Property parameters

  • Price per m²
    Price per m²
    €2,419/m²
  • Total area
    Total area
    248 m²

Description

Latvia. Riga Auto Service in the garage cooperative Autoservice in a garage cooperative on the outskirts of Riga. Opposite the car service is one of the largest auto parts stores. The area of the premises is 248.9 m2: 1st floor 201 m2, 2nd floor - 47.9 m2. Ceiling height in boxes 5.2m Land area: 300 m2, of which 235m2- are owned and 65m2- are leased from the state ( road to the ) motor service owned by 20 garages, everything is listed in the land book. The owner handed over the car service to the tenant. Rent 4000 € per month + VAT and utilities  . Nearby, adjacent land is leased from the state, on it you can build a self-service machine. Tenant income 25,000 € per month Service is untwisted, constantly many customers. Equipment owned by the owner of the car service. There is a large customer base. Rental income per year: 48,000 € ( 8% per annum ) Price: 600,000 €
Updated at: 03/11/2023

Location on the map

Latvia, Riga
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