Building For Commercial Use For Sale

Business description

City: Riga
Country: Latvia
Currency & Price: EUR 17000000

Object represents the existing building constructed in year 1910 with total area of 13 826.5 sq.m.
It is located within the borders of Riga Historical Centre. The status of an architectural monument implies certain specific rules.
The Object is located on the site comprised of 2 land plots total area of which achieves 3 577 sqm.
According to Riga Development Plan the site territory is
zoned as "territory of centre’s building” and is included in the List of State protected Cultural Monuments.
The primary use of land and property located on it, is intensive mixed building with various functions (business institutions of commercial character: banks, hotels, offices, exhibitions, and conference halls, as well as shopping and service objects), combined with the living function. The share of residential function in the building should be at least 20%.
The free territory is comprised of 2 areas: internal yard with total land area of 640 sq.m and the area adjacent to internal facades of the building with total land area of 515 sq.m. There is the possibility to allocate some parking lots here.

Property information

Real Estate:

Real Property Included