Property building for sale, Peitavas street, Vecrīga / 1500000€

Property description

A 4-storey building in a state of emergency in Old Riga.

During the reconstruction of the residential building and additional construction, 1726 square meters or 24 apartments will be created. The project has been developed in its minimal form.

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 square meters, several property development scenarios have been developed - construction of residential buildings and/or apartment hotels.

Additionally, the Peitavas quarter includes:

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

Kungu 30. Land area 387 square meters.
A development project has been developed in its minimal form, which envisages the construction of residential buildings, obtaining a total indoor area of 942 square meters or 9 apartments.
Price: EUR 2,000,000

The total price of the property is 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