Mercury Group
Commercial premises with stable rental income for sale
- Latvia, Riga, Centre
- Valdemara (Centre)
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Property description
- Latvia, Riga, Centre
- Valdemara (Centre)
Currency calculator
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;
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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)
Currency calculator
What you should know, purchasing a property in Latvia
** 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.