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Mercury Group
Selling a building with a tenant
- Latvia, Riga, Kengarags
- Prusu
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Property description
ID: LV-158342
- Latvia, Riga, Kengarags
- Prusu
Object type
Investment project
House type
Individual project
Area
1309 m2
Category
For sale
Price per m2
€ 764
Price
€ 1 000 000
Currency calculator
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For sale a building with a tenant - kindergarten Creakids.lv international network (about 500 kindergartens in Latvia, Norway, Sweden, United Arab Emirates).
Building area 1309m2 (including basement 400m2). The services of a janitor and land tax (building tax is 0) are compensated by renting out parking spaces to offices located nearby.
The building was built in 2006 and reconstructed into a kindergarten according to all today's requirements (accepted by Health Inspection) in October-November 2021.
The Lease agreement iis valid until 08/31/2031, rent 75 000 Euro per year + utilities.
The parties may terminate the contract unilaterally by giving 12 months' notice.
Building area 1309m2 (including basement 400m2). The services of a janitor and land tax (building tax is 0) are compensated by renting out parking spaces to offices located nearby.
The building was built in 2006 and reconstructed into a kindergarten according to all today's requirements (accepted by Health Inspection) in October-November 2021.
The Lease agreement iis valid until 08/31/2031, rent 75 000 Euro per year + utilities.
The parties may terminate the contract unilaterally by giving 12 months' notice.
Basic parameters:
Floor:
1
Outdoor parking
Location on Map
Residence permit could be obtained through the property purchase. Leave your request in order to get more information about Residence Permit.
- Latvia, Riga, Kengarags
- Prusu
Object type
Investment project
House type
Individual project
Area
1309 m2
Category
For sale
Price per m2
€ 764
Price
€ 1 000 000
Currency calculator
From
To
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.
Loan left (without loan %):
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Total property cost:
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