Commercial in city Riga
1883.00 sq.m.

upon request
An attractive opportunity in the active city centre in Riga, next to the shopping centre “Kids World” and near the intersection of two streets with high pedestrian flow and developed infrastructure. The real estate property consists of 1883 sqm three-storey building and 1058 sqm land plot. At the moment, all premises are leased to fitness centre.
The building has flexible floor layouts that allows to realize different type of projects. One of possible scenarios is office centre project with open-space layout. Fully leased property at the market rent rate level that is around 9-10 EUR/sqm will generate net operating income up to EUR 115 000 - 130 000 per year. There are up to seven parking lots in the backyard, as well as a multi-storey parking located 100 meters away from the property.
The real estate property will be sold via auction. Starting price - EUR 920 000.
Additional documentation and information is available upon the request.

Location of the property on the map

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