Apartment house in city Riga
2900.00 sq.m.

€ 3 300 000
Profitable object in the center of Riga

The facility is located in the most active center of Riga and has been popular since Soviet times, when there was a well-known cinema. Now the building has been renovated and converted into a multifunctional center. Stable tenants - chamber concert hall Daille, famous restaurant Osiriss, shops and offices.

The building is located at the crossroads of Lachplesha and Barona streets - the epicenter of commercial activities, streettrip and cultural life of the city.

The object is sold with current yield. Put on 98%. There is the potential for additional construction.

Total area of ​​the building: 2902 m2
Living space: 2727 m2
Number of floors: 2 + basement
The plot of land: 1788 m2
Property tax: EUR 22,000 / year
Yield: Current net income (triple net) 205,000 EUR / year
Usage: commercial space, offices, cinema / theater
Communications: central heating, urban water and sewerage, electricity
Potential: The building was designed 5-storey and the corresponding foundation was made, but only 2 floors were built. There is a prospect for development.
Additional services:

We will help with a loan from the bank
Payment by installments
Property management after purchase

Seller information

Seller type Agency
Company Metropolis Riga

Location of the property on the map

Similar offers