The investment complex is for sale.
€800 000
ID 98516
Uploaded 08.07.2025
Key features
Details
Property description
For sale investment complex, consisting of two plots of land.
The property is located in a quiet center close to the Ziedondarzs and Grizinkalns parks, as well as the reconstructed Koka Riga center.
Very convenient transport links.
The first part - 1100 m2 of land, on which there is a complex consisting of office, storage and industrial premises with a sauna and a swimming pool (total area of 1,500 m2). The heating system was renovated and insulated, which allowed to reduce heating costs by 3 times.
The property is located in a quiet center close to the Ziedondarzs and Grizinkalns parks, as well as the reconstructed Koka Riga center.
Very convenient transport links.
The first part - 1100 m2 of land, on which there is a complex consisting of office, storage and industrial premises with a sauna and a swimming pool (total area of 1,500 m2). The heating system was renovated and insulated, which allowed to reduce heating costs by 3 times.
The second part - 800 m2 of land, on which there is a ready-made hotel project (can be re-planned for an apartment building) with an area of ~ 2000 m2 and 37 rooms with a building permit (red seal).
Nearby are two large empty land, which allows you to build a practically new quarter.
According to the latest assessment, the value of the object is 792700 EUR, not counting the income from the implementation of the hotel project with an estimate of another 800000EUR, and the entire investment portfolio was estimated at 1,400,000EUR
Redecorated office premises. The complex is leased with a yield of 8% per annum.
Agency: Mercury Group Ltd
