311 000 €

281.45 €/m²

Tvaikoņu iela, Iļģuciems

Rīga

A great investment property for sale - a three-storey historical building built in 1925, located in Riga, in the active part of Ilguciems, on Tvaikoņu Street 1.

Composition of the property:
> Land plot with total area of 878 m2;
> Three-storey non-residential building with a total area of 1105,71 m2;
> Boiler house with a total area of 33,3 m2.

The building has a distinctive brick façade with large rhythmically spaced windows with uniform spacing. The building is in good technical and visual condition and has been carefully maintained. The interior was renovated 7 years ago, new gas boilers were installed and the roof was replaced. New modern PVC double glazed windows have been installed throughout the building.

The layout of the building is linear with two staircases. Historically, on the second and third floors, there were corridors on both sides of the central staircase along the Tvaikoņu Street frontage. From the corridor one could enter each room with one window facing the courtyard or south side. The internal layout of the building has been changed several times over the years. Today, these floors are used for office spaces, with both large open-plan rooms and individual offices. The total area of the second floor is 339.6 m2, the third floor 332 m2.

The ground floor of the building houses commercial premises equipped with all the necessary utilities for food production - powerful ventilation, cooker hoods and cold rooms for product storage. The ground floor has an area of 434.1 m2 and is designed to accommodate one or two food producers. On each floor there are shared facilities with hot water boilers.

According to the Riga Spatial Plan, the property is located in the Transport Infrastructure Zone (TR1). A certificate has been received from the Riga State City Municipality that the property on Tvaikoņu Street 1 is located within the red lines of Daugavgrīvas Street, Tvaikoņu Street and the Hanzas Crossing traffic junction, whereas, given that the new Riga Spatial Plan no longer envisages the continuation of Hanzas Crossing in Pārdaugava between Daugavgrīvas Street and Slokas Street, a revision of the red lines of the streets in the area affected by the removal of this planned section will be undertaken in the next few years. At the moment, no specific timeframe is known and the project is not included in the Riga Development Programme 2022-2027.

The property is located a strategical and highly visible place. The surrounding area of the property is predominantly commercial - industrial, workshops, warehouses, offices, wholesale, garages, etc. buildings and structures. Also in the vicinity is the residential area of Ilguciems with apartment buildings and private houses.

Free parking is available along the front of the building on Tvaikoņu Street, as well as there is paid parking in front of the office building opposite. Convenient public transport links - tram and bus stops in the immediate vicinity.