Current investment opportunity offers CROWDESTOR investors to make a loan to SIA TERLAX with a term of 12 months and interest of 12,8% p.a. paid monthly. The financing target is EUR 140,000.
Funds will be used to pay the part of the principal of the previous loan (CRP-2170). The borrower has followed the payment schedule in a timely manner: has fully repaid interest payments and has partly repaid principal payment.
Due to the circumstances of the pandemic - there was a dropdown in the sales/rent of commercial sites. At the moment SIA TERLAX has concluded several cooperation agreements with tenants and has stabilized cash flow. The company plans to refinance liabilities in the bank and successfully finalize liabilities with investors.
The site is located in Daugavpils - the second biggest city in Latvia.
|Minimum target:||EUR 30 000.00|
|Maximum target:||EUR 140 000.00|
|Loan period:||12 months|
|Interest rate:||12,8% p.a.|
First-hand mortgage on 5-story production - warehouse building with a total area of 41 904,4 m2 (Cadastral No. 0500 007 1616), Adress: Visku street 21T, Daugavpils. The valuation of the real estate object owned by Borrower is EUR 860 000.
|CROWDESTOR Provision Fund||Yes|
Remember - interest rate payments start calculating from the day you make your investment!
5-story production - warehouse building with a total area of 41 904,4 m2 is located 6km from the Daugavpils city center in the industrial part of the city. The warehouse is on Visku street, which is the main street in this area.
Area of land - Land unit (Cadastral designation 05000070097) 3,6502 ha total area. The land is connected to centralized electricity, water, and sewerage, natural gas networks.
The land is located inside the block, in the area of Business Park (a former chemist-fiber plant), the block is restricted by the streets of Medeļejev and Višķi, a forest, a railway marshaling yard. Driving to the area mainly used streets are Višķu and Mendeļejev streets.
Relief – Flat
|The total area of the building||41 904,4 m2 (Cadastral designation 05000071601052).|
|1st floor||19 304,2 m2|
|2nd floor||3 786,1 m2|
|3rd floor||18 666,2 m2|
|Staircase and auxiliary rooms||147,9 m2|
|Ceiling height||2,47 – 7,3 – 9,5m|
|Building area||19 982,4 m2|
|Construction capacity||332 120 m2|
Type of use of the building - the former Chemical Fiber plant, a wetting-weaving building with manufacturing, storage, and administrative premises - was the second-largest workshop in the plant (the first occupies an area of 130000 m2). The building was constructed and transferred to the expressway in 1982 and partly met the modern requirements. The largest area of the five-level building is occupied with manufacturing plants on floors 1 and 3 and can be driven to the third floor by a freight road to the built-in bridge, the tunnel.
The second level is occupied by an attached 2-story administrative part with several cabins, staff spaces, corridors, shower rooms that are not in use. First and second-floor workshops have a simple plan - one large area space with separate parts of the staff. On the second floor earlier, there were ventilation shafts with huge venting equipment and systems. These mines were needed due to the main company profile - the production of chemical fibers. All shafts were dismantled and the 2nd floor part is completely free and released from brick, a metal that allows them to be used for production or storage purposes.
The third floor also houses staff rooms - closets, laundry rooms, lounges, etc. On the fourth and fifth floors, there are small auxiliary spaces in the construction of the roof.
The building has several entrances, big gates, a railway line from an adjacent marshaling yard with a landing ramp into the building that enters the premises of the 1st floor of the building. The entry of heavy-duty vehicles on floors 1 and 2 to the manufacturing plant is fitted. There is an unloading ramp with an awning. The building also houses freight elevators. The railway line is served by the city's municipality. The building has a replaced roof.
The building is too huge for the one company needs, but it can be divided into several parts, and the first and second floor can function completely autonomously. The administrative part may be used jointly. The installation has a high-powered electricity connection, two transformers, each at 1600 kW. Only one is functioning at the moment.
Building construction elements, interior decoration, and provision with utilities (building's existing technical condition of the essential elements of the design is generally satisfactory):
|Foundation||Concrete & reinforced concrete|
|External walls and load-bearing partitions||Brick wall/panels|
|Doors||Wooden / Wooden and PVC entrance doors / Metal lift gates|
|Windows||Glazing in wooden constructions|
|Interior finishing in overall good/satisfactory condition:
|External engineering networks:||
|Internal engineering networks:||
|Positive factors influencing the market value of the property:||
|Negative factors influencing the market value of the property:||
The market for production buildings and warehouses in Daugavpils City is not active, but interest in this sector's properties is increasing. The supply of industrial building sites - manufacturing, workshops, warehouses, administrative buildings - exceeds the demand. The demand is mainly for properties with different uses, in areas with good infrastructure, with good traffic, as close as possible to the city, favorable road networks, ports, at an adequate price. The main value factor of production/storage facilities is the proximity of engineering communications (access to a gas pipeline, urban water pipeline, and sewer), the consistency of driveways, the availability of labor.
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