Lāpstu iela 4 Sarkandaugava

1 rooms · 834m²

€375,000 (€450/m²)
Area:834 m²
Price/m²:€450
Rooms:1

Location

Lāpstu iela 4

Sarkandaugava

Facilities

Garage
Garden
Gas
Parking
Terrace

Price History

Description

Multi-functional building with land.A 4-storey building is for sale, currently housing a Vesko store, a hair salon, a dance studio, offices, warehouses, and an apartment with a terrace on the top floor.The building was constructed in 1999 and is in good technical condition.Autonomous gas heating.The courtyard offers space for 5 parking places, as well as 2 garages inside the building.- Approximately 60% of the building is currently leased out. No new tenants are being attracted because the property is for sale. The current return on investment is around 7% per year, with potential to increase it by raising rental rates, which have not been changed for a very long time, as well as by fully leasing out the property.- It is possible to terminate all lease agreements by notifying tenants in advance.The property can be converted into an apartment building and expanded by adding at least one more floor.Read more