Hotel 5 179 m² in Riga, Latvia

We offer for sale a building for reconstruction in the center of Riga - on the border of the Old Town and the Embassies District. One of the most convenient locations is just 1 minute to the Old Town, fast transport links to the airport, parks, cafes, restaurants, offices of numerous companies and banks.



The building is a monument of the Yugend style (built in 1906 by the famous architect Konstantīns Pēkšēns), and is also angular and has two facades. Partial views from the windows open to the promenade and Daugava, the Old Town and the Park.



For this building, a project for 137 compact apartments has been developed, which can be successfully leased and / or eventually sold as a profitable business.



- House status - residential building, 2nd category.

- Construction period - 1.8 months

- Estimates of construction 5-5.5 ml EUR. The estimate includes: complete finishing of common areas, black finishing of apartments, without changing windows.

- The project includes several additional premises for residents on the -1 floor of the building - common living rooms, a recreation area, etc.



The project can be purchased at any stage of implementation, but taking into account the current investments of the seller in the renovation of the building.

If desired, the building can also be used as a hotel (4+), a project for 129 rooms with a large spa and swimming pool has been developed.