Mercury Group
A commercial building for rent in Old Riga...
- Latvia, Riga, Old town
- Peldu (Old Town)
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Property description
- Latvia, Riga, Old town
- Peldu (Old Town)
Currency calculator
History:
The building was built in 1986. Construction materials were delivered from all over the Baltic states according to Riga traditions; roof tiles were delivered from Lithuania, cast iron grates from Livani, section bricks for finishing of windows from Lode, windows - from Finland and decorative marble from Karelia. The building blended perfectly in its surroundings representing a link between the modern Soviet period architecture and preserved historical buildings.
Advantages:
- Location - the center of stay for most tourists (historical places, squares, tourist routes, restaurants and cafes);
- Developed floor planning;
- Opposite a large car park.
The proposal for building future use - a hotel.
The building is not an architectural monument.
Land plot area - 902 sq.m.Office rooms from the 2nd up to 6th floor:
1st floor - 376,60 sq.m. - 6 rooms;
2nd floor - 516,20 sq.m. - 17 rooms;
3rd floor - 514,40 sq.m. - 20 rooms;
4th floor - 440,20 sq.m. - 18 rooms;
5th floor - 339,40 sq.m. - 16 rooms;
6th floor - 137,80 sq.m. - 2 rooms.
Basement floor - 314,80 sq.m. Commercial premises of the basement floor could be use as a restaurant or a coffee shop, (there is an equipped kitchen for the restaurant).
Restaurant premises rental price : 15-20 EUR/sq.m. + VAT + utilities.
All amenities: urban communications, elevator.
Additionally, by using the building on Grecinieku street, the first floor and basement can be fitted with SPA center and floors 2-6 - with 12 luxury suites.
Basic parameters:
Location on Map
- Latvia, Riga, Old town
- Peldu (Old Town)
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.