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Hotel – Central District, Riga, Latvia

4,500,000 €
868 € /m²

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

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  • Total area
    5,179 m²
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Details
Property parameters
  • Land area: 1,286 m²
  • 6-floor building
Features
  • Swimming pool

We offer for sale the project of the 4+ star hotel, which is located in the Old City, near the Cable-Bridge.

Basic parameters of the project:

1. Reconstruction of the existing building (in the very center of Riga, 150m from the presidential building, at the entrance to the Old Town, overlooking the river and Central Park, total area 6 100 m²)

2. The building is a well-known monument of the Art Nouveau-style (built in 1906 by the famous architect)

3. The building is located on the corner and has two facades

4. The project provides the reconstruction of the building for a Hotel 4+, 129 rooms with a large SPA, including a swimming pool.

At the moment, we got several offers of operational contract from operator (most powerful and successful networks operating in the Baltic countries). The operators has made a business plan, based on the analysis of the market and data on hotels in their control. Here is agreement for a full design project with a well-known and experienced architectural company specializing in the design and renovation of hotels.

  • Property on the map
    Location right down to the building, street or city

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
4 участка под развитие с форвардной продажей во Флориде
  • 2,03 млн $ объём инвестиций
  • 24 % доходность
  • 1 млн $ капитал девелопера
  • 1 год срок проекта
Приём заявок до 30 октября

Лучшее предложение по девелопменту

4 участка под развитие с форвардной продажей во Флориде

Прием заявок до 30 октября

  • объём инвестиций 2,03 млн $
  • доходность 24 %
  • капитал девелопера 1 млн $
  • срок проекта 1 год

Продавец частный инвестор, выходящий на пенсию. Всего продается 4 учатка, площадью 2,369 м². Покупатель по форвардной сделке Housing Trust Group — лидер на рынке девелопмента жилой недвижимости во Флориде, участвует в программе доступного жилья Tax Credit Program.

Условием приобретения участка является получение Housing Trust Group одобрения властей. Местные власти заинтересованы в развитии такого рода проектов и одобряют 95 % заявок. Девелопер предоставил LOI на покупку участка.

В случае неодобрения заявки Housing Trust Group инвестор оставляет участок и может осуществить строительство многоквартирного дома самостоятельно или совместно с девелопером. Бюджет проекта – 32 млн $ (включая стоимость участка), срок проекта — 5 лет, Levered IRR – 32 %.

Заявка на проект

100 млн €

проинвестировано в наши проекты

10 лет

на рынке недвижимости

1000+

сделок с 2008 года

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If this property wasn’t for you, take a look at other hotels for sale in Latvia.

You can see more hotels for sale in Central District elsewhere on our website.

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Enquire about this hotel
Olga Starintseva
Olga Starintseva
Investment Consultant at Tranio
+44 17 4822 0039
  • Bank financing from 4.8% annually
  • Property, plot and construction site survey
  • Management company services
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