- 27,285,000 €
- 4.7% yield
- Old Riga Hotel room 3,900,000 €
- Basic parameters
- Photo
№ 2,493,544
All photos
Hotel room 1,500 m² in Old Riga
3,900,000 €
2,600 € /m²
- Total area 1,500 m²
- Yield —
- Lease term —
- Constructed —
Key project parameters
- Total area
- 1,500 m²
Project description
Brick commercial building in the very heart of Old Riga
Total area: 1500 m².
The building includes 34 rooms with panoramic views of Riga’s most iconic landmarks.
Possible uses:
- Hotel
- Office center
- Shopping complex
- Residential building
Advantages:
- Basement: technical and utility rooms, professionally equipped kitchen, planned reception area and spacious lobby
- Facade: clad in premium black granite, resistant to moisture and temperature fluctuations
- Roof: finished with natural copper, which over time acquires a noble malachite patina
- Structure: monolithic concrete
- Utilities: fully installed engineering communications
Location:
- Right in the center of Old Town
- Panoramic views of the House of the Blackheads, St. Peter’s Church, the Daugava River, and Old Riga
For more information, please contact us by phone or email.
Tenants
- Agreement
- n/a
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
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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