SJSC "State Real Estate” (SRE) has started an auction for the real estate in Old Riga, Mazā Monētu Street 2. The auction will take place from 3 April to 3 May, and you can apply for a viewing of the object until 23 April, informs Andris Vārna, a member of the board of SRE.
“Although the property is relatively small, its location in the heart of the Old Town offers versatile potential,” explains SRE Board Member Andris Vārna. “Mazā Monētu Street, where the property is located, is an old street in Riga, with a peculiar history and cultural heritage. It is covered with cobblestones and is known for its buildings characteristic of the old town.”
The property is located in the Old Town, at the intersection of Mazā Monētu and Šķūņu Streets, in the block divided between Mazā Monētu, Šķūņu and Mazā Jaunavu Streets. The property consists of a plot of land with a total area of 86 square meters and the building on it – a four-story house with a total area of 269.4 square meters. The property has commercial premises, offices, bathrooms and utility rooms. The finishing of the premises is in a satisfactory technical condition, and the building has good engineering communications. In terms of structural design, the building offers good opportunities both for the preservation of the existing structure and for possible additional development.
The immediate surroundings are densely populated with commercial and residential projects, creating a vibrant and attractive environment. In addition, vehicles can stop and park in the adjacent streets, providing easy access. There is a low volume of vehicular and pedestrian traffic along the property, along the Mazā Monētu Street.
The initial price is set at EUR 400,000, with a bid increment of EUR 5,000. For more information about the auction and the property, visit the official website of the auction at izsoles.ta.gov.lv.
Mazā Monētu Street, where this property is located, is the heart of the Old Town and part of its ancient heritage. It is a street that links history with today's dynamic lifestyle. The street was first mentioned in documents in 1393.
About SRE
SRE provides professional real estate management and maintenance for 419 building and structure properties, comprising 1049 buildings with a total area of 0.98 million m2, as well as land beneath structures with a total area of 585 ha, and 3385 land properties with a total area of 937 ha. SRE is one of 17 Latvian companies that received the highest platinum award in the Institute for Corporate Responsibility and Sustainability’s Sustainability Index 2023, demonstrating good governance and sustainability of its operations. The company was founded in 1996 and the Ministry of Finance is its sole shareholder.
