In this part of the city every building is unique, and the district — is the main sightseeing place of Riga. The property in this area is always in high demand among investors. A lot of recreational, cultural monuments, hotels and restaurants are focused here, as well, this is the main tourist centre of the city with an intense flow of people. The building is in good condition and can be reconstructed into a hotel. A spacious parking space is situated nearby.
A 5-story building in Old Riga
We can help you with your Latvian residency permit application when buying a property worth €250,000 or more.
- Total area2,483 m²
Property on the mapLocation right down to the building, street or city
Statistics in Riga
|Real estate||Price, €|
|Apartment in the city centre, m²||1,732.56|
|Apartment in a bedroom community, m²||1,076.71|
|Public transport, 1 ride||1.15|
|Monthly travel card||50.0|
|Taxi, 1 km||0.62|
|Petrol, 1 l||1.25|
|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|
|Kindergarten, per month||321.67|
|International school, per year||10,823.53|
|Research accuracy and completeness||63.0|
|Attitude towards patients||60.86|
|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 numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.
If this property wasn’t for you, take a look at other mixed-use buildings for sale in Latvia.
You can see more mixed-use buildings for sale in Central District elsewhere on our website.
- €2.6M investment amount
- 10 % yield
- 2 years project term
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.