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Riga Commercial Property For Sale

Riga, Rigas
Asking Price:
Over $5M (USD)
Sales Revenue:
Available on request
Cash Flow:
Available on request

City: Riga
Country: Latvia
Currency & Price: EUR 7000000
Description: Real estate in Riga monument of culture of the state value
Total area: 1803,60 sq.m., a useful area of 1547,9 sq.m.

Commercial property.
Property consists of 2 4-storied buildings.

The object was built in 18 century. Buildings are reconstructed in 1998. Repair was made in 2000.
Bearing designs: the bases – a stone, external walls – brick, overlappings – a tree, a roof – a tile.
Total area: 1803,60 sq.m., a useful area of 1547,9 sq.m.
House condition for today: in 1998 major repairs are completely made, including the base is strengthened, overlappings, windows, engineering communications, a roof are changed. The building is reconstructed for tenancy for bureau and commercial premises. The house is equipped by the new modernized fire-prevention and security alarm system. 24 hours of visual protection and the porter. The house is provided by a city central heating, the water drain, cold and hot water.
Monetary stream: at present 18 lease contracts for the term of 7-10 years are concluded, common profit in a month makes – 27 953 dollars. Including the VAT. All useful area is completely leased and thanks to favourable conditions and a house site here invariably great demand. Among our clients there are legal and financial consulting bureaus, Spa the centers, stomatology, etc.

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