Complex of buildings in Riga

A complex of commercial buildings in Riga, fully rented for a long time.

The total area of ​​premises leased: 20 135. 9m2.

The complex includes: warehouse and administrative premises, 2 warehouse-hangar, garage, office building, pumping station, checkpoints.

The total area of ​​the land: 35000m2 (3. 5 hectares).

The area of ​​the land plot leased: 800m2.    

Rental income: 78000 € / month × 12month = 936,000 € / year + 21% VAT.

Communal expenses are paid by tenants.    The owner of the building and the land plot pays the property tax.

Profitability of gross: 12. 48% per annum.