Investment project: construction of an office building

ID: 3617
Riga, Latvia
2469m² area

Price:

€ 2,500,000

OVERVIEW

On 4 floors of the building there are office premises, conference rooms, bathrooms; on the upper, attic floor of the building - a cafe is planned.

The usable area of ​​the proposed building is 1750 m2. Planned area of ​​office premises: from 20 m2 to 83 m2. It is possible to adjust the area for specific needs and wishes of clients. Ceiling height - 3m.

All premises will be equipped with a modern air conditioning system, all offices will have telephone, Internet and TV connections. Panoramic windows will offer a wonderful view of the green landscape of Pardaugava. The underground level of the building will house 25 parking spaces for office workers and customers.

By investing additionally a tenth of the building value in this project, namely 10% (250,000 euros), it is possible to increase the usable area of ​​the building up to 2500 m2, according to the requirements and desires of the client.

In this case, the construction costs, including the purchase of land, would amount to € 2,750,000.

Taking advantage of the maximum potential to increase the usable area of ​​the building to 2,500 m2, the projected cost of the office building upon completion of construction will be approximately 5,000,000 euros. The calculations were made on the basis of comparative methods and calculations of real estate companies, taking into account the trends in property prices in the coming years. Equivalent facilities in terms of area of ​​premises and land, which have been restored on the basis of old buildings of this type, cost about 2,700,000 - 3,800,000 euros. Calculation formula: 100% of the cost of a new object, projects and buildings of the old type 50% - 70% of the cost of a new project.

Stage of the project:
The technical design of the building (general plan, architectural solutions and building structures) - was accepted in 2007 by the city building authority. This means that the construction of a new project can be started now, having previously received a building permit for a period of 12 months.

- land area - 2515 m2;
- total area of ​​the building - 2469 m2;
- usable area (without staircases, lobbies, etc. It is possible to increase this area up to 2500 m2) - 1750 m2;
- number of parking spaces - 25;
- forecasted rent of premises for 1 m2 per month - from 10 to 14 euros;
- projected income from the rental of premises and parking spaces per month (~ 24,500, euros);
- the projected cost of an office building after the end of construction ~ 5,000,000 euros;
- expenses for the construction of the building, taking into account the acquisition of land ~ 2,500,000 euros;
- construction period - 12 months.

Plot of land for mixed development on the street. Jaunpils, in Riga, with a new B1 category office building - “Spāres biroju center”.
Spāres Biroju Centrs office building is a new class B1 business center, which will be located in one of the most promising districts of the city of Riga - Pardaugava. Due to its favorable location from the center of Riga to the object can be reached in a few minutes, bypassing traffic jams. 2 elite class A office buildings Z-Towers are located at a distance of 3 minutes. ride.

Multi-storey exclusive residential complex Panorama Plaza - 3 min. walk, one of the largest stores of construction and household goods Depo - 10 min. walk. The center of Riga can be reached by car in 5 minutes (distance 4 km.). Riga International Airport - 5 min. driving (distance 3.5 km.). The famous seaside resort Jurmala is 15 minutes away. drive from the property.
Allowed to build up to 4 floors inclusive.

All city communications are carried out: water, gas, electricity, etc. There are 2 main possibilities for using an office building: 1. An investment object that generates a constant income for many years from the lease of office space; 2. Office of the company, which operates in Riga, Latvia, the Baltic region. Technical description: in the construction of the building, reinforced concrete load-bearing structures and glass elements were used in the design of the facade.

The following materials were used for interior decoration: gypsum partitions painted in the chosen color, or glass partitions; dropped ceilings; floors - as a basic option - soft flooring; connection of the Internet, telephone, TV, etc. is provided

A plot of land with an approved project for an office building (excluding construction costs) costs 295,000 euros. Land for mixed development, which can be used both for the construction of a private house and for commercial purposes.

CHARACTERISTICS:

Area (m²): 2469
Floors in the building: 4
Land area: 2515

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Alexandra Meyer
Personal assistant
Alexandra Meyer
Personal assistant