Investment property, Gaismas street, Aizkraukle / 650000€

Property description

For sale Shopping center in Aizkraukle with cash flow.

Year of construction - 2003
Number of floors - 4th floors
The total area of ​​the building is 2209 m2.
Land area - 1692 m2 (owned).


Gas heating.
City water and sewerage connection.
Led lighting.
Paved area.

The first and fourth floors are currently fully leased. The second and third floors were intended for a sports club and children's entertainment center, but can also be rented for other purposes.

Finance. Currently rented premises on the first and fourth floor (€ 1150 + € 250 + € 250) x 12 months = € 19,800 / year + VAT + utilities + real estate tax + management.
All monthly costs related to the operation of the building do not exceed € 1,000, which are covered by the tenants.
Building potential; 640 + 640 + 640 + 250 = 2170 m2x3 EUR / m2 = 6510 EURO x 12 months = 78,000 EURO = 75,000 EUR profit per year. What would be a 30% return, or 3-4 years return on investment! Similar premises in Aizkraukle are rented for 4-5 euros per sq.m.

• Communications: gas heating, city water supply, city sewage

Object on the map