Apartment for sale, Palasta street 9, Centrs / 273000€

Property description

Exclusive Duplex Apartment in the House of Peter the Great – Palasta Street 9, Old Town Riga

An exceptional opportunity to acquire a prestigious duplex apartment located in the very heart of Riga’s Old Town, within the historic House of Peter the Great, part of the Peter I Palace complex. The building is a state-protected cultural monument and ranks among the most distinguished addresses in the city.

The property holds outstanding historical significance: from 1672 to 1725 the residence was home to Tsar Peter the Great, lending the apartment a rare sense of legacy, status, and timeless value.

Building & Infrastructure
+ The building underwent a comprehensive restoration in 2006, carefully preserving its historical character while integrating modern engineering solutions.
+ All major systems were fully replaced, including water supply and sewage (hot and cold water), electrical wiring, and a modern exhaust ventilation system.
+ High-quality wooden double-glazed windows and contemporary radiators with thermostats were installed.
+ New metal sheet roofing.
+ A representative entrance hall with concierge service, ensuring comfort and security.
+ Autonomous heating system with a gas boiler located in the building’s basement, offering efficiency and cost control.

Apartment Layout
The apartment is intelligently arranged over two levels, creating the ambiance of a private residence within a historic urban setting.
+ First level: an impressive 50 m² entrance hall, ideal for entertaining and representative purposes; kitchen — 7 m².
+ Second level: corridor, elegant, combined bathroom (7 m²), a multifunctional room suitable for a sauna or utility space (5 m²), and two bedrooms measuring 16 m² and 17 m² respectively.

Investment Value
A professional valuation has been completed, placing the property’s value at EUR 283,000 upon completion of renovations, corresponding to approximately EUR 2,830 per m².
This residence represents a rare combination of historical heritage, architectural prestige, and long-term investment security, making it an ideal choice for discerning buyers seeking exclusivity in one of Europe’s most charming Old Towns.

• Finishing: high quality renovation and finishing, tile flooring, parquet flooring
• Equipment: built-in kitchen, partially equipped/furnished, plumbing installed, bath, shower
• Layout: rooms both isolated and connected, bathroom and wc separate, premises both isolated and connected
• Building description: wooden double glazed windows, intercom, facade building, cultural monument, renovated building
• Location: river nearby, shops and cafes nearby, convenient public transport
• Parking lot: paid (Rīgas Satiksme) parking on the street
• Communications: gas heating with individual meter, autonomous boiler, optic internet available, city water supply, city sewage
• Security: metal doors, security in person, closed staircase, video surveillance

Object on the map