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Object LV-30921

Mercury Group

Commercial premises for sale in the city center of Riga

Latvia, Riga, Centre
Marijas

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Property description

ID: LV-30921

Latvia, Riga, Centre
Marijas

Object type

Commerce property

Total sq.meters

167.20 m2

Category

For sale

Price per m2

€ 3 170

Price

€ 530 000

Currency calculator

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We offer to purchase commercial premises in the very center of the city - Marijas Street.
The building were built between 1885 and 1903 and is brick building with 5-loors.
The building has the status of a local cultural monument.
The property is located on the 1st floor and has panoramic windows.
Premises are leased for a long term with contracts for 10 years.
Profitability 7%

Basic parameters:

Floor: 1

Latvia, Riga, Centre
Marijas

Object type

Commerce property

Total sq.meters

167.20 m2

Category

For sale

Price per m2

€ 3 170

Price

€ 530 000

Currency calculator

Summ

From

Total

Ask full information about the property

Darja Kovalenok

+ 371 26595522

daria@mgroup.lv

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What you should know, purchasing a property in Latvia

GENERAL INFORMATION

Buying real estate in Latvia: taxes, expenses, ROI, property maintenance, residence permit

FAQ about buying property in Latvia

Education in Latvia: kindergartens, schools, universities

Residence permit, Visa, Citizenship

Buying a property in Latvia

Buy vs Rent Calculator

To help you decide whether it's better to rent or buy a home, this calculator compares the costs associated with buying a property to your equivalent rental costs. This calculator will also help to investors to preliminary calculate the return on investment and capitalization from sale of real estate.

Rental cost per year

How long are you planning to stay in the country?

150 years001 year

Price of the propety

Mortgage interest rate?

210%002%

Down payment amount

Loan term

125 years001 year

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0 €

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Buy Monthly Cost

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Rent Total Cost*

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Buy Total Cost**

* After 1 year you check out and loose 0 EUR

** After rental period you check out, own your property, and:

1. give it for rent and get the loan covered keeping real estate till the highest market to resell, or

2. resell and get the invested money + capitalization profit

In both cases, your rental costs when purchasing real estate are reduced by an average of three times.

Loan left (without loan %):

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Disclaimer: The following buying vs renting calculator is provided for informational purposes only and is not intended to be a substitute for professional financial advice. The results provided by this calculator are estimates and may not reflect the actual costs or benefits of buying versus renting a property. The accuracy of the results may be affected by factors beyond our control, such as changes in interest rates, property values, rent prices, service charges, taxes and other expenses. Please note that this calculator does not include commission fees and taxes which may vary depending on the property and location. You should consult with a licensed real estate agent to obtain accurate and personalised advice regarding your specific financial situation. By using this buying vs renting calculator, you acknowledge that you have read this disclaimer and agree to the terms and conditions of its use.