Commercial in city Riga
7401.00 sq.m.

€ 3 600 000
Warehouse complex consists of buildings 7401.1 m² and land 47290 m², office building 1343.3 m², office space 1210 m², all communications, recently renovated building, warm customs warehouses 5286.6 m², high ceilings 4.3 m - 4.9 m, roof metal construction , floor level, good condition, hangar, unheated 357.1 m², ceiling height 6 m, hangar 414.4 m², shed 800 m², garage 4 units, part of the land leased 11044 m², for railway use and truck fleet. The area is fenced with a metal fence, has an entrance gate, has a 24-hour security and controlled entry and exit. All buildings are renovated, in good condition with proper repairs, all communications, renovated heating unit, which gives a reduction in heating costs. The property has a 400 amp electrical connection. The plot has a working railway, the railway is owned by a third party, but the rented land is charged. All buildings and some of the land are leased. The annual rental income is 341520 EUR excluding VAT. Estimated cost for owners 48000 EUR per year. Real estate tax of 24500 EUR per year and employee costs (3 employees). An additional increase in the profitability of the warehouse complex is possible due to the construction of new warehouses, which allows its own territory. There is still the internal potential of the entire complex, including the railway.

Seller information

Seller type Agency
Company Lets Real Estate

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