- 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%