Villa For Sale in Aizkraukles, Latvia

An exclusive residential development, the Rizdene residence, is located in the heart of Riga’s historic Old Town on the banks of the river Rizdene. It offers unparalleled access to the city’s numerous amenities and principal commercial activities. The apartments constitute sound long-term investments and have excellent corporate and short-term let potential. The residence comprises 72 apartments in total ranging in size from 70 sq/m to 250 sq/m on six floors. The apartments are on two levels and have either balconies or terraces. Retail units will occupy the ground levels of the building. Underground parking is provided with state of the art Otis lifts connecting the parking area with the apartments. There is a green area of parkland to the rear of the building for rest and relaxation. The Rizdene residence is a deluxe development and is designed to ensure comfort and a high standard of living for its residents. Notwithstanding strategic benefits and the great architectural beauty of the area, UNESCO World Heritage Site status and prohibitive planning restrictions all serve to ensure the exclusivity of residential dwellings in this area of Riga. Further, with supply limited and demand strong, capital appreciation rates in the area are anticipated to continue their significant upward trend as the Latvian economy continues to flourish. Rizdene residence affords investors excellent corporate and short-term let potential. On-site services such as apartment cleaning and laundry ensure there is considerable scope to capitalise on Riga’s current under-supply of hotel accommodation by marketing apartments to the rapidly expanding numbers of foreign visitors and business persons in an apart-hotel capacity. The apartments are also sure to appeal strongly to the corporate market due to their proximity to the international embassies and the majority of multinational corporations in Riga. Apartments are offered for sale without finish, with the option to modify internal plans to meet individual preferences. Prices for this exclusive development range from 3500 per sq/m on the ground floor to 5000 per sq/m on the upper floors. This development is one of the last new builds in the Old Town of Riga and constitutes a sound long term investment. Expected Completion Date: Spring 2007 Prices start from 245,000 Euro Please contact EPL for further details Please note this price does NOT include commission. All prices in Latvia must be displayed without commission by law. This ensures transparency and protects the buyer. Expect to pay up to 6% as a foreign investor.