Investment 4 000 m² in Riga, Latvia

Latvia, Riga
Archive cost €7,00M
Sold or out of date
Updated at: 22/04/2021

Location

Country: Latvia
State: Vidzeme
City: Riga
Address: Brivibas iela

Building parameters

Number of floors: 6

Property parameters

Floor: 6
Total area: 4 000 m²

Description

Excellent location in the centre of Riga! Brivibas street is the main city street with intensive pedestrian flow. Green parks, a lot of cafés, shops, and restaurants are located nearby. The beautiful old Town is just in 10 min. walking distance.

The building was built in 1973 by Soviet architects in modern urban style . The building was constructed of reinforced concrete. The construction expertise which was taken 7 years ago, confirmed that the building is in good technical condition.

There are also 50 parking spaces available in the secure courtyard parking.

Commercial property with retail business is offered for sale! The building situated in the centre of Riga opposite the Radisson Blu hotel Latvia.

- The 6-story building area is 4000 sq.m.
- Land area – 2058 sq.m.
- All premises in the building are equipped with ventilation and air conditioning system.
- There are 2 elevators in the building.
- Secure fenced and gated car yard parking for 50 vehicles.

There is an approved building permission for 4-story office building construction of total area 1693.7 sq.m.

The building includes:

1st floor: 475,09 sq.m. (fully-equipped gambling room with 35 slot machines), a dressing room, gambling room for BINGO equipped for 150 persons, bar, sanitary rooms, utility rooms, a kitchen.

2nd floor: 467,86 sq.m. (banquet and function hall, utility rooms);

from 3rd up to 6th floor: office premises of total area 2146.74 sq.m. which currently are rented out;

ground floor: 433,51 sq.m. (there is currently a nightclub).

All ganbling equipment has been certified according to Latvian law.

Validity of the license for the gaming business is termless - with indefinite renewal every year in the month of November.

Extension fee is approx. 35 571 EUR (or 25, 000 LVL).

Features

  • Elevator
  • Beauty salon
  • Store
  • Restaurant
  • In the big city
  • Children's playground
  • Gym

Location

Latvia, Riga