A commercial property on Valmieras Street for sale!


950 000 €
1 338.03 €/m2
710 m2
Rīga, City centre

A commercial property at 3 Valmieras Street for sale!

  • Object: a piece of land, 2 brick fully renovated buildings, 6 garages, open parking place for 25 cars, technical premises - 100 m2 of warehouse premises;
  • Area: 2 339 m2;
  • Area of buildings: 621 m2 + 89 m2;
  • Territory: The property is located on the fenced, enclosed and well maintained territory. Inside territory is laid out with pavement. Security: fence around all territory, automatic gates, the system of video surveillance;
  • Buildings: both buildings are after full reconstruction - totally replaced all communications, new roof, performed facade works, all inside/internal spaces fully repaired. Renovation works have been finalized in Q2/2013;
  • Main building: total area 621.4 m2 consisting of 554.4 m2 useful space and 67 m2 public spaces; 5 levels - 3 floors, attic and semi-basement spaces. There are 8 spaces of 22/23 m2, 8 spaces of 32 m2, 2 spaces of 50 m2 and a hall of 11 m2, 6 washrooms and public spaces. All spaces are fully renovated and ready for rent.
  • Small building: total area 89 m2; 1 level. There is 1 space of 89 m2 with a free planning;
  • Communications:
    •  Electricity: 3-phasic electric power supplies (125А), new installation;
    •  Heating: local gas heating_direct connection (Junkers system;
    •  Sewerage and water-supply system: community / municipal;
    •  Cable TV, internet, telephone (Lattelecom).
  • Location: the property is located in the center of Riga. The Old Town is within 1 700 m, central station - 1 000 m, Brivibas Street (central street) - 700 m. Infrastructure: pavement road, convenient public transport. The new transportation hub via construction of subterranean tunnel on Gertrudes street is planned for development in this area;
  • Strengths: The object has big enclosed land territory which is very rare for the city centre. The property is sold as a running business project - office premises rent - which ensures income and positive cash flow from the first day of purchase. The object could be developed further via construction of the 3rd office building on the property's territory (developed project);
  • Business case: At moment both buildings are used for office premises rent. All rent agreements are signed for 1 year with automatic prolongation and flexible termination clauses upon both parties agreement. Currently 94% of all premises (including warehouses) are rented. Additional information about income will be provided on request.

Price: 950 000 EUR

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Real estate consultant Kristīne Niedre will be happy to answer all your questions
Kristīne Niedre

Real Estate Consultant
Commercial properties

Mobile +371 26592246
Phone +371 67283988

Real estate company:

Kivi Real Estate
Phone +371 67283988