PropertyRiga (Latvia)

Price :

$2,085,700

USD

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

Surface751 m²bedrooms8 bathrooms8 land234 m²

For sale building located in the very Centre of the Old Town on Kalku Street.
10 Kalku Street has 5 high-end and 1 penthouse apartment. On the ground floor of the building there is long-term tenant operating as restaurant - cafe. Building was renovated in 2012.
Total area 751,4m2
Leasable area 675,5m2
Commercial space 239m2
Apartments (number / m2) 6 / 436,5m2
- The ground floor (area 239 sqm) is leased to Riga Black Balsam Cafe
List of apartments:
- Melbourne (51,8 m2) - 1 bedroom, 1 bathroom;
- Vancouver (46.9 m2) - 1 bedroom, 1 bathroom;
- Amsterdam (30 m2) - 1 bedroom, 1 bathroom;
- Stockholm (53,7 m2) - 1 bedroom, 1 bathroom;
- São Paulo (84 m2) - 1 bedroom, 2 bathrooms;
- Penthouse (170 m2) - 3 bedrooms, 2 bathrooms.
Current business model:
- Recognized brand St. Roland with more than 5 years of transaction history.
- 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 properties are a 15-minute drive from Riga International Airport and a 10-minute walk from Central Railway Station. Several restaurants, cafes, shops. Kalku 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.