Perhaps the best offer for investing in a currently profitable apartment building in the very center of Riga. The building, after a complete renovation and in perfect technical condition with wear of up to 10%, will yield to come for many decades, commissioned in 2021.
The total area of the building is 1527 m2, located on a plot of 657 m2, with 6 parking spaces, and entrance to the territory through automatic gates. The property is situated in a quiet location shielded from city noise.
There is complete technical documentation for the renovation work, including the design and structural aspects. Relevant examinations were conducted before and after the renovation, and energy efficiency certificates for the building and all premises were obtained. Additionally, the project for connection to central heating from AS 'Rīgas Siltums' has been approved.
During the renovation work, the following was done:
All rooms and apartments have high-quality repairs, built-in furniture, and appliances. The property consists of 14 separate compartments (including apartments and commercial rooms) with assigned separate cadastral numbers (not shared ownership). The building has a combined use status:
To provide the building with additional hot water, two boilers with a capacity of 500 liters are used – this system is connected to forty solar panels that are installed on the roof of the building. The total income from the long-term lease of all premises is 9% per annum.
The property is not mortgaged and has no debt obligations to utility providers. It is well suited for mortgaging by all major banks in Latvia. Considering the rapidly growing demand for the purchase of profitable real estate in the center of Riga, this offer is completely competitive, new, and highly liquid on the market today.
Contact us and we will arrange a viewing of this property and provide all the comprehensive information and documentation for this property in the near future.