Office building in centre of Riga

For sale: office center with a stable cash flow.
Offers you  the nvestment project to purchase. Almost fully leased with stable cash flows. The object is located near the active center of Riga with a well developed infrastructure. A 10-minute walk from the  Domina shopping mall. More than 20 public transport routes are available within 500 m span. The building has been renovated in 2010. Last reconstruction works were carried out in 2015. Office center is in a good technical condition. Currently 94% of the of the area is leased to local and international tenants.  A new owner will have an opportunity to raise cash flows, gradually lifting the rental price up to the market level. The income from the main economic activity in 2016 year (for fully leased building)  is approximately 194 000 Euro.

Key Features:
    Property: land plot and office building;
    Total Land Plot Area: 1 952 m2;
    Last Renovation Year: 2010;
    Number of Floors: 4 + basement;
    Gross Building Area: 6 026 m2;
    Net Leasable Area: 4 571 m2;
    Number of Tenants: 57;
    Occupancy: 96%;
    NOI 2016:  194 000 EUR
Available many other profitable objects, which are not published on the Internet and information can be sent on request. (Sometimes with a significantly higher return).

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Email- personals@domenika.lv
Tel. +37129118879