Investment property for sale (up to 39% shares) in Riga, Austuves Street 3A (Krasta Street) – 100% occupied with tenants
We offer to purchase the prospective shares in a stable, profitable commercial real estate in a strategically advantageous and sought-after location — in Riga, Austuves Street 3A, in the Ķengaragas neighborhood. The property has a direct exit to Maskavas Street and the A6 highway, convenient access to the South Bridge – a rare combination that provides excellent access and potential for development projects at this address. The object is 100% leased – Car Service, Manufacturing, Warehouses, ensuring immediate and predictable cash flow from the moment of closing the transaction.
Key indicators:
Total real estate area: 22,935 m²
Tenant occupancy: 100%
Share for sale: Total 39% (three owners, each owning 13%). It is possible to purchase each 13% share separately, two shares (26%) or all three together (39%).
Financial terms and prices:
13% ownership share (1 owner):
Price: 310,000 EUR
Annual income (Gross): 22,750 EUR
Annual expenses: 3,100 EUR (PRI, security, landscaping)
Net annual income (NOI): 19,650 EUR
Yield: ~6.34% per year
26% ownership share (2 owners):
Price: 610,000 EUR
Annual income (Gross): 45,500 EUR
Annual expenses: 6,200 EUR
Net annual income (NOI): 39,300 EUR
Yield: ~6.44% per year
39% ownership share (all 3 owners together):
Price: 900,000 EUR
Annual income (Gross): 68,250 EUR
Annual expenses: 9,300 EUR
Net annual income (NOI): 58,950 EUR
Profitability (ROI/Yield): ~6.55% per year
Advantages of the object:
Strategic location: Austuves iela 3A is a highly sought-after industrial/commercial area with easy access to city highways and bridges.
Immediate return: No additional investments or tenant search required.
Low maintenance costs: Transparent expense structure (security, taxes, improvements).