We offer for sale an attractive investment project in the center of Jurmala - on Dzintaru Avenue.
The unique location - prestigious area of Dzintari, within two minutes walk from the famous tourist street Jomas, Dzintari concert hall, and of course the white sandy Jurmala beach. Next to the recently restored forest park "Dzintari" with numerous walkways and modern playgrounds. Surrounded by luxury multi-apartment projects designed in unique style of Jurmala wooden architectory.
At the moment the property consists of a land plot - 3459 m2, two buildings for demolition and one residential building (a wooden mansion, an architectural monument ID 5254) for reconstruction. It is possible to implement a three-storey multi-apartment house, while reconstructing a wooden house, which perfectly fits in with the overall concept of the project.
High class apartments of the project with a unique Jurmala style, an elite club house, designed with verandas, decorative elements of the facade, old style window frames provideing much daylight. Outside the window is the well-groomed territory and the central part of Dzintaru Avenue. The apartments will be with partial decoration.
Building area - 4177 m2
The area of apartments - 2815 m2
The sale price of apartments - from 4500 EUR per m2
Total income - € 13,508,400
Total costs - € 9,513,676
Investment period - 2,5 years
Profit before tax - 2,697,730 euros