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Mercury Group
We offer for sale the project of the apartment building
- Latvia, Riga, Old town
- Noliktavas
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Property description
ID: LV-27715
- Latvia, Riga, Old town
- Noliktavas
Object type
Hotel
House type
Renovated house
Land area
1286 m2
Area
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
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, Old town
- Noliktavas
Object type
Hotel
House type
Renovated house
Land area
1286 m2
Area
5179 m2
Category
For sale
Price
upon request
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 rental period you check out, own your property, and:
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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.
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