A building with a project for a rental house is offered for sale
Price by request
ID 117844
Uploaded 09.12.2025
Key features
Details
Property description
We offer for sale a building with stable profitability in the center of Riga - on the border of the Old Town and the Embassy District. One of the most convenient locations is just 1 minute to the Old Town, fast transport links to the airport, parks, cafes, restaurants, offices of numerous companies and banks nearby.
The building is a monument of the JUGEND style (built in 1906 by the famous architect Konstantins Pekšens), and is also angular and has two facades. Some of the windows overlook the embankment and the Daugava River, the Old Town and the Park.
A project for 120 compact apartments has been developed for this building, which will be successfully leased for various periods.
This is an example of the first coliwing concept in Latvia, which includes the possibility to rent high-class apartments for different periods, as well as use the infrastructure - coworking, reception, common living rooms, recreation area, etc.
The guaranteed yield is 5%.
The building is a monument of the JUGEND style (built in 1906 by the famous architect Konstantins Pekšens), and is also angular and has two facades. Some of the windows overlook the embankment and the Daugava River, the Old Town and the Park.
A project for 120 compact apartments has been developed for this building, which will be successfully leased for various periods.
This is an example of the first coliwing concept in Latvia, which includes the possibility to rent high-class apartments for different periods, as well as use the infrastructure - coworking, reception, common living rooms, recreation area, etc.
The guaranteed yield is 5%.
Agency: Mercury Group Ltd
