COMMERCIAL REAL ESTATE PORTFOLIO WITH INCOME MORE THAN 4 MILLION EURO

financial information

$56,097,561
Michael

business information

Form of Ownership: private property

business status: operating business

Terms of alienation: simple sale

Number of staff: On request

Description

A large portfolio of commercial real estate in Latvia is offered for sale. consisting of 12 retail shopping centers. which was created. since 1997. by purchasing real estate. located in strategically important areas of the capital of Latvia in the city of Riga (10 shopping centers). as well as in the nearby city – Salaspils (2 shopping centers). All facilities are located in a very attractive. highly competitive places – densely populated areas. surrounded by high-rise residential buildings.

Tenants:
– The anchor tenant occupies about half of all areas – one of the largest retail chains in Latvia. Financially stable company with a good reputation. with over 25 years of successful corporate history.
– Other tenants: bank branches. pharmacies. Cafe. service companies. shops and many others.

Over the past 5 years, 85% of the premises have been renovated.

The management of the company consists of 8 people.

There are opportunities for expansion through the construction of new areas [ как коммерческих. так и жилых ] on company-owned land.

The company is 100% controlled by one shareholder. through one legal entity.

The property has no debts or other encumbrances.

Relatively simple business. does not require constant conceptual rearrangements. investment in marketing or hard-to-replace management personnel.

The company’s net operating income (NOI) is more than 4.4 million euros

Sale price: on request

More detailed information. as well as the sale of other business objects on our website:

Source link