Property Development Opportunity

Vilandes

The best and most prestigious location in Riga, the capital city of Latvia.A 320 sq.metre Loft area, ideal for conversion into luxury penthouse apartment(s) in the quiet centre of Riga.

The property is located in Vilandes iela, part of the prestigious embassy district of Riga.This expansive 320-square-meter loft offers a remarkable rare opportunity for visionary development. Currently an undeveloped Loft space at the top of a charming historic building, it holds enormous potential to be transformed into a series of stylish, high quality apartments.With its generous square footage, the possibilities are endless - whether you're looking to create a collection of chic, modern residences or a single boutique, multi-level living experience, this space is a blank canvas ready for your imagination.With its prime location, future residents will enjoy easy access to Riga’s vibrant cultural scene, trendy cafes, boutique shops, and historic landmarks. The quiet center can safely be called the calm soul of Riga, which is surrounded by eclectic buildings and at the same time is located just a few steps from the Latvian National Opera and Ballet Theatre, shopping centers, restaurants , entertainment and recreation areas. Nearby are Kronvalda Park, Viesturdarzs, the Daugava embankment and other places where you can go for an evening walk or a morning jog.This is a rare opportunity to capitalize on Riga’s growing demand for stylish city living in an area that continues to flourish. Whether you're a developer looking to create an upscale residential project or an investor seeking a lucrative opportunity, this loft has all the right ingredients for success.

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Property Details

The owner has for sale a 320 sq.metre Loft area, ideal for conversion into luxury penthouse apartment(s), in the quiet centre of Riga.+ The best and most prestigious location in Riga - Vilandes iela
+ Renovated house facade.
+ Facade entrance from Vilandes iela.
+ Land under building is a part of property.
+ Nearby park, restaurants, well-kept and prestigious environment.
+Loft can be sub-divided upon purchase
+Vendor financing availableBuilding description:
A renovated 1899 decorative art nouveau buildingLocation:
Part of the embassy district, park and shops / cafes nearby, schools and kindergartens nearby, convenient public transportServices:
city heating, city water supply, city sewageDon't miss this rare opportunity to buy a great property in a superb location.SALES PRICE:72,000 Euro
Price 225 euro per sq.metre+Vendor financing available on 40% deposit+Vendor open to Joint-Venture development proposals+A further 320 sq.metres can also be made available, subject to negotiation.