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Property description
ID: LV-27715
- Latvia, Riga, Old town
- Noliktavas
Object type
Hotel
Type
Renovated
Land area
1286 m2
Total sq.meters
5179 m2
Category
For sale
Price
upon request
We offer for sale a building for reconstruction in the historical center of Riga, just 1 minute away from the Old Town, riverside and Embassy area.
Property has great location, as it has fast connection with the airport, parks , restuarants, and main attractions of Riga.
Building has a valid project for the apartments house with 137 apartments for sale or rent.
Project might be implemented in 18 months time and requres around 5 - 5.5 mln EUR ( fully finished common areas, apartments without finishing).
Project includes some co-living premises on the underground floor for the tenant, that creat extra value of the property.
If required, building also might be used as a 4 start Hotel, as building is located n the very center of Riga, 150m from the presidential building, at the entrance to the Old Town, overlooking the river and Central Park.
The Hotel project provides the reconstruction of the building for a Hotel 4+, 129 rooms with a large SPA, including a swimming pool.
Property has great location, as it has fast connection with the airport, parks , restuarants, and main attractions of Riga.
Building has a valid project for the apartments house with 137 apartments for sale or rent.
Project might be implemented in 18 months time and requres around 5 - 5.5 mln EUR ( fully finished common areas, apartments without finishing).
Project includes some co-living premises on the underground floor for the tenant, that creat extra value of the property.
If required, building also might be used as a 4 start Hotel, as building is located n the very center of Riga, 150m from the presidential building, at the entrance to the Old Town, overlooking the river and Central Park.
The Hotel project provides the reconstruction of the building for a Hotel 4+, 129 rooms with a large SPA, including a swimming pool.
Basic parameters:
Number of rooms:
137
Finance and management:
Residence Permit / Golden Visa / Citizenship by Purchase
Location on Map
Residence permit could be obtained through the property purchase. Leave your request in order to get more information about Residence Permit.
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In both cases, your rental costs when purchasing real estate are reduced by an average of three times.
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