The new multi-apartment project at Stabu Street 2A will be completed this year, offering modern, compact-sized apartments for purchase in the city centre. High-class housing with Class A energy efficiency and modern, fully finished decoration will be perfectly suited to the needs of young professionals, company employees and busy residents of Riga. An excellent location, functional design, modern amenities, lots of natural light, as well as a high rate of return when renting out the property, make the property both a comfortable home and a valuable investment.

The new residential project at Stabu Street is a home for a true city dweller. Top-class energy efficiency is ensured by high-quality and wide windows, adjustable, in-depth floor heating, as well as a fresh air recuperator in every living room. On the other hand, modern design, as well as the three-metre-high exposed concrete ceiling create the aura of a perfect premium-class urban dwelling. The project ranks among the brightest architectural examples of residential segment in Riga. Reinforced concrete foundation piles, building frame and coverings promise durability of the building. Triple-pane aluminium windows and a glazed facade system is integrated in the building, which is not a common solution in Latvian residential projects. 31 out of a total of 33 apartments have balconies and terraces.

Considering the ever-strong demand for downtown rental apartments, purchasing property in this building will serve as a profitable passive income generating tool with constant cash flow and high profitability. Most of the new office complexes are developed in the nearby Skanste Neighbourhood - the location of housing at the meeting point of the city's historic and new centre ensures an even higher demand for rental apartments. It can already be observed that household spending is growing not only for housing maintenance due to the jump in energy prices, but the change in habits is also influenced by the overall cost of living and inflation. This means that tenants will gladly choose smaller apartments, therefore investors are offered compact rental apartments, which allow to obtain a significantly higher rental price per square meter. The rent charge of studio apartments in the project may exceed 20 EUR per square meter.

The building is situated at the peaceful intersection of Skolas and Stabu Streets - an excellent location for residing according to the 15-minute city concept, where all the daily necessities are found within walking distance. The facades of the building face one-way streets, ensuring low traffic. On the other hand, Brīvības and Valdemāra Streets are far enough away to not hear the noise reigning there, yet can be reached in a couple of minutes. Next to the house, public transport is easily available, as well as the best bike lanes in Riga along Skolas and Bruņinieku Streets. The upper floors of the building have terraces with a unique view of Riga's historical architecture and the present-day high-rise buildings.

7 floors | 33 apartments | 2 commercial premises on the ground floor | Class A energy efficiency (heating consumption only 39 kWh/m2 per year) | full finish | underfloor heating | elevator | parquet | design tiles | balcony or terrace (except for two apartments)

Further information by contacting Latio estate agent Līga Igala | tel. 26553039 | liga.igala@latio.lv