Office building located in the very center of Ķekava city, next to river, park, between shopping cen

Office building located in the very center of Ķekava city, next to river, park, between shopping centers and next to local center of culture. Building is in good condition with great potential to improve profitability. Building has new heating system and windows, surrounded with green area. Best usage for building is long term commercial rent for offices, medical center or senior housing.Required minimal investment approx € 127 000 to prepare offices for rent for price (4,7 € / sqm) with NOI €92 267 (9,97% yield). Required maximum investment approx € 698 000 to prepare prepare offices for rent for price (8,5 €/sqm) with NOI €139 431 (9,32% yield). Exit sales price for renovated and leased property with 8% cap rate would be €1 742 892. Property can be renovated, fully rented and exited within 12 - 18 mo