Investment object For Sale, Krustpils street 121, Rīga, Labais krasts, Šķirotava / 1 800 000 €

Warehouse and office complex at 121 Krustpils Street.

Remus Elektro territory.
Warehouse area — 7,140 sqm (11 buildings).
Office area — 3,010 sqm (2 three-storey buildings).
Land area — 28,750 sqm + 4,361 sqm leased.
Industrial development territory.

Part of the territory (4,500 sqm), marked with a yellow outline in the cadastral image and where the office buildings are located, is leased on a long-term basis. The agreement is registered in the Land Register. The land can be purchased.

All warehouses are currently leased, and the office building is partially leased.
Three asphalted площадки are also leased out.

The yield is around 9% per year. It can be significantly increased by raising warehouse rental rates, which currently range from EUR 1.25 to 2.50 per sqm. Additionally, no property management fee is currently charged to tenants.

The territory is asphalted and landscaped.
There is no heating in the warehouses; office buildings are heated by district heating (Rīgas siltums).
There are 2 deep wells (70 m), and a Rīgas ūdens water connection is available on Krustpils Street.
Sewerage is connected to the Rīgas ūdens system.
A gas pipeline runs along Krustpils Street.
Standard available electrical capacity — 400 A.
Video surveillance is installed on the территории.

All buildings are in good condition, well maintained and managed.
Some warehouses have loading ramps.

Preferred sale condition — Remus Elektro, occupying part of the warehouse and office space (2,200 sqm), remains as a tenant for approximately 5 years.