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A commercial building for sale in Old Riga…

3,000,000 €
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Total area: 2,682 m²
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Features
  • Land area: 902 m²
  • 6-floor building
  • 1 floor

For sale is offered office and apartment building located in the most prestigious area of Riga city — the Old Town.

History:

The building was built in 1986. Construction materials were delivered from all over the Baltic states according to Riga traditions; roof tiles were delivered from Lithuania, cast iron grates from Livani, section bricks for finishing of windows from Lode, windows — from Finland and decorative marble from Karelia. The building blended perfectly in its surroundings representing a link between the modern Soviet period architecture and preserved historical buildings.

Advantages:

- Location — the center of stay for most tourists (historical places, squares, tourist routes, restaurants and cafes);

- Developed floor planning;

- Opposite a large car park.

The proposal for building future use — a hotel.

The building is not an architectural monument.

Land plot area — 902 sq. m.

Total building area — 2682.10 sq. m.

Office rooms from the 2nd up to 6th floor:

1st floor — 376,60 sq. m. — 6 rooms;

2nd floor — 516,20 sq. m. — 17 rooms;

3rd floor — 514,40 sq. m. — 20 rooms;

4th floor — 440,20 sq. m. — 18 rooms;

5th floor — 339,40 sq. m. — 16 rooms;

6th floor — 137,80 sq. m. — 2 rooms.

Basement floor — 314,80 sq. m.

Commercial premises of the basement floor could be use as a restaurant or a coffee shop, (there is an equipped kitchen for the restaurant).

Restaurant premises rental price: 15–20 EUR/sq. m. + VAT + utilities.

All amenities: urban communications, elevator.

Additionally, by using the building on Grecinieku street, the first floor and basement can be fitted with SPA center and floors 2–6 — with 12 luxury suites.

Total rental price of the building: 10 EUR/sq. m. + VAT + utilities. (26,821 EUR + VAT + utilities).

Statistics in Riga

Price per m², €
1,740
Healthcare efficiency level
62
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
63
Index 63 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 1,739.74
Apartment in a bedroom community, m² 1,079.32
Transport Price, €
Public transport, 1 ride 1.15
Monthly travel card 50.0
Taxi, 1 km 0.6
Petrol, 1 l 1.25
Food Price, €
Water, 1.5 l 0.59
Milk, 1 l 0.89
White bread, 500 g 0.83
Eggs, a dozen 1.65
Chicken fillet, 1 kg 5.18
Education Price, €
Kindergarten, per month 312.41
International school, per year 11,647.06
Health care index
Staff competence 68.4
Medical equipment 70.96
Research accuracy and completeness 63.03
Attitude towards patients 61.11
Security index
Crime rate 36.33
The risk of being robbed 32.18
The risk of car theft 45.79
The risk of break-in and property damage 46.33

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

Show the entire statistics

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Julia Morozova
Julia Morozova
Senior Investment Consultant
+44 17 4822 0039
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