Revenue house 664 m² in Riga, Latvia

House for sale in the heart of Old Riga, on Peldu street.



The building was built in 1890 and was used as an apartment house. Currently there are several offices and apartments, some of them renovated. On the first floor there are two commercial premises in which there is a cafe. There are also basements. Which are suitable for the halls of the restaurant or for storage.



The building has brick walls, wooden stairs and tin roof. Urban water supply and sewerage were carried out. Heating is only electric. It is possible to design and connect gas heating, rad are the communications necessary for connection.

Near the house is a boutique hotel, restaurants and cafes. After renovation, the building can be used as a private apartment for a single family or for commercial purposes as a boutique hotel, apartments for rent, small offices, club, restaurant, cafe.



The building was partially renovated, but now requires major repairs, so the sale price is low, only 1054 euros per m2. At the same time, apartments in new or denoted houses in the area of the old pride are sold for 2500-3500 euros2. Due to its excellent location and low price, the building is an interesting object for investment and further development.