Investment property, Lomonosova street, Centrs / 400000€

Property description

The building is in a great location, between several universities!

Ideal for long-term student accommodation. The building is also suitable for a company looking for office and small production premises.

The layout allows for quick and efficient adaptation of the building, creating a service hotel, hostel, dormitory or compact apartment building. It is possible to place about 67 beds, which means a stable income stream from long-term tenants. For long-term rent calculation, at least 150 EUR per bed can be taken.

Within walking distance of the University of Latvia (LU), the Institute of Transport and Communications (TSI) and ISMA. This place is a perfect investment opportunity, as many foreign students live and study in the area, which ensures a stable demand for rental premises.

The property consists of a renovated administrative building (built in 1976, renovated in 2006) and a spacious 3822 m² plot of land with future development potential, building regulations allow for construction of up to 6 floors.

The building has two staircases and several entrances, which allows it to be divided into independent floors or two parts. The area will develop rapidly in the near future, as several buildings are being rebuilt and the infrastructure is being improved.

Object on the map