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Historical building available for purchase

Riga, LatviaUnlock address

81%

€5.900.000

Residential investment

#15334

Core+

12 Feb 2024

Property Details

Broker

For sale

4,695 m²

Leasable area

62

1,256 €/m²

5.00 %

Freehold

X

Fees

3.00 %

0.00 %

1.50 %

1.00 %

0.50 %

Investment Overview

Total area of the building: 4,695 m2, Land plot area: 2,346 m2; Unique central park view, several balconies and terraces. The property consists of 60 hotel rooms, restaurant, banquet halls. There is a casino in the basement. Property is not leased/encumbered. The building was constructed in 1885, rebuilt in 1930 and renovated in 2006 as a hotel.