Land plot for sale, Kungu street, Vecrīga / 2000000€

Property description

Free land plot in Old Riga.

A development project has been developed in its minimal form, envisioning the construction of residential houses with a total indoor area of 942 sq.m. or 9 apartments.

The object is located in the Peitavas quarter, which consists of 3 adjacent developed plots. There is also an option to purchase them individually.

According to the assignment of the Riga City Council's Architecture and Planning Department for the Peitavas quarter (Peitavas 9/11, Kalēju 63, and Kungu 30), with a total land area of 1710 sq.m., several property development scenarios have been developed - construction of residential houses and/or apartment hotels.

Additionally, the Peitavas quarter includes:
Peitavas 9/11. Land area 801 sq.m.
During the reconstruction of the residential building and additional construction, 1726 sq.m. or 24 apartments will be created. The project has been developed in its minimal form.
Price EUR 1’500’000

Kalēju 63. Land area 522 sq.m.
During the reconstruction of the residential building and additional construction, 1526 sq.m. or 26 apartments will be obtained. The technical project of the building is currently being developed.
Price EUR 1'500'000

Total property price EUR 4’700’000

Mixed-use center development area (JC8).

• Location: river nearby, channel nearby, shops and cafes nearby, schools and kindergartens nearby, convenient public transport
• Communications: city heating, city water supply, city sewage

Object on the map