Commercial property 7 120 m² in Riga, Latvia
Location
Property characteristics
Building parameters
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Number of floors2
Property parameters
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Floor1 -
Total area7 120 m²
Description
This is one of the largest multifunctional facilities, offering various opportunities for recreation and entertainment for every taste. This big name has long been associated with expensive restaurants and a high-quality range of services in the field of leisure and entertainment. The most profitable place for the restaurant business misrepresent: high footfall and intense traffic, rich nightlife, rich history and long-standing reputation ensure the high popularity of this property. The building was built in 1836, completed in 1999 and reconstructed in 2013. It is not an architectural monument, which implies the necessary approvals of the UNSECO zone for renovation and changes to the facade protection of special design elements.
Vernissage consists of 5 sections:
the existing Whitehouse restaurant is one of the best restaurants in Riga (occupied area 1236 m2: 1st floor - kitchen, restaurant, second floor - banquet hall, terrace);
Premises for a night club on the ground floor (631 m2), on the second floor - a cigar club (managed by the owner)) and renovated premises for a restaurant;
Restaurant (ground floor - 833 m2) plus owner-occupied offices on the second floor;
Cafe and glass terrace on the ground floor
-1st and 1st floors - night club (area 2021 m2)
The investment program has been implemented to date over the past 4 years, major repairs and landscaping have been completed; The water supply, sewerage and heating systems were improved and reconstructed, the façade details and waterproofing of the building were repaired to prevent the accumulation of moisture in the basement, and the roof was repaired.
The most ambitious project for the construction of an upscale restaurant hall with an exclusive cigar room equipped with a modern humidor with air conditioning was successfully carried out. Exclusive lighting, sound and high-end kitchen equipment have been installed, making this property fully equipped for rental.
The Glass Terrace has been completely redone - the entire structure has been completely replaced and improved.
Land :- 4,689 m2 (building area 3,663 m2) owned
- 3,467 m2 leased from the Department of Housing and Environment of the City of Riga.
Vernissage - this is an exclusive property with a working business, a possible return of 7% and enormous development potential!
