Investment property, Peldu street, Vecrīga / 700000€

Property description

Investment Property in Riga Old Town

The ground floor has 2 commercial premises (Late Night Munchies restaurant and an Asian cuisine restaurant, recently fully renovated). The upper floors contain small offices as well as 3 apartments.
There are currently 4–5 tenants in the building. Approximately 5 premises are currently vacant.

The property has a spacious, vacant basement, as well as the potential to develop an attic floor.

The property is located in a Mixed Centre Development Zone (JC7).
The building has not been renovated for many years, and some of the premises are currently unused.
Built in 1890.
Ceiling heights:
- Ground floor – 3.7 m
- 2nd and 3rd floors – 3.3 m
- 4th floor – 2.1–2.4 m
Masonry walls, wooden floor structures and roof rafters.
The building previously had central heating, but currently heating is provided by electric radiators.

Best potential use: hotel, hostel or conversion into apartments.

• Finishing: Condition - partially renovated
• Building description: entrance from the facade side, wide windows, facade building, cultural monument
• Location: river nearby, shops and cafes nearby, schools and kindergartens nearby, convenient public transport, intensive pedestrian traffic
• Parking lot: paid (Rīgas Satiksme) parking on the street, paid parking in vicinity
• Communications: electrical heating, city water supply, city sewage
• Security: closed staircase

Object on the map