We offer for sale an exclusive building - an entertainment center in the center of Riga called Vernisage.
This is one of the largest multifunctional objects, offering various opportunities for recreation and entertainment for every taste. This loud name has long been associated with expensive restaurants and a high-quality range of services in the recreation and entertainment industry. It is difficult to imagine a more profitable location for the restaurant business: high footfall and intense traffic, rich nightlife, rich history and long-standing reputation ensure the high popularity of this object. The building was built in 1836, completed in 1999 and reconstructed in 2013. It is not an architectural monument, which requires the necessary UNSECO zone approvals for renovation and changes to the facade and the preservation of special design elements.
Vernissage consists of 5 sections:
the operating restaurant Whitehouse - one of the best restaurants in Riga (occupied area of 1236 m2: 1st floor - kitchen, restaurant, 2nd floor - banquet hall terrace);
Premises for a nightclub on the ground floor (631 m2), on the second floor - a cigar club (managed by the owner)) and renovated premises for a restaurant;
Restaurant (ground floor - 833 m2) plus offices on the second floor occupied by the owner;
Café and glass terrace on the ground floor
-1st and 1st floors - a nightclub (area 2021 m2)
The investment program has been implemented so far over the past 4 years, major repairs and improvements have been completed; water supply, sewerage and heating systems have been improved and reconstructed, facade details and waterproofing of the building have been repaired to prevent moisture accumulation in the basement, and the roof has been renovated.
The most ambitious project of building a high-class restaurant hall with an exclusive cigar room equipped with a modern humidor with an air conditioning system has been successfully completed. Exclusive lighting, sound and high-end kitchen equipment have been installed, making this space fully equipped for rental.
The Glass Terrace has been completely redesigned - the entire structure has been completely replaced and improved.a.
Land:
4,689 m2 (building footprint 3,663 m2) owned
3,467 m2 leased from the Riga City Housing and Environment Department.
Vernissage is an exclusive property with a functioning business, a possible yield of 7% and enormous development potential!
