Investment property, Terbatas street, Centrs / 4500000€

Property description

A complex of residential properties is available for purchase in the historic heart of Riga. Excellent location next to the park.

Property composition:
-three residential buildings built at the end of the 19th century:
Lit.001 – three-story apartment building on Dzirnavu Street- 722 m2;
Lit.002 – four-story apartment building in the courtyard- 935 m2;
Lit.003 – six-story apartment building on the corner of Dzirnavu and Tērbatas Streets- 2114 m2;
- Land 1045 m2.

Project:
A reconstruction project for all buildings has been developed and coordinated.
The project includes the construction of luxury apartments, an apartment hotel, commercial
premises and a restaurant.
The project plans to increase the area and number of floors:
- 3-storey building (Lit. 001), located on Dzirnavu Street - up to 6 floors + attic
- 4-storey building in the courtyard (Lit. 002) up to 6 floors + attic
- 6-storey corner building (Lit. 003) remains unchanged.

Areas:
+ Total building area now: 3770 m2
+ Total area of buildings after reconstruction: 4615,03 m2:
- Lit.001 and Lit.002 together: 2630,5 m2 - total 17 apartments
- total area of building Lit.003 - 1984,53 m2 - total 12 apartments.

All city utilities are in place.

Parking facilities (Rīgas Satiksme) are available along the streets, complemented by both underground and surface Europark parking options.

Owner- a legal entity.

• Finishing: Condition - not renovated
• Location: park nearby, shops and cafes nearby, schools and kindergartens nearby, convenient public transport
• Communications: city heating, city water supply, city sewage

Object on the map