A unique investment object for sale - Vernissage

We offer for sale an exclusive building - entertainment center in the center of Riga called Opening day.

It is one of the largest multifunctional facilities offering various opportunities for recreation and entertainment for every taste. This big name has long been associated with expensive restaurants and a high-quality range of services in the leisure and entertainment industry. It is difficult to imagine the most profitable place for the restaurant business: a large passability of people and heavy traffic, a rich nightlife, a rich history and a long-term reputation ensure the high popularity of this facility. The building was built in 1836, completed in 1999 and renovated in 2013. It is not an architectural monument, which implies the necessary coordination of the UNSECO zone for renovation and facade changes and the preservation of special design elements.

The opening day consists of 5 sections:

the current Whitehouse restaurant is one of the best restaurants in Riga (occupied area of 1236 m2: 1st floor - kitchen, restaurant, second floor - banquet hall terrace);

Premises for a nightclub on on the ground floor (631 m2), on the second floor there is a cigar club (managed by the owner)) and renovated premises for a restaurant;

Restaurant (ground floor - 833 m2) plus offices on the second floor occupied by the owner;

Cafe and glass terrace on the ground floor

-1 and 1 floors - night club (area 2021 m2)

The investment program was It has been implemented so far over the past 4 years, major repairs and landscaping have been completed; water supply, sewerage and heating systems have been improved and reconstructed, facade parts and waterproofing of the building have been repaired to prevent moisture accumulation in the basement, and the roof has been repaired.

The most ambitious project for the construction of an upscale restaurant hall with an exclusive cigar room equipped with a modern humidor with air conditioning system was successfully carried out. Exclusive lighting, sound and high-end kitchen equipment have been installed, making this room fully equipped for rental.

The glass Terrace has been completely redone - the entire structure has been completely replaced and improved.a.

The ground:

• 4,689 m2 (building area 3,663 m2) owned
• 3,467 m2 leased from the Department of Housing and Environment of the City of Riga.

Vernissage is an exclusive facility with a working business, a possible yield of 7% and a huge development potential!