House for sale, Strazdu street, Jelgava / 310000€

Property description

Investment property in Jelgava for sale - stable commercial property with existing cash flow and diverse tenant portfolio.

Commercial property for sale with 8 tenants and high occupancy rate - currently 8 out of 9 premises are leased (89%). Average rental income reaches approximately 8 EUR/m², creating predictable and stable profitability.

The building is occupied by tenants from both the medical and office segments:
1st floor - certified doctorate: 2 medical practices and dentistry
2nd floor - office premises with 5 different IK and SIA companies

Basic information about the building:
* built in 1998
* property status: real estate
* main use: hotel and catering buildings (1211)
* building type: hotel building (12110101)
* ceiling height of premises: 3.05 m
* parking spaces available in the yard

The building houses office and medical premises - offices, lobbies, sanitary facilities, corridors, staircases, rest rooms, as well as auxiliary premises and garages. The technical condition of the premises is generally satisfactory, some of the premises have undergone cosmetic repairs.

Communications:
* gas heating with individual metering
* city water supply and sewage
* alarm system throughout the building

Constructive solutions:
* foundations: reinforced concrete
* external walls and frame: aerated concrete blocks and silicate bricks
* coverings: reinforced concrete panels
* roof supporting structure: wooden rafters
* roof covering: bitumen slabs (shingles)

Location:
The property is located in a convenient location - on one of the main city highway streets in the direction between the center of Jelgava and the RAF district, providing convenient access for both customers and employees. There is a public transport stop right next to the building. Nearby - Jelgava Hospital, Zemgale Olympic Center, educational institutions, T/C “Valdeka” and RAF Center.

This property is suitable for an investor who is looking for a stable, already working asset with development potential and the opportunity to increase occupancy and income.

• Equipment: office premises
• Layout: premises both isolated and connected
• Location: park nearby, shops and cafes nearby, schools and kindergartens nearby, convenient public transport, intensive vehicle traffic
• Parking lot: parking in the courtyard
• Area, type of retail premises: for medical company, massage parlour, beauty salon
• Communications: gas heating with individual meter, city water supply, city sewage
• Security: alarm available, closed territory, closed courtyard

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