The current investment opportunity offers CROWDESTOR investors to make a loan for development of real estate project located in Riga, Ciekurkalna 7. Funds will be used for real estate reconstruction works.
CROWDESTOR loan will be repaid from the pre-bookings and sales of the apartments or refinanced by a long-term bank loan.
Current investment opportunity offers CROWDESTOR investors to make a loan with 12,00% annual interest rate. Minimum target to be raised in CROWDESTOR platform is EUR 50 000,00 and the maximum target is EUR 280 000,00.
Minimum target: EUR 50 000,00.
Maximum target: EUR 280 000,00.
Loan term: 12 months.
Interest rate: 12 % per annum.
Interest payments: paid monthly.
Loan repayment: In full at the end of the Loan Term.
Crowdestor BuyBack fund: Yes.
Collateral: The loan is secured by a guarantee of the borrower company.
Remember - interest rate payments start calculating from the day you make your investment!
Object: 4 interconnected real estates on Ciekurkalna 7. transverse line 7, 7A and b/n, Rīga.
Cadaster No. of the properties: 0100 088 0062; 0100 088 0110; 0100 588 0041; 0100 588 0045
Land area: 7054m2 and 1043 m2 (the watch-house is located on land owned by another person)
Areas of buildings and structures: Administrative building - 5165,3 m2, Guard building - 82.7 m2, Asphalt area - 2916,4 m2, Fence with gate - 825,0 m2
Current type of use: Uninhabited building
Best type of use: Office building, small apartments, educational institution, hotel, etc.
The property is located in the neighborhood of Ciekurkalns in Riga, on the 7th crossing of Ciekurkalns between Ciekurkalns 1st and Ciekurkalns 2. In the middle of the quarter, on the side of the street. The administrative building is located slightly away from the street, in the inner quarter.
The accessibility of public transport is considered poor, the nearest stops are located ~ 300 m from Ciekurkalns 1st and 2nd Lines, where only 9 bus runs. Access to property along the Ciekurkalns 7th crossing, covered with poor quality pavement.
Surrounding buildings consist of low-rise and multi-story residential houses and public buildings.
Plot area: 7054 m 2
Encumbrances:
Improvements: The land is fenced and asphalted
Available Communications: Connections to central utilities (heating, electricity, sewerage, cold water)
Configuration: Polygon of irregular shape
Terrain: Flat
Risks (flooding, erosion, etc.): Minimal
Plot area: 1043 m 2
Encumbrances:
Improvements: The land is fenced
Available Communications: -
Configuration: Polygon of irregular shape
Terrain: Flat
Risks (flooding, erosion, etc.): Minimal
Cadastral designation: 0100 088 0062 001
Number of floors in the building: 4+ basement
Technical condition: Satisfactory
Planning: The building has 2 staircases, each floor in the middle has a long hallway from one wall of the building to the other, in each end there are sanitary facilities. At the ends of corridors there are sanitary facilities.
Technical specifications:
Building construction area: 1241,7 m2
Building volume: 19 526 m3
Total area of the building: 5165,3 m2
Exterior & Structures:
Basics: Reinforced concrete
External walls: Siliceous bricks
Coverings: Reinforced concrete
Roof: Flexible sheet materials
Engineering equipment:
Heating: City centralized networks
Electricity: Centralized networks
Gas: -
Sewerage: City centralized networks
Water: City centralized networks
Short description of interior decoration: The building has replaced windows and sanitary facilities, other rooms in the building are without major improvements, they are in need of carrying out modern technical and aesthetic repairs.
Cadastral designation: 0100 088 0158 001
Number of floors in the building: 1
Technical condition: Satisfactory
Planning: Guard service room, changing room, lounge, connected sanitary room, 2 utility rooms and 2 hallways.
Technical specifications:
Building construction area: 107,7 m2
Building volume: 295 m3
Total area of the building: 82,7 m2
Exterior & Structures:
Basics: Reinforced concrete
External walls: Siliceous bricks
Coverings: Reinforced concrete
Roof: Asbestos cement
Engineering equipment:
Heating: City centralized networks
Electricity: Centralized networks
Gas: -
Sewerage: City centralized networks
Water: City centralized networks
Short description of interior decoration: The interior of the building is free of major renovations and requires a modern technical and aesthetic repair.
Positive Factors Affecting Real Estate Value:
Negative Factors Affecting Real Estate Value:
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