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