A promising residential property for sale in Cēsis, Kr.Valdemāra Street

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Commercial objects A promising residential property for sale in Cēsis, Kr.Valdemāra Street

Short Overview

A multifunctional property for sale in the center of Cēsis, on Krišjāņa Valdemāra Street. The property includes a rented apartment building, a barn and a courtyard.

Building area: 1038.4 m²;
Land area: 995 m². There is a parking space in the yard, as well as a barn;
The building is rented-out with a 10% yield.

The four-story building contains commercial premises (a store) and several apartments, creating ample opportunities for both long-term investments and stable rental income. The property has significant potential for increasing value - by gradually renovating the building, it is possible to increase both rental income and the total market value of the property, since the building is located in a place where there is a stable demand for rental housing.

The property is located in a strategically advantageous location, in the immediate vicinity there is the old town of Cēsis, public transport stops, various types of shops, educational institutions (next to Cēsis Pastariņa Primary School, Cēsis State Gymnasium), bus station and railway station, etc.

For more information, call the phone number provided.

1038 m²