Commercial real estate in Riga, Latvia

Specifications
Object ID on company website:
630
Country
City
Price
€ 900 000
Object area
2382 m2
Land area
961 m2
Number of rooms
17
Description

Property is located in theprestigious embassy district ofRiga called “silent centre”, nearOld Riga, the dock forpassenger ships, the Riga YachtClub and the new Skanstebusiness district. Most of Riga’smajor entertainment, socialand cultural institutions are ashort walk from the property.

Multi-storey residential house project in the Centre of Riga City.
Luxury location, for high class residential building.

Land area 961 m2, Most of demolishion works are done as well as all preparation works are
finished (geology, topography etc.);

Currently all construction works are on hold and several project solutions are available. Property has valid construction permit and technical project.

Total area of planned buildings planned 2 382 m2.
According to current plans number of storeys of 2 buildings are 4 and 6 storey, number of apartments: 16.

Approximate realization expenses
– Construction costs: 1000-1100 EUR/m2

Realization income
– Sales of apartments: 3 000- 3 300 EUR/m2
– Sales of parkings: 40 000 EUR/parking



Property is located in theprestigious embassy district ofRiga called “silent centre”, nearOld Riga, the dock forpassenger ships, the Riga YachtClub and the new Skanstebusiness district. Most of Riga’smajor entertainment, socialand cultural institutions are ashort walk from the property.
Seller
About company
Ирина Алазова
Ирина Алазова
Manager
Mercury Group
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Commercial real estate in Riga, Latvia