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Krasta Kvartals in Riga

Name: Sales in Krasta Kvartals started!
Start: 2022-02-10T12:17:06.938018+00:00
End: 2023-12-31T23:59:59+0000
Location: Krasta Kvartals

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Project info

Object ID: 18101

Finished at	February 2021
Price, m²	From 2230$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 34.30 m²
Floors	9
Apartments	500
Condition	Turnkey
Construction type	Monolyth
Security	Reception
Conveniences	Parking Commercial area Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

8,078$

Rental income

1,103$

Management

689$

Utilities

403$

5% Income tax

5,883$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	29%	9	25$	225$
February	28	35%	10	25$	250$
March	31	25%	8	27$	216$
April	30	26%	8	35$	280$
May	31	51%	16	35$	560$
June	30	80%	24	38$	912$
July	31	87%	27	55$	1485$
August	31	87%	27	70$	1890$
September	30	66%	20	45$	900$
October	31	64%	20	35$	700$
November	30	40%	12	25$	300$
December	31	38%	12	30$	360$
Total	365		193		8078$
Average		52%		37$

Total invested

75,820$

Net profit

5,883$

Payback period

9.4 years

Avg property value increase per year

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About the project

The coastal district, as a separate part of the Moscow suburb, began to form during the construction of the Island Bridge in the 1970s, and is now becoming one of the liveliest and most intense neighborhoods in Riga. The territory between the South and Island bridges, which is marked on the one hand by Daugava and Krasta Street, and on the other hand by Maskavas Street, is called the Coastal District. Along with the construction of an active shopping center, as well as offices and residential buildings, the infrastructure of the neighborhood and its recreation and entertainment opportunities are being developed, making the Coastal District an enticing home.

About home

The coastal quarter will be the most suitable home for those who appreciate the closeness of nature and the possibility to easily get to any part of the city in a short time. In the quarter between Kojusala, Maskavas, Grēdu streets and Krīdenera dams, a modern and green Scandinavian, green and well-equipped residence is being built for more than a thousand Rigans.

The construction of the project started in 2018 - it is being implemented in several stages, allowing the future residents to choose the most suitable housing in terms of area, layout, level of finishing and price. The first two houses of the project have already been put into operation and are waiting for their new occupants. In total, in the fenced area, which will be equipped with a modern video surveillance system, it is planned to build six nine-storey buildings with 500 apartments, as well as to green and improve the large area around the house. The apartments on the upper floors have a great view of the Daugava and the city at any time of the year.

Developer

Bonava is a Swedish housing developer and one of the leading companies in this segment in Northern Europe. Bonava has been building houses a…
Details about Bonava