Property search
Mercury Group

Commercial property in the center of Riga with 7 % ROI...

  • Latvia, Riga, Centre
  • Merkela

Not all offers from our rich portfolio are uploaded to the web-site.


If you have not found properties according to your request - send us a request - we will pick up and show you the options from the off market database as well.

Property description

ID: LV-778
  • Latvia, Riga, Centre
  • Merkela
Object type
Commerce
House type
Historical building
Market
Resale
Land area
84180 m2
Area
108.50 m2
Category
For sale
Price per m2
€ 4 286
Price
€ 465 000
Currency calculator
From
To

For sale is offered property  with perfect location - just 200 m to Old Town, 150 m to Central station, 8 km to Riga Airport.
Central location and good transport connections allows to create modern high class hotel or hostel, but property might be also used as office or residential building.

Household was build in 1880, based on first Latvian architect with academic grade- Fridrih Baumanis project.
Historical facade of the building remains unchanged till nowadays.
In 2006 building has gained status of Historical heritage of Riga.

 The facade of the building is being renovated currently to be finished by this November. The property is offered as a cash-flow property with annual yield of 7.0%. A long-term lease for 8 years has been signed for the premises. The lease begins in December 2018. Above the lease charge, the tenant will pay for public utilities, property management, real estate tax, and insurance.



Location:

Downtown area

Basic parameters:

Floor: 1
Basement
Parking

View characteristics:

City view

Leisure and Infrastructure in 2km:

Spa / beauty salon
Fitness
Supermarket
Restaurants / cafes
Playground
Medical facilities

Finance and management:

Mortgages available
Rental service
Management company

Residence permit could be obtained through the property purchase. Leave your request in order to get more information about Residence Permit.

  • Latvia, Riga, Centre
  • Merkela
Object type
Commerce
House type
Historical building
Market
Resale
Land area
84180 m2
Area
108.50 m2
Category
For sale
Price per m2
€ 4 286
Price
€ 465 000
Currency calculator
From
To
Ask full information about the property

By sending a message, you thereby accept the user agreement and confirm that you have read and agree to the privacy policy of this website.

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.
€ 0
€ 0
€ 0
€ 0
€ 0
€ 0
0 €
Rent Monthly Cost
0 €
Buy Monthly Cost
€ 0
€ 0
€ 0
€ 0
€ 0
€ 0
0 €
Rent Total Cost*
0 €
Buy Total Cost**
* 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 %):
0 €
Total property cost:
0 €
Social networks

Subscribe

In order not to miss exclusive offers and up-to-date information in the field of realestate, relocation and investments.

Would like to receive the best website experience? Agree to our Cookie policy.