The project for a residential building in the embassy area

About object

Description of terrain

We offer to purchase an exclusive property which is situated in the city centre of Riga. The property is located in the prestigious embassy district of Rīga called “silent centre”, near Old Rīga, the dock for passenger ships and the Rīga Yacht Club. Most of Rīga’s major entertainment, social and cultural institutions are a short walk from the property.

Multi-storey residential house project in the Centre of Riga City in Dzirnavu 11. 
Luxury location, for high class  residential building. 

Land area 961 m2, Most of demolishion works are done as well as  all preparation works are
finished  (geology, topography etc.);

Currently all construction works are on hold and several project solutions are available. Property has valid construction permit and technical project. 

Total area of planned buildings planned 2 992 m2, sellable area: 2 197 m2. 
according to current plans number of storeys of 2 buildings are  4 and 6 storey,  number of apartments: 17. 
Realization time:  approximatelly 2 years

The potential price for apartments, considering the current market situation and the possible

exclusivity of the development project, is predicted to be around 3’500-3’800 EUR/ m2.

– Sales of parkings: 40 000 EUR/parking

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