580 000 €

Dzirnavu iela 11, Centrs

Rīga

For sale: investment property in the quiet center of Riga.
Currently, the property consists of a three-story building with a facade in need of renovation and a plot of land.

Composition of the property:
- land - 961 m2,
- 3 storey front building with a planned 4th floor extension (5 apartments and 3 commercial premises)
- an approved project for the construction of a 7-storey building in the courtyard (16 apartments and 5 car parking spaces).
Total area of the existing building: 1109 m2, usable area: 956 m2.
Total floor area of the proposed building: 1273 m2, useful floor area: 1022 m2.
There is a technical project with a building permit which can be transferred to the new owner.
The necessary urban communications and infrastructure are available.
During the construction period it is possible to change the number and size of apartments

The property is located in the prestigious embassy district in the quiet centre of Riga, close to the Old Town, the Port of Riga, the Riga Yacht Club, as well as the new Skanstes business district. Many of Riga's main entertainment, social and cultural institutions are within walking distance of the property.

For any questions, please do not hesitate to call or write.