Pumpura iela 7, Jelgava

For Sale: Spacious One-Bedroom Apartment with a Loggia in Jelgava, in a Quiet and Convenient Neighbourhood
The apartment is located on the 5th floor of the building and is a middle-unit apartment. A spacious loggia provides additional space for both relaxation and storage. Cosmetic renovations have been carried out in the shared hall and corridors on the 5th floor. The hall offers space for storing bicycles, scooters, and baby strollers.

The building owner plans to carry out roof repairs and replace the windows in the common areas, including the halls and stairwell. New entrance doors to the building are also planned.

This is an excellent opportunity for those who wish to create a home according to their own preferences or are looking for a promising investment property with strong rental demand. The property is suitable both for owner-occupation and investment purposes, particularly given the stable demand for rental apartments in this area. Nearby is the Faculty of Veterinary Medicine of LBTU, a popular place of study for both Latvian and international students. A promising investment opportunity with a potential annual yield of up to 10%, offering a significantly higher return than many bank deposits currently available, supported by the stable demand for rental properties in this area.

The property was previously used as accommodation for a staff dormitory and is currently vacant and ready for its new owner.

Utilities:
• Electricity;
• Municipal water supply and sewerage. Connection to the centralised hot water system is planned, and the building's riser pipes will be replaced;
• District heating supplied by Gren.

The building is managed by SIA Selectum Home.
Costs:
• Management fee – EUR 0.75/m² + VAT;
• Reserve fund contribution – EUR 0.20/m².

Other one-bedroom apartments are also available in the building on different floors and in various technical conditions (mostly requiring renovation), allowing buyers to choose the most suitable option for either living or investment.

Excellent local infrastructure:
• RAF shopping centre nearby;
• Lidl, the new JYSK, and other stores within close proximity;
• Several kindergartens and two schools nearby;
• Convenient public transport connections;
• Quick and easy access to Riga.

An excellent opportunity to acquire a property with strong potential at an affordable price.