Land for sale in Jūrmala, Jaunķemeri. An investment project is offered together with the land

Land for sale in Jūrmala, Jaunķemeri. An investment project is offered together with the land.

• The land plot is located in the Riga district, near the resort city of Jūrmala, in a coastal zone that is ideal for the development of high-end residential real estate;
• Sea view, which is unique for the real estate market;
• According to research by real estate consulting firms at the end of 2007, the price of private residential property with infrastructure in this area was EUR 150–170 per m², while land by the sea was valued at EUR 200–300 per m²;
• The large size of the land plot allows for the creation of a unique development concept with no equivalents in the Baltic States;
• At present, the company owns a land plot of 8.4 hectares located 858 meters from the sea. Approximately 70% of the territory is covered by forest. The current development stage includes territorial planning and a technical residential project. The main objective of the project is to create a fully operational resort-residential complex with a total built-up area of 43,000–48,000 m²;
• Jūrmala, located within the Riga district, is well known as an exclusive residential area on the Baltic Sea. Nearby are Lake Babīte, Lake Kaņieris, and the Lielupe River;
• The complex will be located 14 km from the center of Jūrmala, 40 km from Riga, and 36 km from Riga International Airport. The excellent location is one of the project’s key advantages;
• The project is divided into several zones – residential area, sports activity zone, jogging/cycling zone, etc. The project is aimed at high-income individuals;
• The total investment required for the development of the project is estimated at EUR 70 million, which is expected to generate a profit of EUR 50 million;
• The general development plan of Jūrmala was approved at the end of 2007 and allows for extensive development of this area.