Building property with a land plot for sale for a development of a new project in the Quiet Centre of Riga on Dzirnavu Street, between Pulkveža Brieža, Strēlnieku and Mednieku Street.
The building is located in the prestigious embassy district, it is surrounded by landscaped, green parks (Kronvalda Park, Viestura garden), well-known restaurants, the most sophisticated houses and offices in Riga. Well-developed infrastructure, convenient access to the main roads and public services adds an additional value to this already beautiful district of Riga. Five minutes away is Riga 10th and 13th high schools, Stockholm school of Economics, RIMI supermarkets, Maxima supermarkets, several restaurants (Riviere, Buberts, Rossini, Farm, M’archers, etc.), ten minutes away is the new Skanstes business and residential district, Olympic Sports Centre, Riga Passenger Port and Andrejosta Yacht Port.
According to the Riga spatial plan, the property is included in the territory if the historical centre of Riga and its protection zone( RVC AZ). According to the data of the cadastral survey file, the existing, partially dismantled building has an area of 889,6 m2, a building area of 307,8 m2, and the status of a monument is not suitable for it.
The total area of the plot of land is 961 m2.
The technical project of the multi-apartment residential house approved by the Riga City Construction Board in 2011 envisaged the reconstruction of the existing residential house and the construction of a new multi-apartment residential house in the courtyard, with a total construction area of 2383 m2. At the moment, the term of validity issued in 2011 for the building permit and the term of performance of construction works has expired, but the technical indicators of the construction of the technical project are realizable or renewable in a new construction project.
The technical project
Reconstruction of the existing house (5 floors) with a total area of 1190 m2 and a marketable area of 956 m2.
Construction of a new apartment building (7 floors) with a total area of 1273 m2 and a marketable area of 1022 m2.
The total area to be built is 2383 m2 and the area for sale is 1978 m2. The potential price for apartments, considering the current market situation and the possible exclusivity of the development project, is predicted to be around 3’500-3’800 EUR/ m2.
Additional information is available on request.
A good offer and a particularly suitable place for an exclusive apartment building project.
