We are selling a cash flow property - 2 stores with tenants

For sale is an investment property - commercial premises with tenants in the center of Riga, at Bruņinieku Street 12 (between Brīvības and Tērbatas Streets).

The building was built in 1910 - architect RFDonbergs.

The offer consists of:

• restaurant premises with an area of 98.2 m2, leased to the restaurant ''Nice Asian''.
• commercial premises with an area of 99 m2, leased to a clothing store.

Both stores are leased and yield ~6.8% per year.

The premises are in good condition, the clothing store premises underwent high-quality renovation in 2021. The restaurant premises meet the requirements of the Food and Beverage Service with the necessary code 1211 for the operation of a catering establishment.

The area has well-developed public transport infrastructure, convenient access for customers - there is a spacious parking lot across the street.

Autonomous gas heating in the premises.

Additional operating expenses for low-rise buildings: management fee 0.43 EUR/m2, repair fund 0.15 EUR/m2.

The building underwent facade renovation a few years ago.

Price: 350000 EUR