Property building for sale, Lāpstu street, Sarkandaugava / 375000€

Property description

Multi-functional building with land.

A 4-storey building is for sale, currently housing a Vesko store, a hair salon, a dance studio, offices, warehouses, and an apartment with a terrace on the top floor.
The building was constructed in 1999 and is in good technical condition.
Autonomous gas heating.

The courtyard offers space for 5 parking places, as well as 2 garages inside the building.

- Approximately 60% of the building is currently leased out. No new tenants are being attracted because the property is for sale. The current return on investment is around 7% per year, with potential to increase it by raising rental rates, which have not been changed for a very long time, as well as by fully leasing out the property.
- It is possible to terminate all lease agreements by notifying tenants in advance.

The property can be converted into an apartment building and expanded by adding at least one more floor.

• Location: shops and cafes nearby, schools and kindergartens nearby, convenient public transport
• Parking lot: free parking on the street
• Communications: gas heating with individual meter, internet available, television available, city water supply, city sewage
• Security: closed territory

Object on the map