№ 1,658,408
For sale an elegant historic building in Riga center
Price on request
  • Total area 2,000 m²
  • Yield
  • Lease term
  • Constructed
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Salman Salmanov
Investment consultant in Riga
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    Key project parameters

    Total area
    2,000 m²
    Floors
    5
    Floor
    5

    Project description

    An elegant 5-storey building in the very center of Riga for sale. The luxurious house was built in 1907 by the famous architect V. Hofmanis. Ambassadorial level, prestigious tenants. The facade of the building stands out for its elegant proportions and beautiful ornaments. The building has been completely renovated and has an elevator. Coded lock at the entrance, a historical renovated entrance and a cozy courtyard with parking spaces. Excellent location, the house is located at the crossroads of Stabu and Baznicas streets, both streets are one-way. An ideal option for those who dream of living in the prestigious center of Riga, enjoying the special atmosphere of one of the most beautiful cities in the world. At a distance of literally 1–5 minutes there are shops, restaurants, boutiques, public transport stops, banks, several clinics, the Dailes Theater and offices of various institutions. Across the road is the restored museum of Janis Rainis and Aspazija, as well as the historic church of St. Gertrude. 10 minutes leisurely walk to Esplanade and Kronvald park, 15 minutes to Old Riga. All neighboring houses have been restored, making the whole environment of the house as attractive as possible. There are 12 apartments in the building. All apartments are spacious with high ceilings from 3.20 to 3.85 m. Some apartments have balconies overlooking a quiet courtyard. Authentic parquet and beautiful tiled fireplaces have been restored. The windows of the apartments, depending on the location, overlook the front side, Stabu and Baznicas streets, as well as a quiet courtyard. On the ground floor of the building there are 3 commercial premises, each premises has a separate entrance from the facade. The total area of ​​the house is 2000 sq. m. (1750 sq. m. of rentable area), of which 1500 sq. m. apartments, 250 sq. m. — commercial premises. We will be happy to provide more information and organize a viewing of the property for you!

    Tenants

    Agreement
    n/a
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    annual yield
    From 10%
    exit period
    3 years
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    How we help investors

    Analysing the needs

    We use a methodology that enables us to formulate requests and find good deals in the market

    Developing a strategy

    We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment

    Providing transaction support

    We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account

    Helping with management

    We can take over the management of your property or recommend a suitable management company

    Organising property viewings

    We will arrange a visit to the site to view one or more projects

    Saving time

    At the investor's request, we can arrange a remote purchase with the least possible visits to the country

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      Anna Vorobyeva
      Anna Vorobyeva,
      Head of Commercial Property Department
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      Mikhail Reyderman
      Mikhail Reyderman
      Commercial Real Estate Expert

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