Investment Property in Central Riga: Industrial and Warehouse Complex with Gross Yield up to 12%

Property details

About the property

A unique investment opportunity in the heart of Riga – an industrial commercial property located at Krāslavas iela 9 and Lāčplēša iela 125 is available for sale. This pre-war estate is situated in a thriving commercial zone with excellent access to the city center and major arterial roads. The property comprises several multistorey production and warehouse blocks, spread over a 2311 m² land plot. The total building area is 4673.5 m². The complex includes units of 1 to 6 stories, and a range of production and auxiliary premises. Breakdown of building areas: L125 k-1 – 1223.9 m², L125 k-2 – 916.5 m², L125 k-3 – 256.7 m², L125 k-4 – 839.3 m², L125 k-5 – 44.4 m², L125 k-7 – 853.6 m², L125 k-8 – 121.6 m², L125 k-9 – 90.8 m², K9 warehouse – 326.7 m². The property is partly leased, generating current rental cash flow, with potential for substantial future increases in rental income. Estimated gross rental income is around EUR 280,000–390,000 per year (at an average rent of 5–7 EUR/m²/month), and potential yield is 9–12%. The site is connected to city utilities – water, sewerage, electricity – and features its own pellet heating system. Courtyard parking is available within the property. There is easy access from both Krāslavas and Lāčplēša streets. Zoning – JC6: permitted uses include offices, retail, services, light industry, and other commercial types. Asking price for the entire property: EUR 2,500,000. Contact us for detailed information and to arrange a viewing.

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