Investment property, Vagonu street, Centrs / 1250000€

Property description

Investment object in the center of Riga near A. Deglava bridge, Vagonu street 39, fully leased, yield 9.1%.

+ plot of land (6987m2)
+ 8 buildings (total 3808m2, rentable 3200m2):
+ car repair shops of various sizes (1800m2),
+ furniture production plant (360m2),
+ office building with artists' workshops (440m2),
+ store and other types of premises (600m2).

+ There is a spacious parking lot for 70 cars in the yard (all rented).

+ The plot of land is located in a nice built-up area, in the future it is possible to build a new multi-apartment or office building, ~4-6 floors (~10-15000m2). While the design process is underway, the facility can continue to be rented out.


+ All city communications: Water, Sewerage, Electricity, Heating (central heating with local gas boilers in some buildings), TET optical internet.

+ The buildings are in satisfactory technical condition, a new roof has recently been replaced for most of them, the buildings are constantly managed and maintained.

+ The yard has access from two sides, Vagonu Street and Suntažu Street, with automatic gates on both sides. The area is closed at night.

+ Easy access by both light and commercial vehicles, free parking on the street.

Object on the map