№ 2,345,114
Shop 2482 m² in Central District, Latvia
4,500,000 €
1,813 € /m²
  • Total area 2,482 m²
  • Yield
  • Lease term
  • Constructed  1912
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Aliya Istaeva
Investment consultant in Central District
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    Key project parameters

    Total area
    2,482 m²
    Floors
    5
    Constructed 
    1912

    Project description

    Commercial building for sale in the center of Riga

    Can be used for a wide range of activities. The building is located on the central street of business Riga, with a high concentration of pedestrian and traffic flows. Opposite is the largest hotel in Riga ”Radisson Blu Latvija“. Well-established infrastructure, historical and financial value of the quarter allows to call it a ”business card“ of the city.

    The building was designed by the famous architect Eugenius Laube and was built in 1912 for the needs of the credit society of traders and workers. In addition, the building housed a telegraph and telephone museum. The upper part of the building's facade is decorated with dark plaster, the lower part with polished labradorite. The main staircase is made of oak panels. The combination of modernity and Art Nouveau architecture made the building a unique work of urban planning. The building is a landmark of the Latvian capital.

    Currently, the first floor premises are used as retail space, while the remaining floors are used as offices. However, there is a development of the architectural concept of using the first floor and part of the basement as commercial space. Taking into account the availability of necessary communications, the upper levels of the building can be redeveloped and used as hotel premises.

    Extra information

  • Car parks

    Car parks

  • Tenants

    Agreement
    n/a
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    exit period
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    How we help investors

    Analysing the needs

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    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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