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Auction announced for rental of premises at Kalēju Street 9/11, in Old Riga

LLC “Rīgas nami” announces an auction for rental of premises at Kalēju Street 9/11 – in one of the oldest quarters of Riga, which is historically called Konventa sēta.

Old Riga is the favourite place of tourists for attractions and residence in Latvia – the flow of foreign tourists is unceasing throughout the year. This is an excellent opportunity for developing in the hotel business by opening a hotel in one of the most popular and attractive quarters of Old Riga – in the complex of buildings, which has a status of national significance architecture monument.

The property consists of 9 buildings and a basement below the yard with the total area of 8,497 m2, participants of the auction have to ensure the defined function of the object – arrangement, maintenance and management of a hotel, however, the renter will be entitled to use the buildings also for other functions, related to ensuring of operation of the hotel – arrangement of restaurants, bars, cafes, as well as retail sales of souvenirs and art products.

The interested persons who participate in the property auction shall ensure compliance with special requirements, related to the specification for hotel operation – the hotel category shall comply with at least 3-star status, the number of rooms shall be at least 140, and the hotel shall observe the classification regulations of the “Hotelstars Union” of 1 January 2015.

In order to maintain the property in a good technical condition and develop it, according to the technical inspection conclusion the next renter of the property shall be obliged to invest in the property not less than EUR 2,900,000. The list of repair works to be performed at the object, after taking over the rental rights of the premises, is available for each interested person on the homepage of LLC “Rīgas nami” under the announced procurement. The term for implementing these investments, including preparation of the technical design, is set on 31 December 2020.

The starting amount of rental fee at the auction – EUR 6.00 per 1 m2 of the total area of the buildings per month, the maximum rental term – 25 years, the auction date – 5 October 2016.

In order to participate at the auction, the candidates are invited to submit their applications until 4 October at the main office of LLC “Rīgas nami”, address: Smilšu Street 14, Riga.

All interested persons are invited for on-site inspection of the object upon a prior arrangement with the contact person of LLC “Rīgas nami”. More detailed information about the auction and the object is available on the homepage of LLC “Rīgas nami” – www.rigasnami.lv.



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