Property description
- Latvia, Riga, Old town
- Peldu (Old Town)
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The 5-story building located in the most prestigious area of the city - the Old Town is offered for sale! In this part of the city every building is unique, and the district - is the main sightseeing place of Riga! The property in this area is always in high demand among investors. A lot of recreational, cultural monuments, hotels and restaurants are focused here, as well, this is the main tourist centre of the city with an intense flow of people. The building is in good condition and can be reconstructed into a hotel. A spacious parking space is situated nearby.
The building is located close to Daugava river, in the Old Town, near to business center and Riga’s pride-beautiful, green parks.
Magnificent place in the very centre of Riga, in historical area of Old Town. Neighborhood abounds the historical heart of Riga with access to many interesting historic sights, stores, galleries, restaurants, bars, night clubs and souvenir shops.
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What you should know, purchasing a property in Latvia
** After rental period you check out, own your property, and:
1. give it for rent and get the loan covered keeping real estate till the highest market to resell, or
2. resell and get the invested money + capitalization profit
In both cases, your rental costs when purchasing real estate are reduced by an average of three times.
