Location

Facilities

Description

Investment object - 2-storey residential house for renovation in the territory of the Freeport of Riga, on Kundzinsalas 10th cross line.The real estate consists of a land plot with an area of 1944 m2, a residential house with a total area of 336.4 m2 and a barn of 41.3 m2.Built in 1923 year, the brick masonry residential house has 2 floors; it needs renovation. All communications are available for both the house and the land plot.According to the current Riga Territorial Planning, the land plot is located in the territory of the Mixed Centre Building Area (JC45), which is defined as the area in the immediate vicinity of the port industrial areas or where the construction of new residential buildings is not allowed.The main uses of the land plot are:> Educational and scientific buildings> Public open space> Commercial and/or service facilities> Office buildings> Defence and security buildingsAdditional uses of the land plot:> Light industry> Transport service infrastructureThe renovation or reconstruction of existing residential buildings is allowed. Additional information about the existing buildings on the land plot is available on request.With the entry into force of the new Riga Territorial Planning, the land plot will be located in the Mixed Centre Building Area (JC5), where detached houses, sports facilities and cultural institutions are also allowed.The land plot is located in the Free Economic Zone, which allows commercial companies to operate under the Special Economic Zone regime. This allows for significant tax discounts, as well as a particularly favourable customs and tax regime for the import and storage of goods.Read more