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Hanzas Rezidence is an elegant historical building in Riga city centre…

1,300,000 €

We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.

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Property parameters
  • Land area: 1,775 m²

A quiet downtown area is a legendary location in which the features of the contemporary buildings are in harmony with the architectural masterpieces of the XIX century. Most of the buildings in this quiet downtown area are featured in UNESCO's World Heritage List.

The price of the property EUR 1,300,000 includes a plot of land with an area of 1775 m² and two coordinated development projects (a valid permit to commence construction work):

1) The renovation project of a historic mansion, envisaging an expansion of the area for use (up to 1000 m²). Complete landscaping of the site as well as setting up of 18 parking spaces.

2) The project of a residential complex, which includes a new building with underground parking and a 4-apartment historic mansion. The total area of the complex is 4120 m².

In the first half of the 20th century, outstanding representatives of Latvia's intellectual elite, bibliographer Jānis Misiņš and poet Leonīds Breikšs, lived in this house (for renovation). The excellent location, competitive price offer and the availability of two fully coordinated development projects make it one of the most interesting offers on the market today.

The aim of the first project is to remodel the mansion into an office building and add a loft superstructure. It is possible to change the functional designation of the building to a small apartment house of club type or a private mansion for one family. There are 18 parking spaces in the adjacent territory next to the park.

The second, more ambitious project was designed keeping in mind the pattern drawn by the old riverbed, the image of which is assigned a special role in the basic conceptual elements of the project. It involves the remodelling of the mansion in a residential building with 4 spacious apartments with the superstructure of an exclusive penthouse and the construction of a 7-storey residential building with 23 apartments of various floor-spaces and with an underground parking lot. The courtyard of this exquisite residential complex will have a landscaped garden with a fountain.

Thanks to the perfect coherence of shapes and proportions, this modern and functional building volume succinctly fits into the context of historical development. The project ”Hanzas Rezidence“ conveniently combines the legacy of the past with the vision of the future, combining the charm of the historic centre of Riga with the dynamic functionality of the adjoining new districts.

  • Property on the map
    Location right down to the building, street or city
  • Infrastructure
    Shops, schools, transport and entertainment
  • Other properties
    Other offers nearby

Statistics in Riga

Price per m², €
Healthcare efficiency level
Index 62 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
Index 62 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 1,732.56
Apartment in a bedroom community, m² 1,076.71
Transport Price, €
Public transport, 1 ride 1.15
Monthly travel card 50.0
Taxi, 1 km 0.62
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.59
Milk, 1 l 0.9
White bread, 500 g 0.85
Eggs, a dozen 1.65
Chicken fillet, 1 kg 5.26
Education Price, €
Kindergarten, per month 321.67
International school, per year 10,823.53
Health care index
Staff competence 67.76
Medical equipment 70.83
Research accuracy and completeness 63.0
Attitude towards patients 60.86
Security index
Crime rate 38.04
The risk of being robbed 32.0
The risk of car theft 46.81
The risk of break-in and property damage 46.9

The data is provided by and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

More properties

If this property wasn’t for you, take a look at other investment projects for sale in Latvia.

You can see more investment projects for sale in Riga elsewhere on our website.

Repurposing a building into a residence hall with a forward sale in Cologne
  • €2.6M investment amount
  • 10 % yield
  • 2 years project term
Application deadline: January 30

The best development offer

Repurposing a building into a residence hall with a forward sale in Cologne

Application deadline: January 30

  • investment amount €2.6M
  • yield 10 %
  • project term 2 years

Buying and repurposing a building into a student residence with a subsequent sale. Several investors with different shares can participate. Buyers are already interested (Forward Deal).

An apartment hotel with a restaurant, a 11–12 -storey concrete building with a terrace and balconies. Total area — 4,984 m², number of units — 270.

The property is located near the centre of Cologne, 1 km away from the Agnes district. There is a traffic interchange not far from the building, the closest public transport stop is 400 m away. There are 20 different educational institutions within a 3–5 km radius. All the necessary infrastructure facilities are located within walking distance.

The expected rental flow after commissioning — €1M per annum.

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    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Riga
    +44 17 4822 0039
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