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A new office and sporting complex project in central RiA brand new hotel building project in Central Riga
New business complex building project in Riga
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Description: Description: Block of fashionable office buildings; Intended use/purpose: Business complex which consists of two 7-storeyed buildings; Address/area: Duntes Street 19, Riga Total building area: 26 345 m2 Project cost for investor: 7 000 000 EUR Price of the offices: 3 000 EUR/m2 (in total 23 239.8 m2) Price of the terraces: 1 500 EUR/m2 (in total 3 705 m2) Land plot: 17 606 m2 Potential profit: 22 953 021 EUR Payback period: 2-3 years; Highlights: Complex will meet all parameters of ''A'' class offices; Weak Sides: without obvious disadvantages; Benefits: Comfort transport communication, unlimited parking places according to the plan of building the additional seven-floor car parking and developed infrastructure. Financial projections: 1) Income total: 67 487 034 EUR 2) Variable costs: 33 613 493 EUR 3) Gross profit: 33 873 541 EUR 4) Net profit: 22 953 021 EUR Technical condition: New project (not built); Year of construction: 2010 |
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