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Renovated house in the heart of Old Town

5,000,000 €
3,548 € /m²
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  • Total area
    1,409 m²
Property parameters
  • Land area: 393 m²
  • 6-floor building
  • 1 floor

For sale is offered historical, fully renovated building located in the heart of Old Town on one of the most crowded streets — Audeju street.

Property was renewed in 2008 and now is kept in good condition.

At first, second and third floors office premises are located. Fourth floor has planning of the spacious conference hall and wonderful terrace.

On the two upper floors and mansard floor luxury apartments are located. Building was buil on 1900 by architect Konstantin Peksens.

Total floor space: 1410 sq m (15,177 sq ft)

Office space: 963 sq m (10,365 sq ft)

Apartment space: 179 sq m (1926 sq ft)

Common area: 268 sq m (2884 sq ft)

Floors: 6

There is an elevator

The building is located in the historical centre of the city – in Old Riga that is part of the UNESCO World Heritage List.

The favourable location ensures comfortable getting around and easy access to the most popular tourist attractions.

Riga Castle, main building of Saeima (Latvian parliament), Blackheads House, Riga Town Council, St. Peter’s Church, Riga

Cathedral, Strēlnieku Square, Great Guild and Small Guild, Town Hall Square and other points of interest are only minutes

away. There are also restaurants, cafes, hotels, a shopping mall and different possibilities for recreation – all within a

hand’s reach.

According to historical sources the oldest data about the estate in Audēju Street 9 date back to

1458; then, there was a mansion that belonged to a man named Hans Hofburn.

The history of the building preserved until today reaches back for more than 200 years.

Within the centuries of its existance the property has had several owners. In the 19th century it

belonged to a member of the Riga City Council, later it was rented out to the Treasury and for

a short while it was even used as a stable. From the beginning of the 20th century the building

has been mostly in commercial use and has housed different shops, chemical-bacteriological

laboratory, a pastry shop, a canteen and several workshops. For years it has served as a Project

Institute of the Communal Ministry.

In 2008 the building was acquired by new owners – the whole bouling was thoroughly renovated and is now one of the most beautiful and sumptuous

examples of Classical and Art Nouveau architecture in Audēju Street. The exquisite, tasteful and

modern interior with its luxurious and detailed decoration creates a presentable impression.

More information is available on request.

Extra opportunities

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

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More properties

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.

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
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.

Invest in development project

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    capital placed

    10 years

    in the real estate market


    deals since 2008

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    Anna Kurianovich
    Anna Kurianovich
    Investment consultant in Central District
    +44 17 4822 0039
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