Investment property, Blaumaņa street, Centrs / 3800000€

Location:Rīga, Labais krasts, Centrs
Street:Blaumaņa
Area:2386.3 m²
Land area:1030 m²
Price:3 800 000 € (1 592.4 €/m²)
Yield:4.6 %

Property description

For your attention, a well-kept property in the city center.

The property consists of 3 buildings:

1) Blaumana 14, front building 4 floors + basement + attic:
total area 1046.1 sqm, useful 928.2 sqm, of which 776 sqm apartments + 151.5 sqm non-residential premises. Area does not include attic, (area in bonus)

2) Blaumaņa 14th, courtyard house 4 floors + basements + unfurnished attic:
total area 613.5 sqm, useful 463.9 sqm, the whole area of ​​living. Area does not include attic, (area in bonus)

3) The yellow building at the same intersection on the corner 2 floors + basements, Terbatas 22/24:
total area 726.8 sqm, useful 549.9 sqm, of which 248.4 sqm living space + 297.5 sqm non-living space.

Total property area 2386.3 sqm, Useful 1938 sqm, (attic in bonus)
Land of 1030 sqm with its insulated and paved courtyard.

Buildings in good condition, renovated, plastic windows, well-maintained facades, city water and sewerage, Riga heat substation in the lounges, central gas connection, new electricity distribution, 3 phases, rainwater drainage.


The total cadastral value Eur 1 151 858
All property is rented/leased.
Returns about 5.8% per annum.
Property tax per year 11 000 Eur.

Details upon request.

  • Finishing: final finishing, wooden board flooring, laminate flooring
  • Building description: entrance from the facade side, double glazed windows, courtyard building, facade building, pre-war period building, renovated building, wooden windows
  • Location: park nearby, shops and cafes nearby, schools and kindergartens nearby, convenient public transport, intensive pedestrian traffic
  • Parking lot: parking in the courtyard, paid (Rīgas Satiksme) parking on the street, paid parking in vicinity
  • Communications: city heating, optic internet available, television available, high electrical power, city water supply, city sewage
  • Security: alarm available, closed staircase, closed courtyard
Property ID number: 44413

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Gatis Eidmanis
Gatis Eidmanis Agent
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