For sale are two buildings located in the very Centre of the Old Town on Kalku Street.
10 Kalku Street has 5 high-end and 1 penthouse apartment, while 11 Kalku Street has 8 high-end apartments. On the ground floor of both buildings there are long-term landlords operating a restaurant/bar. Both buildings were renovated in 2012.
10 Kalku Street
Total area 751,4m2
Leasable area 675,5m2
Commercial space 239m2
Apartments (number / m2) 6 / 436,5m2
- The ground floor (area 239 sqm) is leased to Riga Black Balsam Cafe
List of apartments:
- Melbourne (51,8 m2) - 1 bedroom, 1 bathroom;
- Vancouver (46.9 m2) - 1 bedroom, 1 bathroom;
- Amsterdam (30 m2) - 1 bedroom, 1 bathroom;
- Stockholm (53,7 m2) - 1 bedroom, 1 bathroom;
- São Paulo (84 m2) - 1 bedroom, 2 bathrooms;
- Penthouse (170 m2) - 3 bedrooms, 2 bathrooms.
11 Kalku Street
Total area 1068,2m2
Leasable area 843,1m2
Commercial space 307,6m2
Apartments (number of m2) 8 / 535,5m2
- The ground floor (area 307,6 m2) is leased to the restaurant "Beer House"
List of apartments:
- Blue (57 m2) - 1 bedroom, 1 bathroom;
- Yellow (61 m2) - 1 bedroom, 1 bathroom;
- Mint (59 m2) - 1 bedroom, 1 bathroom;
- Pink (76 m2) - 1 bedroom, 1 bathroom;
- Green (75 m2) - 2 bedrooms, 1 bathroom;
- White (62 m2) - 1 bedroom, 2 bathrooms;
- Red (75 m2) - 2 bedrooms, 2 bathrooms;
- Purple (59 m2) - 1 bedroom, 1 bathroom;
Current business model:
- Recognized brand St. Roland
- More than 1000 testimonials with many repeat customers.
Long-term contracts with tenants in the catering sector in both buildings.
Residential (short stays via aggregators). Airbnb; Booking; Reservations.
Possible alternative uses:
- Sale of individual apartments;
- Commercial space;
- St. Roland franchise expansion.
The properties are a 15-minute drive from Riga International Airport and a 10-minute walk from Central Railway Station. Several restaurants, cafes, shops. Kalķu Street is one of the main streets of the Old Town, running through the whole Old Riga, starting from the Freedom Monument and ending at the 11th November Embankment.
