Baznicas 20/22is situated in the center of downtown Riga, near New Gertrudes Church and numerous stores and offices. It is only 10 minute walk away from Old Town Riga, and also close to the Cabinet of Ministers, most major foreign embassies, and hotel Reval Latvia.

The property contains two connected buildings, both recently constructed, including a six story, 3760.7 sq.m. (GLA 3118.1 sq.m) mixed-use complex, with retail space on the first two floors and premium offices on the top four. Completed in 2002, it is equipped with the most modern amenities, including new HVAC system and electronic surveillance network. #22 is a multi-storey parking garage totaling 6658 sq.m. and containing 230 parking spots. Baznicas 20/22 complex won a national architectural award sponsored by the Latvian Architecture Association.

Current monthly income for this property is € 39,232 per month (VAT free). Please note, that this income is from new, reduced rents that represent current rent market situation in Latvia. These rents are considerably lower than they could be in stable market, hence providing potential investor with higher rental income. Currently approx. 95% of all premises are leased out to stable and reputable tenants with middle to long term rent agreements.

Price for 100% of SPV shares € 10.000.000.