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FOR SALE: OFFICE BUILDING WITH EXCELLENT RETURN ON INVESTMENT
Address: Valmieras Street 31, RigaFor Sale: 2/3 of the propertyTotal Building Area: 780 m²Sale Area: 504 m²Land Area: 2282 m²
For sale: 2/3 share of a three-story office building located at Valmieras Street 31, Riga. The property includes 6 garages and a spacious land plot with parking for 25-30 cars. All saleable premises are rented, ensuring a stable income stream.
RETURN ON INVESTMENT:
Currently, 6 lease agreements are in place + all 6 garages are rented.
One office space is currently vacant, increasing potential income.
Current yield: 9% per year
UTILITIES & INFRASTRUCTURE:
Gas heating
City water and sewage
Large courtyard parking area
CO-OWNERSHIP STATUS:
Co-ownership agreement registered in the Land Register
Agreement clearly defines which parts of the building and land are shared
In the attached land plan, A section is shared ownership, C section is for sale
This is an excellent investment opportunity with a stable income stream and development potential.
Price and additional information available upon request.
Property characteristics
Building parameters
Number of floors
3
Floor
3
Rooms
20
Total area
775 m²
Location on the map
Latvia, Riga
Education
Grocery stores
Food & Drink
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