On offer is a residential property at 7 Trijādības Street, in one of the most sought-after central neighbourhoods of Riga - close to Klīversala/Agenskalns.
The property has a high investment potential, suitable for both long-term rental and development project with modernisation possibilities.
The building is strategically located on the banks of the Daugava river, public transport, city centre, shops, educational institutions and services.
This neighbourhood provides a stable demand for residential space and good prospects for capital growth.
The property has both building visualisations and two development project options, which allow the property to be tailored to market requirements (apartments, suites or mixed-use project).
The property offers flexible use options: the existing premises can be rented out, converted, re-planned or fully renovated with a significant increase in value.
Main advantages:
- The property is located in the central part of Riga - Trijādības Street;
- Prospective development area with high demand;
- Suitable for investors and developers;
- Visualisations and project concepts available;
- Flexible use options (rental, development, sale);
- Good infrastructure and transport accessibility;
Development Concept No.1 - 5 storey project (maximising value) - ideal for developers looking to develop a high return residential project in a prospective area of Riga.
The property at 7 Trijādības Street offers excellent development opportunities, providing for the construction of a new 5-storey residential building with modern flats or apartments.
The spacious plot allows for an efficient development concept with:
- several types of apartments;
- possible underground or surface parking solutions;
- commercial premises on the ground floor (if required);
Such a project maximises the potential of the land and the neighbourhood's demand for new, quality housing closer to the city centre and the Daugava riverbank.
Development Concept 2 - 3 storey reconstruction (retaining the building's basic character) - for investors looking for a more secure, phased development project with stable rental or sales potential.
Alternatively, the property allows for renovation and conversion of the building up to 3 storeys, while retaining the bulk and architectural character of the existing building.
This option provides the opportunity to:
- create modern apartments or loft type housing;
- substantially increase the value of the property at a lower construction cost;
- preserve the historic atmosphere that is sought after in the central districts of Riga;
Further information, plans and viewings on request!
