Rīga, Centrs, Ģertūdes iela

Rīga, Centrs, Ģertūdes iela
Rīga, Centrs, Ģertūdes iela

Development Project with a Renovated Apartment Building

Price

3 500 000 €

Area

725 m2

Land plot

3 177 m2

Development Project and Income-Generating Property in the Centre of Riga

Project Description:

The offering includes a land plot of 3,177 m² featuring a fully renovated historical building and a development concept for the construction of new residential buildings.

Existing Property:

Total gross area: 725 m²

Net usable area: 610 m²

Number of floors: 5

Number of apartments: 33 (ranging from 14 to 30 m²)

Renovation period: 2024–2025 (construction fully completed)

Infrastructure: New elevator, wooden windows, gas connection, Sadales Tīkls electricity connection, municipal water and sewage, TET communication connection.

Development Potential:
A detailed concept has been developed for a new residential complex:

Six 6-storey residential buildings

Gross area: 7,129 m²

Net area: 5,954 m²

Number of apartments: 206 (ranging from 16 to 33 m²)

Project Summary (Existing + New Development):

Total number of apartments after development: 239

Total net area: 7,854 m²

Total gross area: 6,564 m²

The property is located at Ģertrūdes Street 133, 131, and serves as a strong complement to the NOVIRA PLAZA project on Satekles Street, the planned Lāčplēša Square, and the upcoming FABRIKA shopping centre across the street.


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