For sale an investment project - a 3-storey apartment building built in 2018.
The property consists of a 402.4 sqm apartment building and a 676 sqm land plot.
The building comprises 6 two-room flats with high quality finishes:
Flat No. 1 - 48.1 sqm.
Flat No. 2 - 68.2 sq.m.
Flat No. 3 and No. 5 - 46.77 sq.m.
Flat No. 4 and No. 6 - 67.22 sqm.
The property is located in a quiet, green residential area with a gated area and 6 guaranteed parking spaces in the yard with automatic gates and 3 parking spaces near the building. There is also a parking space for bicycles and a barbecue area in the yard.
The flats are being sold fully furnished, with fitted kitchens including appliances, walk-in closets, bathrooms with shower and/or bath-tub, washing machines and all utensils. The furniture is custom-made in a single style by a local furniture manufacturer and is of very good quality.
Heating is provided by 2 gas-based Junkers boilers, the flats have underfloor heating and a thermostat. Hot water is provided by the gas-based heating system and a 1000 l boiler. Each flat is provided for a private electricity meter. The building has undergone an energy audit and is highly efficient with an energy efficiency rating of B+++. Low utility bills.
The flats have Rehau triple-glazed windows, which provide excellent sound and heat insulation. A central ventilation and air conditioning system is provided, which is an advantage for comfortable indoor climate control in the sweltering summer heat as experienced lately. An individual fire alarm system has been installed in each flat, as well as Telenet 100 Mbit internet and television connections.
The building is constructed of aerated concrete blocks and insulated with Paroc 200 mm rockwool. The property is located just 15 minutes’ drive from the city centre and Riga International Airport. Developed infrastructure - several shopping centres (Lidl, Rimi, Maxima), cafes, fitness centres are within a walking distance. Several kindergartens, schools, dispensaries nearby. Frequent public transport.
The property is sold as an investment property with long-term rental contracts generating a sustainable income of 40 000 EUR per year. The annual real estate tax is 500 EUR.