River Breeze Residence in Riga

Name: Sales in River Breeze Residence started!
Start: 2022-02-09T12:48:30.231567+00:00
End: 2023-12-31T23:59:59+0000
Location: River Breeze Residence

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Project info

Object ID: 18068

Finished at	January 2022
Price, m²	From 2045$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 38.50 m²
Floors	7
Apartments	47
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking 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

77,710$

Net profit

5,883$

Payback period

9.6 years

Avg property value increase per year

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About the project

Klīversala is a breathtaking peninsula on the left bank of the Daugava river, facing the towers of Old town Riga and the President Castle. Klīversala is located at the most picturesque and beautiful part of the center of Riga and holds a rich history.

Klīversala will be developed as an integral area that binds together the feeling of a metropolitan, modern architecture and well considered living environment. Klīversala Quarter will be a new centre of the urban city life, creating fine balance between residential buildings, cafes and restaurants with an open area for people at any age to enjoy.

This area is unique and outstanding across Europe – it is located right in the heart of the city, just a walking distance from the old town, spectacular views and at the same time green and quiet.

The very first residence of the Klīversala has been completed – River Breeze Residence is a truly one of a kind landmark of the city’s silhouette, located on the shore of the Daugava. River Breeze Residence is known and recognized for its unique appearance and impeccable quality. The round shape of the Residence allows to catch as much sunlight as possible and offers spectacular views to the old town Riga and its towers, and river Daugava.

River Breeze Residence is a unique home for people who value high quality, enjoy modern architecture and well considered green living environment in the best location. River Breeze Residence consists of 47 apartments in total with a wide range of selection for different needs and expectations – spacious townhouses with terraces, well-lighted apartments with large terraces and breath-taking views and large, luxurious penthouses on the last floor.

River Breeze Residence is located within the UNESCO heritage protection area and is thereby considered as a highly valuable territory.

Developer

Pro Kapital Grupp is one of the leading Estonian real estate developer focussing on contemporary large-scale commercial and residential prop…
Details about AS Pro Kapital Grupp