Investment property, Blaumaņa street, Centrs / 350000€

Property description

Investment object in the center of Riga, in a beautiful building.

Spaces are located on three levels:

1st floor 142.5 m2 (Commercial premises with entrance from the street)
Ground floor 49.4 m2

2nd floor 148.5 m2; (Possible to create 4-5 short-term rental apartments).

+ Previously, there was a gym with a large dance hall and changing rooms on the second floor;
+ Autonomous gas heating;
+ Closed parking in the courtyard;
+ All necessary communications;
+ Separate entrance to the apartment on the second floor from the staircase;
+ Direct entrance from the street on the ground floor;

1st floor 142.5 m2
2nd floor 148.5 m2;
-1st floor 49.4 m2.

To create four short-term rental apartments and successfully lease the first floor, the total investment is 300,000 EUR. Potential yield 9.3%.

Request investment calculations privately.

• Finishing: requires cosmetic repairs
• Equipment: plumbing installed, shower, office premises
• Layout: premises both isolated and connected
• Building description: entrance from the facade side, facade building, pre-war period building
• Location: shops and cafes nearby, schools and kindergartens nearby, convenient public transport, intensive pedestrian traffic, intensive vehicle traffic
• Parking lot: parking in the courtyard
• Area, type of retail premises: for medical company, bar, kindergarten, catering company, hostel/hotel, club, massage parlour, beauty salon, sports club, shop
• Communications: autonomous boiler, optic internet available

Object on the map