Shopping center in Riga for sale.
* Property type: Yielding property
* Location: Strategic location, the street with heavy pedestrian traffic. The main access road from Riga city centre to a very populated residential and commercial district of Sarkandaugava.
* Property: 3-storey shopping centre. Total building area: 1,640 sq.m. Plot of land: total area 856 sq.m, freehold
* Tenants: Grocery chain Maxima: 657sq.m, Total rented area: 694 sq.m, Vacant rentable areas: 946 sq.m.
* Ownership: corporate.
* Current use: operating shopping center
* KEY annual financials: Net Cash flow yearly, approximately: 66,000 EUR; Expected Net Cash Flow (after vacant areas will be rented out): 110,000EUR
Very good investments offer.
Return is more than 8.5%, when free space is rented out, the return is 14%
Please contact for more information
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