Price 950 000,00 EUR
Land Size 4209 m2
Size 2693.9 m2
Investment object for sale in the centre of Riga. The object consists of two separate, neighbouring properties, sold as one entity.
The property in Riga, 112 Krišjāņa Barona Street / 48 Tallinas Street – land plot in an area of 2, 139 sq.m and 2 multi-apartment buildings located therein, built in 1910: 3-storey stone tenement house in a total area of 573 sq.m (48 Tallinas Street) and 2-storey wooden tenement house in a total area of 656 sq.m (112 Kr. Barona Street). The building at 48 Tallinas Street is encumbered with 3 open-ended tenancy agreements. The building at 48 Tallinas Street has no culturally historical value, however, taking into account that it was built more than 100 years ago, the permit of the State Inspection for Heritage Protection is necessary for the dismantling thereof. The building in Riga, 112 Krišjāņa Barona Street has minor culturally historical value, therefore it is to be preserved, but the construction volume may be changed. Both buildings require reconstruction, including, replacement of the inter-floor constructions and replacement of the engineering communications.
The property in Riga, 123 Aleksandra Čaka Street – a land plot in a total area of 2, 070 sq.m, where a 5-storey residential building is located in a total area of 1, 464 sq.m: Residential area of 969.7 sq.m and the non-residential premises and basement of 212.3 sq.m. There are 16 flats situated in the building in a total area of 969.7 sq.m; 3 trading premises in a total area of 212.3 sq.m, common use premises in an area of 282.9 sq.m and the basement. The building has one staircase. Entry is possible both from the façade and from the yard side. The flats are located on the 2nd – 5th floor, 4 flats on each floor: Two two-bedroom flats of 41.7 – 43.4 sq.m; 12 three-bedroom flats of 52 sq.m – 64.5 sq.m; 1 four-bedroom flat of 82.3 sq.m.
Three trading premises groups are located on the ground floor in a total area of 212.3 sq.m. Each trading premises group has a separate entrance from the side of Aleksandra Čaka Street, shop-windows; two premises also have entry from the yard side.
Both land plots comprise a block of land in a total area of 4, 209 sq.m. In accordance with the applicable Riga urban territorial planning, the block of land is located in the Centre building development territory (DZ, where the permitted purpose of use is an intensive mixed building development with versatile functions of commercial functions and construction of houses, however it is not permitted to use the territory for production functions. The construction and use of the following structures is permitted in the centre building development territory: object of a commercial nature, educational institution, public institution, cultural institution, scientific institution, medical institution, social care and rehabilitation institution, multi-apartment house, sports structure, trade and service objects, transport infrastructure object, performing public discussion of the planned structure: parking space for vehicles.
Newly erected area: ~8, 000 sq.m, number of floors: 4- 5. All city centralised communications are available.
The property is located in the central part of Riga City, in the middle of the block between Aleksandra Čaka Street, Krišjāņa Barona Street and Tallinas Street. Neighbouring building development – multi-apartment pre-war residential houses with commercial premises on the ground floors.
Public transport (trolleybus, bus, tram) stops are located in the direct vicinity of the property.