A Historic Apartment with Development Potential

For sale is a spacious, architecturally distinctive apartment in the centre of Riga, situated in an exceptional Art Nouveau building constructed in 1901 according to the design of architect Alfrēds Ašenkampfs.

Located on the third floor, the apartment has preserved authentic interior features that reflect the architectural grandeur of early 20th-century Riga, including high ceilings adorned with decorative mouldings, magnificent tiled stoves, and original wooden parquet flooring with a unique pattern. These details give the property a distinctive character and provide an excellent foundation for a carefully considered, high-quality restoration.

One of the property’s key advantages is its versatility and wide range of potential uses. The apartment has two independent entrances, accessible from Blaumaņa Street and Pērses Street. The process of dividing the property into two separate apartments has already been initiated, offering opportunities for both private residential use and investment purposes. The layout is also suitable for creating a prestigious office space.

Property highlights:

* Authentic Art Nouveau interior features and historic parquet flooring.
* High ceilings with decorative mouldings.
* Original, ornate tiled stoves.
* Two independent entrances.
* Apartment subdivision process already initiated.
* Independent gas heating.
* Low property management costs.
* Building managed by a homeowners’ association.
* Renovated communal staircase.

The apartment requires complete renovation, providing the new owner with an opportunity to create a personalised living or working environment that harmoniously combines historic architectural features with modern comfort.

A redevelopment project has been prepared to divide the apartment into two separate apartments.

The location combines the architectural charm of central Riga with the advantages of vibrant city living. Restaurants, cafés, shops, cultural and entertainment venues, as well as convenient public transport connections, are all within walking distance.

A property with history, character, and potential, offering a unique opportunity to preserve Riga’s architectural heritage while giving it a new life.