Efficient industrial property with stable cash flow.

Buļļu iela 51B is a contemporary warehouse and office complex at the intersection of Buļļu and Kleistu streets, on a private 2-hectare land plot with scope for future expansion. The estate comprises two warehouse buildings and a stand-alone office component with a combined building area of ~6,000 m², configured for efficient storage, light production and supporting office functions.

Warehouse units offer good clear heights, ground-level loading gates and flexible bay depths, suitable for racked storage or assembly. Offices are finished to a modern standard with reception, meeting rooms and staff amenities, creating a professional environment for occupiers’ administrative teams. Existing fit-out and infrastructure (LED lighting, 24/7 access, dual entrances and an adjustable intersection for truck movements) reflect a turn-key logistics / light-industrial platform rather than a redevelopment play.

The site layout allows for generous truck circulation and on-site parking, with secure, fenced territory and hard-surfaced yards. For an incoming investor, it is a straightforward, institutional-style asset combining stable income with operationally robust real estate.











GBA (Gross building area): 6,050 m² (two warehouse volumes + office component; total in line with “almost 6000 m²” in public sources)
NLA (Net lettable area): 5,927 m²
Occupancy: 100% leased (as of October 2025)
Annual rental income: €331,500
Annual NOI: €295,000
Net initial yield: 7.85%

The property sits in Imanta / Kleisti, a densely populated western suburb of Riga where large residential micro-districts meet an established belt of warehouses, industrial users and retail parks. Imanta is one of Riga’s largest neighborhoods, planned for around 60,000 residents and structured around the green heart of Anniņmuiža Park, creating a strong local labour pool and consumer base. Two separate entrances from Buļļu and Kleistu streets support efficient traffic flows for HGVs and service vehicles, while proximity to major residential districts provides a ready workforce and convenient commute for employees.