ApartmentRiga (Latvia)

Price :

$2,497,800

USD

Euro € EURAmerican Dollar ($ USD)British Pound (£ GBP)

Surface1,068 m²bedrooms10 bathrooms10 land336 m²

For sale a building located in the very Centre of the Old Town on Kalku Street.
11 Kalku Street has 8 high-end apartments. On the ground floor of the building there are long-term tenant operating a restaurant/bar. Building was renovated in 2012.
The house at 11 Kalķu Street was built in the 18-19th century and reconstructed in 1902 by the famous architect Konstantīns Pēkšēns.
Total area 1068,2m2
Leasable area 843,1m2
Commercial space 307,6m2
Apartments (number of m2) 8 / 535,5m2
- The ground floor (area 307,6 m2) is leased to the restaurant Beer House
List of apartments:
- Blue (57 m2) - 1 bedroom, 1 bathroom;
- Yellow (61 m2) - 1 bedroom, 1 bathroom;
- Mint (59 m2) - 1 bedroom, 1 bathroom;
- Pink (76 m2) - 1 bedroom, 1 bathroom;
- Green (75 m2) - 2 bedrooms, 1 bathroom;
- White (62 m2) - 1 bedroom, 2 bathrooms;
- Red (75 m2) - 2 bedrooms, 2 bathrooms;
- Purple (59 m2) - 1 bedroom, 1 bathroom;
Current business model:
- Recognized brand St. Roland
- More than 1000 testimonials with many repeat customers.
Long-term contracts with tenants in the catering sector in both buildings.
Residential (short stays via aggregators). Airbnb; Booking; Reservations via St. Roland.
Possible alternative uses:
- Sale of individual apartments;
- Commercial space;
- St. Roland franchise expansion.
The property are a 15-minute drive from Riga International Airport and a 10-minute walk from Central Railway Station. Several restaurants, cafes, and shops are in the closest area. Kalķu Street is one of the main streets of the Old Town, running through the whole Old Riga, starting from the Freedom Monument and ending at the 11th Novembra Krastmala.