Sale | Investment projects | Commercial property

INVESTMENT PROPERTY FOR SALE

1.7 ha of land & a building to be renovated with an inspiring history and a future with multiple possibilities.

Address: Brīvības gatve 193, Riga, Latvia

The main building is a great example of industrial architecture and historically known as the legendary Ērenpreiss bicycle factory.

The existing technical project, developed by one of the leading architectural companies in Latvia "Sarma & Norde", includes the conversion of the existing main building into an office building.

Description:

• Mixed centre development area (JC2)- Offices, multi-storey apartment buildings, tenement houses, car parks, halls, production facilities, shops, hotel, etc.

• Land area: 16 970 sq.m;

• 2200kW electricity capacity maintained;

• All city communications available;

• Servitudes in favour of the current owner.

• Existing building area: 5197 sq.m;

• The building has five floors;

• Ceiling height;

• 5 high floors with open hall;

• High ceilings from 3,5 to 6 m;

• The Phase 1 project (with valid building permit) provides for the reconstruction of the existing building to a total area of 6058 m2 as a class B office building with a public service area and 162 car parking spaces.

Price EUR 2'100 000 + VAT

Please contact us for a site visit and further information.