Lāpstu 4, Sarkandaugava

Multi-functional building with land. A 4-storey building is for sale, currently housing a Vesko store, a hair salon, a dance studio, offices, warehouses, and an apartment with a terrace on the top floor. The building was constructed in 1999 and is in good technical condition. Autonomous gas heating. The courtyard offers space for 5 parking places, as well as 2 garages inside the building. - Approximately 60% of the building is currently leased out. No new tenants are being attracted because the property is for sale. The current return on investment is around 7% per year, with potential to increase it by raising rental rates, which have not been changed for a very long time, as well as by fully leasing out the property. - It is possible to terminate all lease agreements by notifying tenants in advance. The property can be converted into an apartment building and expanded by adding at least one more floor. Multi-functional building with land. A 4-storey building is for sale, currently housing a Vesko store, a hair salon, a dance studio, offices, warehouses, and an apartment with a terrace on the top floor. The building was constructed in 1999 and is in good technical condition. Autonomous gas heating. The courtyard offers space for 5 parking places, as well as 2 garages inside the building. - Approximately 60% of the building is currently leased out. No new tenants are being attracted because the property is for sale. The current return on investment is around 7% per year, with potential to increase it by raising rental rates, which have not been changed for a very long time, as well as by fully leasing out the property. - It is possible to terminate all lease agreements by notifying tenants in advance. The property can be converted into an apartment building and expanded by adding at least one more floor.