ARCO REAL ESTATE

ID: 102389 Edited: 11.09.2023.

Great price for investment object that is for sale, registered in the land register as an apartment with a total area of 420.3 m2 and consisting of a part of property on Krāsotaju street 9. The property is ideal for the creation residential premises/rental apartments or for the use as commercial premises. The property is located at the intersection of Krāsotaju and Sparģeļu streets, next to Ziedoņdarzs and near Grīziņkalns park.

The offered apartment is located in a pre-war brick building with a renovated facade and changed double-glazed windows. All the property where proposed property is located consists of residential building, subsidiary buildings and the territory with a total area of 1311 sq.m. and are divided between several co-owners, whose rights to use the co-owned property are registered in the land register.

The total area of the residential building indicated in the state land register is 960.6 m2, divided between 3 apartments and 1 workshop premises. Heating in the residential building is provided by each of the owners with their own heating solution, and currently the building is not connected to the city's centralized heating. The property has access to city water and sewerage, as well as separate electrical connections.

The untapped potential of the property is the attic space with high ceilings, which are divided between 2 co-owners in proportion to the apartment areas they own. The reconstruction of the attic can be carried out without further coordination with the co-owners, because it is determined by the agreement on the order of use of property, and after the reconstruction of the attic, it is possible to acquire an additional area of approximately 250 m2, which is currently not registered in the state land registre.
The property is ideal for creating rental apartments or as commercial premises for the needs of a company. If you have any questions or would like to view the property, feel free to contact me.