For sale is a residential property at the intersection of Tērbatas/Blaumaņu streets.

For sale is a residential property in a prestigious location in the center of Riga, at Tērbatas Street 22/24 and Blaumaņa Street 14 (near the shopping center ''Galerija Riga'').

The brick tenement house with shops was built in 1897 - architect Rudolfs Filips Donbergs.

The property with a total area of 2386 m2 (usable area 1942 m2), located on a 1030 m2 plot of land and consists of 3 buildings: a 2-storey building at Tērbatas iela 22/24, a 5-storey building at Blaumaņa iela 14 and a courtyard building. Basement space under the courtyard - 153 m2.

31 apartments and 6 commercial premises (2 on the ground floor of Blaumaņa Street 14, 4 on the first floor of Tērbatas Street 22/24).

The property is well maintained, the facades of both buildings have been renovated in recent years, all city amenities and communications are available: ''Rīgas siltums'' heating, 3-phase low-voltage networks, water/sewerage.

The area has well-developed infrastructure, a 2-minute walk from the shopping center ''Galerija Riga'', many prestigious shops and cafes in the area, and a well-developed public transport infrastructure nearby - a tram on Krišjāņa Barona Street and many trolleybus/bus routes on Brīvības Street.

The property is fully leased and brings a stable return of ~ 6% per year.

Price: 3,500,000 EUR.