Gertrude Street 70

Investment opportunity: A noteworthy property in the centre of Riga with active cash flow

• Land area: 940 m² (Cadastral number: 0100 031 0071)

• Building area: 6-storey house with a total area of 3,484.9 m² (Building cadastral number: 0100 031 007 1001)

Property description:

• Renovated in 2014

• Ventilation system installed

• Heating system

• Air conditioning units

• Updated water supply and sewage systems

• Fire safety and security systems

The property has been adapted to meet hotel sanitary and fire safety requirements. The building, renovated in 2014, previously operated as a three-star superior Rixwell hotel, and is now functioning as a short-term rental property.

Property characteristics:

• Floors: 6 above-ground floors and 1 basement floor

• Layout: Main entrance, courtyard access, breakfast room with kitchen, buffet area, shared sanitary facilities, technical rooms and storage. The first floor contains the reception, bar, lounge/living area, information and business area

• Rooms: 79 well-equipped rooms with bathrooms, without kitchens

• Parking: Available spaces in the courtyard

Technical condition:

The building is in excellent technical condition – both the living spaces and technical areas are well maintained.

Location:

The property is located in the central part of Riga – in the Avotu neighbourhood, which is currently one of the city centre's development areas and offers a well-developed infrastructure. Surrounding buildings are historical multi-storey residential buildings from the late 19th and early 20th centuries. The property is situated on Gertrudes Street, between A. Čaka and Avotu Streets, providing easy access and excellent visibility.

Investment advantages:

• Outstanding location in the centre of Riga with excellent accessibility

• Modern 6-storey building with all amenities

• Stable and profitable property with strong infrastructure support

• Excellent technical condition – no significant investments needed in the near future

This property offers a unique opportunity to invest in the rapidly developing areas of Riga without wasting time on the construction process.