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50 bedroom hotel for sale

Latvia - Riga (City District), Riga

€2,900,000

like this property?

Call: 03339 390434

Commercial information:

  • Business for sale
  • 21,527 sq ft (2,000 sq m)

Key features:

  • Internet
  • TV
  • Restaurant
  • Sauna
  • Video surveilance
  • Parking

Full description:

The ability to buy the active hotel in Riga center. Build in 2006. Good investment.

Infrastructure

The hotel is located in a quiet, green area of Riga, in 15-30 minutes from the city, close to historic center of Riga, near many entertainment facilities. Only 30 minutes walk to Old Riga, Central Railway Station and Bus Station. Only 15 minutes walk to the biggest shopping center in Riga. Only 30 minutes walk to the new multi-functional hall”Arēna Rīga”, which regularly hosts major international events. Only 10 minutes of walking is a modern swimming pool. Convenient public transportation.

Description of building
Baltpark Hotel is rather new (opened in 2007) but it has already gained a good reputation. Currently, this hotel comprises of 50 comfortable rooms. This is probably one of the most popular three-star hotels in the capital of Latvia. The principles of the practicality, new technologies and style were considered at creation of interior design of each room, irrespective of category, to satisfy requirements of wide target audience: people coming to Riga for recreation and sightseeing, business, families or alone.
Total building area is 2000 sqm. (the hotel was built in 2007). This well-planned hotel is 6 storey high + a spacious roof terrace.

The rooms are comfortable and elegantly furnished in a modern style, but combines classic values, upholstered furniture, special, not tiring sight lighting, original decorations. The decor of the rooms is in a calm relaxing colour palette (colour: beige, pink, biscuit, cream – colour tones). There are all the necessary conveniences for a relaxing stay and create an atmosphere of home comfort. The conveniences include TV with satellite channels, telephone, Minibar, heating, worktable; some rooms have air conditioning. Free Internet access (Wi-Fi) always allows being in touch. The bathroom is equipped with a bathtub or a shower, completed with hairdryer.

Main features:

– The average room price: 40 Euros/per night;
– The average occupancy rate – 70%;
– ROI 8%.

The total building area of 2000 sq.m, the land area of 890 sq.m.

Additional information on request

This pin shows the general area of the property as the exact location was not given

Nearest Airports*

  • Riga (International), 6.8 miles

*Distances are straight line measurements. This feature is currently in beta.

To view this property or request more details, contact
SMARTHOUSE LLC, LV

Rīga, Kartupeļu iela 47-66, LV-1058
03339 390434  Local call rate
About SMARTHOUSE LLC, LV

Company BaltEstate.eu provides professional real estate services in Latvia and Russia.

We offer our clients the following services:
– Assistance in real estate purchasing;
– Rent services of houses and apartments;
– Property management;
– Legal support and consultations during the process of the deal;
– Advice on obtaining a residence permit in Latvia;
– Consultancy for getting mortgage;
- No commission for the client;
- Full legal support;
- Organization of study tours for the potential customer;
- Possibility of organizing a study tour on the under construction objects.

The company Baltestate.eu has a complete database of all real estate objects in Latvia and Russia.
We are trying to make a buying, selling or renting process simple for you. With our online forms you can easily send us a request for individual property selection – for selling, buying or renting a real estate in Latvia.
Our company experts speaks English, Russian and Latvian languages. It means that we can easilly communicate with costumers and partners from different countries.

Property management services:
If a client does not plan to live in the bought property - our company offers
the following services for the property:
-Search tenants
-Control of tenants (regularly check the status of the real estate)
-Organization of cleaning, if necessary - repairs
-Interior solutions: colors, selection of furniture, appliances, and so on.
-And other necessary services.

Info about Latvian real estate market.
Latvia is the only country in Baltic states that offer residence permit for foreign real estate investors (for property that the market value of the facility is not less than EUR 250 000) This opportunity is quite popular to investors from non European union countries, specially from Russia and CIS countries . It means that if Latvian real estate owners in future decide to sell property, there will be more advantages and higher demand comparing to real estate from other Baltic countries.
Latvia have excellent transport communication between the countries of Europe, Russia and CIS. You can easily go with a plane from Riga to Moscow or London less than in 2 hours
Temperate climate.

Information about Russian real estate market.
Real estate market in Russia is rich in various options. We shall facilitate to remove all your doubts concerning buying or renting some property in Russian capital. Firstly, we should mention that the newly-erected buildings is really blooming.
Real estate in Russia abounds as well in sector of secondary properties: in restored pre-revolutionary, Stalin period and ministerial premises, including well-known skyscrapers which are acknowledged masterpieces amazing by their Empire style grandeur. Russian accomodation is of interest not only in renting but surely in buying and letting, as being a landlord you’ll be provided with a stable income source.
Our housing offers plenty of interesting options in the village settlements and in the suburbs: modern cottages with all conveniences, townhouses, cottages with spacious lots for barbeque, gardening and so on.
Our agency mostly has dealings with all types of transactions with luxury real estate in Moscow



Disclaimer

This is a property advertisement provided and maintained by SMARTHOUSE LLC, LV (reference 1811) and does not constitute property particulars. Whilst we require advertisers to act with best practice and provide accurate information, we can only publish advertisements in good faith and have not verified any claims or statements or inspected any of the properties, locations or opportunities promoted. Rightmove does not own or control and is not responsible for the properties, opportunities, website content, products or services provided or promoted by third parties and makes no warranties or representations as to the accuracy, completeness, legality, performance or suitability of any of the foregoing. We therefore accept no liability arising from any reliance made by any reader or person to whom this information is made available to. You must perform your own research and seek independent professional advice before making any decision to purchase or invest in overseas property.

This property is marketed by:

SMARTHOUSE LLC, LV

Rīga, Kartupeļu iela 47-66, LV-1058
or call 03339 390434
Calling from outside the UK? 0037122058053

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