Property description
- Latvia, Jurmala and region, Majori
- Jomas
The property consists of a land plot of 5472 sq.m., on which the following buildings are located:
- the hotel itself - 1838 sq. m.;
- administrative building - 366.6 sq. m.;
- cafe/shop - 54.4 sq. m.;
- administrative building - 120.1 sq. m.;
- commercial building - 225.7 sq. m.
The main building of the hotel was built between 1923 and 1925, architect Arthurs Medlingers. The hotel is a national cultural monument. It is possible to reconstruct the hotel and other buildings, as well as further development of the object - the construction of additional modern extensions.
At the moment, there is no economic activity in the buildings.
Location on Map
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.