Located in the picturesque country of Latvia, this apartment investment opportunity offers a unique chance to be part of a modern development project. With a price per share of €200 and an estimated minimal return of 8.2 percent, the property holds a promising value of €100,000.
The project owner's vision includes the construction of a contemporary two-story building, featuring four spacious four-bedroom apartments. Each unit will boast a total floor area of 456.8 m2, with an energy-efficient design ensuring low utility costs. The average area per apartment will be 114.2 m2, with a common living area on the ground floor and three bedrooms on the second floor, along with private terraces for each unit.
Progress on the development has been steady, with completed works including excavations, foundation construction, and installation of essential systems. The current funding phase aims to finalize the exterior of the building before moving on to interior works, with a maximum planned amount of EUR 850,000. Additional financing will be sought based on the property's valuation, ensuring a sustainable approach to project funding.
With a total expected sales revenue of EUR 2,032,000 upon completion, this investment opportunity presents a solid potential for returns. The careful planning and execution of the project, combined with a transparent financing structure, offer investors a chance to be part of a promising real estate venture in Latvia.
As the development progresses towards completion, investors can look forward to a profitable outcome while contributing to the growth of a modern residential complex. With a focus on quality construction and sustainable financing, this apartment investment in Latvia stands as a prudent choice for those seeking a reliable real estate opportunity.