Property building for sale, Kalēju street, Vecrīga / 1107800€

Property description

Charm, Elegance and Prestige – your new property on Kalēju Street, in the very heart of Old Riga!

This six-storey building, with a total area of 268.2 m², impresses at every step – each floor is a true work of art.

The interior features custom-built solid wood furniture, preserved historical details, handcrafted stained-glass window panes, antique English parquet flooring, top-quality materials, and even an art gallery.

At the heart of the refined staircase lies a built-in elevator, ensuring both convenience and character.

Originally constructed in 1677, the building was transformed in 1904 based on a design by renowned architect Alexander Schmeling.
In 2013, the property underwent high-quality restoration and reconstruction works. Today, both the structural elements and interior finishes are in excellent technical condition.

Previously home to the “Cigar Club,” the building is equipped with a powerful, purpose-built smoke extraction system to meet the club’s operational needs.

The property is being sold as a complete asset package, including everything visible in the photographs.

Final sale price determination: Price survey (competitive bidding).
Application deadline: June 13, 2025.

The minimum price under which the asset package will not be sold is EUR 1,107,800, including:

Real estate - EUR 1,060,000, Furniture - EUR 20,550, Artworks - EUR 17,000, Interior items & miscellaneous assets - EUR 8,600, Books - EUR 1,650.

The right to acquire the asset package will go to the bidder offering the highest price, provided it exceeds EUR 1,107,800.

Please note: While the real estate portion is VAT-exempt, the price of the movable assets is subject to VAT.

Feel free to call for more detailed information!

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