Commercial premises in the VERNISSAGE complex

A commercial property is offered for sale in the prestigious VERNISSAGE complex at Tērbatas Street 2, in the heart of Riga, next to one of the city’s most beautiful and most visited parks, Vērmanes dārzs. This location ensures high pedestrian traffic throughout the year and excellent visibility for business operations.

The premises previously housed the well-known restaurant “Tokyo City”, a popular dining and entertainment destination in central Riga.

The complex is located in a historic eclectic-style building constructed between 1859 and 1864 based on the design of architect Ludwig Bohnstedt. The building is recognized as a local architectural monument (No. 7675), adding prestige and historical value to the property.

The total area of the property is 887.2 m² and includes 43 functional premises suitable for the development of various hospitality, entertainment, retail, or service concepts. Type of use: entertainment event premises group (1261).

Parking availability may be possible in the building’s courtyard. The prestigious central location and high pedestrian traffic provide excellent potential for successful commercial operations.

The property is suitable both as an investment acquisition and for the development of a successful hospitality, entertainment, or other commercial business concept in one of the most sought-after locations in central Riga. Potential yield ~8% annually.

Additional information available upon request.