Development Project with a Renovated Apartment Building

Development Project in the Center of Riga
Project Description:

A land plot with an area of 3177 m² is offered for sale, featuring a fully renovated building and a developed concept for new residential construction.

Existing Property:
Total gross area of the building: 725 m²

Net area: 610 m²

Number of floors: 5

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

Renovation period: 2024–2025 (construction works fully completed)

Infrastructure:

New elevator installed,

Wooden windows,

Gas connection,

Electricity connection via Sadales tīkls,

City water supply and sewage system,

TET communications connection.

Development Potential:
An approved sketch project for the construction of a new complex:

Six 6-story residential buildings,

Gross area: 7129 m²,

Net area: 5954 m²,

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

Project Summary:
Total number of apartments after development: 239 apartments

Total net area: 7854 m²

Total gross area: 6564 m²