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Inverstment project in the center of Riga…

2,500,000 €
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Total area: 2,834 m²
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Features
  • Land area: 818 m²
  • 5-floor building
  • 5 floor

For sale is offered household with perfect location — just 200 m to Old Town, 150 m to Central station, 8 km to Riga Airport.

Central location and good transport connections allows to create modern high class hotel or hostel, but property might be also used as office or residential building.

Household was build in 1880, based on first Latvian architect with academic grade- Fridrih Baumanis project.

Historical facade of the building remains unchanged till nowadays.

In 2006 building has gained status of Historical heritage of Riga.

There is sketch renovation project, that offers to re-construct building into hotel(47 rooms: 24- single rooms, 23- double rooms).

It is possible to install elevator in the building, as well as increase size of the building by adding mansard floor. There are 2 staircases located in the building.

Land plot is 818 m². There is parking for the tourist buses and small inner yard can be converted into parking lots or nice green zone.

We can assist to attract Hotel operator as have some preliminary agreements (if needed).

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

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If this property wasn’t for you, take a look at other mix used buildings for sale in Latvia.

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Enquire about this mix used building
Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 20 3608 1267
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    When you submit a request, you agree to our terms and conditions
    • Bank financing from 4.8% annually
    • Construction site audits
    • Management company services