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Mercury Group
Commercial premises with stable rental income for sale
- Latvia, Riga, Centre
- Valdemara (Centre)
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Property description
ID: LV-18525
- Latvia, Riga, Centre
- Valdemara (Centre)
Object type
Hotel
House type
Renovated house
Market
Resale
Reconstruction date
2014
Land area
150 m2
Area
210 m2
Category
For sale
Price per m2
€ 2 333
Price
€ 490 000
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For sale is offered totally renovated in Y2014 building : heat insulation, replaced plumbing, changed and reinforced roof with a terrace.
Currently building is used as a coworking and brings stable income. Before it was used as a Hostel;
First floor layout: walk-through reception room, 2 auxiliary premises, ample room with beds, sanitary premises;
Second floor: 20 beds room, two beds room, auxiliary premises, sanitary premises;
Roof terrace with total area 40m2;
Geothermal heat pump (installed in 2014), city sewerage;
8 parking spaces at courtyard;
Building is located at city centre, 5 minutes walking distance to Old Riga, close by are several public transport stops;
Currently building is used as a coworking and brings stable income. Before it was used as a Hostel;
First floor layout: walk-through reception room, 2 auxiliary premises, ample room with beds, sanitary premises;
Second floor: 20 beds room, two beds room, auxiliary premises, sanitary premises;
Roof terrace with total area 40m2;
Geothermal heat pump (installed in 2014), city sewerage;
8 parking spaces at courtyard;
Building is located at city centre, 5 minutes walking distance to Old Riga, close by are several public transport stops;
Location:
Downtown area
Basic parameters:
Reconstruction date:
2014
Floor:
2
Balcony
Terrace
Parking
View characteristics:
City view
Leisure and Infrastructure in 2km:
Spa / beauty salon
Fitness
Supermarket
Restaurants / cafes
Playground
Medical facilities
Museum
Park
Finance and management:
Mortgages available
Rental service
Management company
Location on Map
Residence permit could be obtained through the property purchase. Leave your request in order to get more information about Residence Permit.
- Latvia, Riga, Centre
- Valdemara (Centre)
Object type
Hotel
House type
Renovated house
Market
Resale
Reconstruction date
2014
Land area
150 m2
Area
210 m2
Category
For sale
Price per m2
€ 2 333
Price
€ 490 000
Currency calculator
From
To
Ask full information about the property
What you should know, purchasing a property in Latvia
Buy vs Rent Calculator
To help you decide whether it's better to rent or buy a home, this calculator compares the costs associated with buying a property to your equivalent rental costs. This calculator will also help to investors to preliminary calculate the
return on investment and capitalization from sale of real estate.
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* After 1 year you check out and loose 0 EUR
** After rental period you check out, own your property, and:
1. give it for rent and get the loan covered keeping real estate till the highest market to resell, or
2. resell and get the invested money + capitalization profit
In both cases, your rental costs when purchasing real estate are reduced by an average of three times.
Loan left (without loan %):
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Total property cost:
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