COMMERCIAL REAL ESTATE PORTFOLIO WITH INCOME MORE THAN 4 MILLION EURO

Description

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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). and also in the nearby town - Salaspils (2 shopping centers). All facilities are very attractive. highly competitive locations - densely populated areas. surrounded by multi-storey residential buildings.

Tenants:
- An anchor tenant occupies about half of all space - one of the largest retail chains in Latvia. A financially stable company with a good reputation. with more than 25 years of successful corporate history.
- Other tenants: bank branches. pharmacies. a cafe. service companies. shops and many others.

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

The company's management consists of 8 people.

There are opportunities for expansion due to the construction of new areas [as commercial. and residential] on the land plots owned by the company.

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

Real estate has no debt or other burdens.

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

The company has a net operating annual income (NOI) of over 4.4 million euros

Sale price: on request

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