Renovated building in Upesciem

Building for sale in 45 Elenburgas Street, Upesciems, Garkalnes region.

The building was constructed in the '90s of aerated concrete with a brick facade, hollow ceiling panels, a basement of reinforced concrete panels and a roof of metal plates.
In 2023 the building was completely renovated and put into use as a pre-school educational institution. All utilities have been completely replaced, the building has been connected to the city water and sewerage network (with pumping station at the central supply), all windows and doors have been replaced, a completely new heating system with heat pump and gas has been built, a solar panel station of 11 KW has been installed on the roof. The air gap between the aerated concrete and the brick facade was filled with graphite balls for thermal insulation, the external walls were insulated from the inside and the attic slab, the plinth was insulated.

The building has 2 floors of 360 sqm and a basement of 180 sqm, which houses the utilities and is not renovated, but is dry and used as storage. The ceiling height of the first floor is 3 m, the ceiling height of the second floor is 2,70 m. A new solution for the access road, an escape staircase on the courtyard side.
When the building was converted into a kindergarten, the networks, risers were planned so that in the future 4 separate apartments could be built, with a shared conservatory, one apartment with private access to the courtyard, the escape staircase converted into a balcony.

Currently there is a lease agreement with a private pre-school for EUR 3500 per month + utilities. Cash flow is stable and predictable. Given that the house has just been renovated, the management requires little attention.