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Investment projects – Central District, Riga, Latvia

3,500,000 €
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Total area: 691 m²
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Features
  • Land area: 229 m²
  • 5-floor building

For sale is offered historical building located right in the heart of Old Town — facing Dome square. This is one of the most beautiful buildings build in Old Town, build in year 1901. In 2009 building was totally reconstructed and is kept in good condition, facade was totally restored, special lighting system installed.

Total size of the building is 914 m², including basement. Total rentable space is 691 m².

Currently building is rented to an apart hotel and bar/ restaurant on the 1st and 2nd floor (total size of 283 m²).

Developing potential:

style and design of the Hostel might be changed to Boutique Hotel level

mansard floor might be add, that will allow to increase total size of the building up to 100 m².

basement floor might be also renovated and use as the bar/ restaurant

Statistics in Riga

Price per m², €
1,733
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
62
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 numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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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 Central District elsewhere on our website.

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Enquire about this investment projects
Anatoliy Onufriev
Anatoliy Onufriev
Investment Consultant
+44 17 4822 0039
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    • Bank financing from 4.8% annually
    • Property, plot and construction site survey
    • Management company services
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