Smilšu iela 7

Par šo īpašumu

A property in excellent condition located in the very heart of Old Riga.Five-storey building with a total area of 3,293.5 m²Land area: 831 m²+ The building can also be successfully converted for residential use+ Originally built in 1812, renovated in 2002+ The building features a small inner courtyard serving as a light shaft+ Central heating, high-capacity electrical supply, centralized water supply and sewage systems+ In some rooms, original brick masonry fireplaces have been preserved and currently serve as decorative elements+ Overall, the interior finish of the premises is in satisfactory technical condition; some rooms show natural wear and tear, with finishes appropriate to their function. The building is equipped with security and fire alarm systems, a computer network with internal distribution, video surveillance, and a telephone exchange.A detailed investment model for the property development has been prepared (available upon request):Project ROI: 23.97%ROE: 51.1% (based on 60% bank financing)Read more