Commercial premises for sale at Blaumaņa Street 11/13 – a visible location in Riga city centre.
Commercial premises are offered for sale on the ground floor of a representative façade building at Blaumaņa Street 11/13. The property is located in an active pedestrian and traffic area, ensuring excellent visibility and convenient access.
The total area of the premises is 157.2 m², of which 119 m² are located on the ground floor and 38.2 m² in the basement. Four large display windows face Blaumaņa Street, providing excellent advertising opportunities, natural light and strong street visibility.
The property is also attractive as an investment. The premises are currently leased for EUR 1,064 + VAT per month, providing an approximate 5% annual yield. The tenant has successfully operated in the premises for more than 20 years, confirming the quality of the location and ensuring stable, long-term rental income for the new owner.
This is an excellent opportunity both for an investor seeking immediate cash flow and for a company planning to use the premises for its own business needs in the future.
In 1901, the architect Aleksandrs Smelings partially included the volume of the four-story brick building (1881, architect L.H. Geigenmuller) in the construction volume of the eclectic composition and decoration of the rental house at Blaumana Street 11/13, preserving the division of its facade, the facade decoration was supplemented with individual art nouveau sculptures and ornamental details. The four strongly projecting cornice supports are decorated with sculptural reliefs symbolizing sculpture, painting, industry and architecture.
The beautiful and lofty building will soon regain its original glory, the facade is planned to be renovated in 2023, the water and sewer risers will be replaced.
The beautiful and noble house has regained its original glory; in 2024, the building underwent a facade renovation and the water and sewer risers were replaced.
Blaumaņa street is one of the liveliest and most convenient streets in the center of Riga, where there are countless cafes, salons, various shops, a shopping center, offices, medical institutions, fitness halls, etc. All Riga theaters, the opera, several parks, the Central railway station, the parking lot are only a 10-15 minute walk from the house at 11/13 Blaumaņa Street. An apartment for sale with two separate entrances in a courtyard house at 11/13 Blaumaņa Street.
