Investment 134 m² in Riga, Latvia

Latvia.Riga Package of apartments with guaranteed income Offer for investors with the possibility of obtaining VNZH in the EU for the investor and his family! Guaranteed rental income! A package of at least 4 apartments in a remodeled residential building in the historical center of Riga. The beginning of the reconstruction is October 2015, commissioning - April 2016. The building is built at the beginning of the last century, located in a unique place - in the historical center of Riga with its unique spirit, tranquility, dimension and convenience of life. Nearby are all the necessary infrastructure: public transport stops, shops, cafes, restaurants, pharmacies, etc.p. A guarded indoor parking is located 5 minutes walk. The Old Town is only 15 minutes away. The reconstruction project provides for the complete renovation of a residential building with 12 designer apartments of different sizes. Total usable area of the building: 540m2 The area of apartments is from 30m2 to 69m2. The price of selling the package includes: - apartments (minimum 4) with designer interior, furniture and all necessary household appliances, - individual meters for heat, water and electricity, - assistance in registering VNZH in the EU for the investor and members of his family, - assistance in obtaining a mortgage loan from a bank with an interest rate of 4% per annum. The building will be completely renovated by the time of commissioning, with internal design decoration of the premises, new communications, new plumbing, new electrical wiring, and a central heating system. Package cost of 4 apartments: 214,400 € Guaranteed rental options: 1. long-term rental - guaranteed net income of 5.8% per annum 2. transfer of apartments to management - guaranteed net income of 7.1% per annum It is still possible to transfer apartments of the management company for short-term leases. In this case, there is no guarantee of income, but calculations show that when loading 70% per year, net income is 11.9%, taking into account all management expenses and taxes. Payment Plan: 1. 30% - collateral money agreement, when booking; 2. 40% - the building was renovated, communications were laid, the apartments were replanned, the gray finish was completed; 3. 20% - the apartment is completely finished, plumbing and lamps are installed; 4. 10% - the apartment is fully equipped with household appliances and furniture, ready for rental. Apartments are transferred to full ownership with the inclusion of investor rights in the State Land Book. The management company, ready to take the apartments for management and for short-term rent, has extensive experience in renting out apartments, the whole process is debugged and does not bring any additional worries to the investor. The liquidity of apartments in this area is high, the annual price increase is 3-5%. The cost of a package of 4 apartments: 214,400 €