Historic property – two buildings in Riga, Agenskalns, Ed. Smilga street 26

Historic property – two buildings in Riga, Agenskalns, Ed. Smilga street 26

€1 825 000

Description

Location: Eduarda Smilga street 26, Agenskalns district, Riga

Consists of land plot: 1802 m2 and two historical buildings.

5 min from Riga city center and Old town.

Building 1 (residence) – 791 m2, built in 1930.

Building 2: 145 m2, built in 1878.

GBA – 936 m2

Both buildings were first reconstructed in 2006-2008, then renovated in 2017 to 2018.

Current exploitation: cash flow object – luxury office space, GLA – 843 m2

Perspective: current usage – cash flow object or private residence – up to 7 apartment units.

Existing tenants are international companies – interested to prolong rental agreements, rent conditions and price negotiable. Now NOI > 100 t EUR annually.

It is possible to free up the space fully or partly if buyer is interested to use it for themselves or other purposes.

Neighboring land plot also available for purchase (for parking or other interests).

Additional construction up to 300 m2 possible on existing land plot.

More information upon request.

Additional Details

  • Heating
    Gas

Location

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