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ID 118787
City Rīga
Place Centrs
Street Dzirnavu iela
Area 961 m2
Price for m2 € 936.52
Price €900 000
Investment Offer - multi-storey residential house project in the Centre of Riga City in Dzirnavu 11. Project value: 900 000 EUR.


ABOUT PROJECT
• Land area: 961 m2
• Total area of planned buildings: 2 992 m2
• Sellable area: 2 197 m2
• Number of storeys: 4-6
• Number of apartments: 17
• Realization time: 2 years


LOCATION
Property is located in the prestigious embassy district of Riga called “silent centre”, near Old Riga, the dock for passenger ships, the Riga Yacht Club and the new Skanste business district. Most of Riga’s major entertainment, social and cultural institutions are a short walk from the property.


MAIN ADVANTAGES
• Ready to go (property with valid construction permit and technical project)
• Located in the «Silent center»
• Developed infrastructure


CURRENT SITUATION
• Valid construction permit;
• Most of demolition works are done;
• All preparation works are done (geology, topography etc.);
• Currently all construction works are on hold;
• Several project solutions are available.


REALIZATION EXPENSES
– Construction costs: 950 EUR/m2

REALIZATION INCOME (excl. VAT)
– Sales of apartments: 3500 EUR/m2
– Sales of parkings: 40 000 EUR/parking

Raimonda Omule

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