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Mercury Group
Leased investment object for sale in Old Town
- Latvia, Riga, Old town
- Kaleju
Property description
ID: LV-29398
- Latvia, Riga, Old town
- Kaleju
Object type
Commercial apartment building
House type
Renovated
Land area
90.20 m2
Total sq.meters
317 m2
Category
For sale
Price per m2
€ 6 309
Price
€ 2 000 000
Leased investment property for sale in the Old Town!
The property is located in a quiet part of Old Riga between Kaleju St., Maza Peytavas St. and Alksnau St. It consists of a land plot of 90.2 sq.m. and 5-storey building (underground and 5 above-ground floors, including two levels of attic floors).
The total area of the building is 317 sq.m. There are 4 separate fully furnished and equipped apartments that are rented out for long-term and bring a stable income.
It is possible to purchase real estate as 100% of the company's capital.
Location on Map
- Latvia, Riga, Old town
- Kaleju
Object type
Commercial apartment building
House type
Renovated
Land area
90.20 m2
Total sq.meters
317 m2
Category
For sale
Price per m2
€ 6 309
Price
€ 2 000 000
Ask full information about the property
What you should know, purchasing 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.
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* 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.
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