Investment property, Stabu street, Centrs / 500000€
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Property description

We offer you an investment project, which is located in the historic center of Riga, on Stabu Street 100 with the plot area 1200 m2. In a 15-20 minute walk from the central train station and the central street – Brivibas. Development is surrounded by beautiful architecture of the early 20th century.
We proffer a ready-to build project which will be nod through by August of 2014.
Pre-sellable area is 2500 m2 and it consists of 29 apartments of different size from 43m2 to 118 m2 and two commercial spaces on first floor with total area of 222 m2.
Today’s market price of the apartments of this level is 1800-2000 Euro/m2.
There is a parking for 20 cars located in the courtyard.
The advantage of this design is that the price is available for both local consumers and for those, who wants to receive residence permit. At the moment there is very strong demand for rental apartments in the area, so this could be not only a project for sale, but as a possibility to accumulate income each month.
From the 4th floor you can see beautiful views of the old town and a romantic view over the rooftops of the historic center of Riga.
The package of documents consists of:
1. Proprietorship document for the land area of 1200 m2 (Stabu street 100);
2. Project approved by the construction department and all the necessary instances;
* Our company has a contract for the architectural design with an experienced architectural firm SIA “MG ARHITEKTI” (we already have a positive experience working with them). For now we already have facade sketches and layout of apartments ready and approved by building department, you can see them above. We have received architectural planning assignment so we are now in the process of designing structural parts and general utilities.
3. Estimates (we can hold a tender for construction companies and choose the most affordable), if it is necessary, we can provide a building permit.

If you have the desire to participate in the possible to make adjustments to the project during its design.
Cost of the project is 500 000 Euro.
Estimated costs for construction will be up to 1000 Euro/m2.

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