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Other in Latvia, Riga For Sale

Riga, Latvia
931 600 €
Other in Latvia, Riga
Other in Latvia, Riga
Other in Latvia, Riga
Other in Latvia, Riga
Other in Latvia, Riga

Description

Latvia Riga Fitness club, income 7. 7% pa The new three-storey building in one of the sleeping areas of Riga, put into long-term lease a fitness club. 

Land area: 2989m2 building area of 1310m2: first floor - a gym, men's changing rooms, showers, sauna and massage and treatment rooms, a juice bar; Second floor - two fitness room, solarium, changing rooms, showers, sauna, administrative facilities, massage and treatment rooms; ground floor - technical and warehouses. You can increase the chances of a fitness club due to the conversion of the ground floor. Around the building there is a large parking lot for the club customers and additional parking for tenants. In this building the fitness club is already working for 7 years: furniture, equipment, personnel, client base of 800 people. Any additional income from rental and bike parking. Revenue building owner from renting: 5416 € / month + VAT (paid by the tenant) 12 months = 64 992 € / year + VAT (paid by the tenant) Utility bills paid by the tenant Charges: on land and building tax (paid by the owner 1 times year) 719 € + € 2,227 = € 2,946 Total net income from the lease (before payment of income tax): 64 992 € -2946 € = 62046 € Return: 7. 7% per year residence permit for the investor and his family Price: 800 € 000

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