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Fast, free and convenient selection of real estate in Latvia

For sale are offered trade center with stable income

SOLD

Paulina Oleinikova

Sales and Investments Associate
GSM: +371 28007718
E-mail: [email protected]

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ID code: 7974
Location: Riga / Mezciems / Gailezera
Type: Commercial premises
Floor: 1/ 2
Size: 11 383 m2
Land area: 25 021 m2
Price: SOLD
Parking
Description

For sale are offered successfull Operating trade centre building in one of the most densely populated district. Excellent public, retail and services infrastructure, easy access and commute from Riga city centre.

Shopping center with total area 11 383 sq.m including:

- two-storey trade centre (about 9,000 m2), including:
* Rented retail area on ground and 2nd floor (6,500 m2);
* Not used underground floor (2,410 m2);
- Warehouses – 2,266 m2.
Land plot with total area 25,021 m2.

Operating trade centre are rented out for this tenants:

- Food chain RIMI – 740 m2;
- Drogas – 200 m2;
- Latvijas pasts – 210 m2.
- Etc.
Other premises are rented out to local companies.

Not used underground floor.
Warehouses – partly rented out

DEVELOPMENT POTENTIAL: Option 1: Reconstruction and rent out of vacant premises (including underground floor) could give additional net cash flow growth
Option 2: To construct up to 100,000 sq. m. of aboveground office and/or residential space. Allowed height is 17 floors.

ANNUAL NET CASH FLOW:
≈ 380,000 EUR

CURRENT YIELD:
≈ 8%


 





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Paulina Oleinikova

Sales and Investments Associate

By submitting a message, you agree to the User's Agreement

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