Fitness club, income 7. 7% per annum

A new three-story building in one of the sleeping areas of Riga, rented out for a long-term lease to a fitness club.

The area of ​​the land: 2989m2.

The area of ​​the building is 1310m2: the first floor is a gym, men's locker rooms, showers, sauna, massage and treatment rooms, phytobar; second floor - two fitness rooms, solarium, women's locker rooms, showers, sauna, administrative rooms, massage and treatment rooms; basement - technical and storage facilities. You can increase the fitness club by re-equipping the basement floor.   

Around the building there is a large parking lot for club customers and additional parking for tenants. In this building, the fitness club has been working for 7 years: furniture, equipment, personnel, customer base 800 people.

There is an additional income from the rental and parking of bicycles.

Income of the building owner from the rent: 5416 € / month + VAT (paid by the tenant) × 12 months = 64,992 € / year + VAT (paid by the tenant).

Communal payments are paid by the tenant. 

Costs: land and building tax (the owner pays once a year) 719 € + 2227 € = 2946 € Total net income from letting (before income tax): 64992 € -2946 € = 62046 €.

Profitability: 7. 7% per annum.

The residence permit for the investor and his family members