Apartment For Sale, Ģertrūdes street 56, Rīga, Labais krasts, Centrs / 132 500 €

A new opportunity in the center of Riga.

An apartment is available in the new development – Pausa Nams.

The building was constructed in 1910 and is a remarkable example of Neoclassical architecture designed by the distinguished architect Bernhard Bielenstein.

The building is currently undergoing extensive renovation works:

Renovation of the building façades, roof restoration, and attic insulation;
High-quality finishing works in the stairwells, restoration of the original wooden windows, and historic swing doors with brass fittings;
Complete replacement of all building utilities – new electrical connections, water supply, sewage, ventilation, and heating risers;
Landscaping of the inner courtyards, including greenery, recreation areas with tables and benches, as well as elegant façade and courtyard lighting.

The renovation works are scheduled to be completed by the end of this summer.

The apartment is being sold without interior finishing, but with all new utility connections installed up to the apartment, allowing the new owners to design and furnish it according to their preferences and needs. Renovation services are also available upon separate agreement.

Additionally, it is possible to purchase a parking space in the gated and fenced courtyard.

Bank financing is available for the purchase – both the apartment acquisition and renovation costs can be included in a single mortgage loan.

In cooperation with partner banks, financing of up to 85% is available, or up to 95% with the support of the Altum housing support programme. Furthermore, mortgage arrangement fees and property valuation are offered free of charge.