We offer for sale investment object in Riga Old Town - Noliktavas str. • Exclusive property

We offer for sale investment object in Riga Old Town - Noliktavas str.

noliktavas 5, riga

5,355,000 €

Property ID: 3885

We offer for sale investment object in Riga Old Town - Noliktavas str.
The building is located 300m walk till Riga Old Town, 800m walk till ferry pier Tallink, 7 min by taxi till Rail Station and 20 min by taxi till Airport.

The total property size - 5179.30 m2
Total land plot size - 1286.00 m2
Total usable property size after reconstruction – 4162 m2

The layout is of a cabinet type, a spacious courtyard providing natural light to the rooms overlooking the courtyard. All city communications are available - heating, electricity, water and sewerage.

Building type: Administrative building.
Everything is prepared to start active construction works - NOW. Almost all necessary demolition works are finished. Project is approved by the government. Don't have to waste 2 years on development and approval of the project with government. That will save a lot of money.

Perfect location for Apartment Income House with apartments of different sizes: starting from 18m2 studio to 60m2 apartment with 2 bedroom. According to the project building will have 118 apartments, co-working space, gym, laundry, storage, reception, yard. 7 floors of usable area including: basement, 5 overground floors and attic. Apartments will have astonishing rare views on Daugava river and Kronvalda park.

The project already has a western tenant/atelier ready to lease the hotel for 20 years with a fixed monthly payment, immediately upon completion of reconstruction.