Property for the developing of small apartments

For sale the property for development at the intersection of Ogres, Zilupes and Indrupes streets, 2 minutes drive from Krasta street.
The property consists of a plot of land with an area of 3745 m2 and a 4-storey building located on it, which requires a light reconstruction of the facade, internal reconstruction of the premises, installation of an elevator and liquidation of one staircase.
The current status of the building is a service hotel with a total area of 2016.1 m2 and a useful area of 1907.2 m2. Two types of possible planning variants for the construction of compact apartments have been developed for the building.
In addition, there is a building owned by another owner on the plot, which can be purchased for an additional fee.

The property is suitable for the construction of small apartments for sale or for rent, or for the establishment of a service hotel.