Office for sale, Latgales street, Ķengarags / 1550000€

Property description

Three-storey building with land for sale at Latgales iela 433H, Riga.

The property consists of a 6,024 m² land plot and a production building with a total area of 3,865.8 m².

The building has three above-ground floors and a basement level. It is located on the first line of Latgales Street, providing excellent visibility and convenient access from one of the busiest streets in Riga.

Each floor has an area of approximately 966 m². Ceiling height is about 3.5 m (basement – approx. 2 m).

Representative office premises are located on the ground floor, while the 2nd and 3rd floors are used for production facilities (currently a sewing workshop). The basement is currently used for storage.

The building is equipped with a freight elevator with a lifting capacity of 1 ton, connecting the basement with the 3rd floor. Goods delivery is facilitated by a loading ramp and lift-up gates suitable for trucks.

Floor structures are made of reinforced concrete with high load-bearing capacity, while the basement has a smooth concrete floor. The building structures are in good technical condition; the roof covering is bitumen.

All necessary utilities are available in the property:
electricity connection up to 163 A;
city water supply and sewerage;
gas heating;
ventilation and air exchange system;
air conditioning;
video surveillance and alarm system;
internet connection.

Additional parking spaces can be created in front of the building, while the courtyard area offers approximately 1,800 m² of land suitable for additional development, warehouse placement, or parking.

Additional information:
Land status: freehold;
Zoning: Mixed Central Development Area (JC4);
Maximum building intensity: 220%;
Permitted number of floors in the area: up to 6;
Year of reconstruction: 1998.

Location – Ķengarags / Rumbula industrial area, opposite the K Senukai store, in a location with intensive traffic flow.

The surrounding area includes various production and warehouse facilities as well as multi-apartment residential buildings.

The property is suitable for production, warehouse, or office use and also offers development potential depending on zoning and the intended use.

Potential rental rate: approx. EUR 3.5/m², which could generate a yield of around 10%.

Object on the map