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Investment projects – Old Riga, Riga, Latvia

3,500,000 €
5,065 € /m²
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  • Total area
    691 m²
Details
Property parameters
  • 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

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If this property wasn’t for you, take a look at other investment property for sale in Old Riga.

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    Marina Filichkina
    Marina Filichkina,
    Head of Sales
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