Office building with stable tenant, Riga, Latvia

Riga, Riga, Latvia

Property ID: 24113957

Summary Data

Price £9,629,180
Price Type For Sale
Plot Size
Building Size 5979m2
Sector Commercial
Type Office Property
Tenure
Completion

Location Map

Property Description

For sale new and modern A class office building in Riga, built the 2008. The Tenant - "international security company" with unbreakable contract until 2024. All expenses are paid by the tenant (utilities, management, taxes) Possible to buy real estate or LLC (Company) Adress - Riga, Stigu street. The building area - 5979 sq.m. Useful area - 4292 sq.m. Land plot- 9979 sq.m. Price 11,000,000 EUR YIELD ~ 8.5% 

Details • 
There are not additional expenses,because the lessee shall bear all costs associated with facility operation and maintenance, including insurance and RE taxes Unbreakable contract is up in 2024 year, if the lessee terminates sooner, then he pays the full amount specified in the contract. • Annex - table with rental income. Fluctuations over the years is history. All amounts are fixed, but if necessary, payments can be adjusted over the years. • To move further, because object is a bit specific (security house), we need a letter of intent from the buyer and a confidentiality agreement. 
More info on individual request 

No investment data available