For sale a promising investment property in the centre of Riga with extensive development opportunities.
The property consists of a land plot of 1218 m² (cadastral no.: 0100 032 0108), on which there are three stone/brick residential buildings (cadastral no.: 0100 032 0108 006, 009 and 010), with a total built-up area of 286 m².
A building permit has been issued for the property and is currently valid.
Technical reconstruction plans have been developed and approved for the property, providing for the construction of 38 apartments with a total area of 2,537 m²:
12 one-room apartments;
12 two-room apartments;
8 three-room apartments;
6 four-room apartments;
commercial premises with a total area of 110 m².
The surrounding area is rapidly developing and being redeveloped, with a number of residential projects already completed in the vicinity and a number of new developments currently in the design phase. The property enjoys a convenient location with well-developed infrastructure: approximately 15 minutes' walk to Central Station and 20 minutes' walk to the Old Town.
Additional information:
The property consists of 3 courtyard buildings;
shops, cafés, schools, kindergartens and public transport nearby;
location is characterised by high pedestrian traffic.
The property is suitable for:
for the development of a residential project;
commercial development such as a boutique hotel, offices or an apartment project;
for long-term investment in a promising Riga city centre location.
Contact us to arrange a viewing and for further information.
