Latvia
City of Riga
Complex of buildings in Riga
A complex of commercial buildings in Riga, fully leased
for a long-term lease.
Total area of premises leased: 20,135.9m2
The complex includes: warehouse and administrative premises, 2 hangar warehouses, garage, office building, pumping station, passageways.
Total land area: 35000m2 (3.5 ha)
The area of the land plot leased: 800m2
Rental income: 78,000€/month × 12 months = 936,000€/year + 21%VAT
Utility costs are paid by tenants.
The owner of the building and the land plot pays the property tax.
Gross margin: 12.48% per annum
Price: 7,500,000€
