1600000EUR
For sale: a unique real estate property — the “Metropole” hotel, located in one of Latvia’s most beautiful towns, Kuldīga. The property is situated not only in an excellent location within Kuldīga’s Old Town UNESCO zone, in one of the most picturesque parts of the city — surrounded by cobblestone streets, centuries-old buildings, and cozy cafés — but also offers outstanding views of Liepājas Street and the Town Hall Square. Additionally, the building’s inner courtyard borders the Alekšupīte river.
The new owner has the opportunity not only to take over the existing business but also to further develop the property as an excellent commercial asset with strong cash flow and reliable, stable subtenants.
Currently, the ground floor houses the hotel reception, the restaurant, and the restaurant’s kitchen (a fully built modern kitchen with freezers, a food lift, professional kitchen equipment, etc.), as well as an existing and stable street-facing tenant — an insurance company. A potential new tenant has already been found for the restaurant and kitchen premises, and there is additional potential to develop more commercial spaces for new subtenants.
The second floor consists of 8 offices (almost all currently rented), as well as a conference room that can be converted into 3 to 4 office spaces. It is also possible to convert the existing office spaces into hotel rooms.
The third floor contains 14 rooms, 7 of which are two-level lofts. These loft rooms can be equipped with kitchens and converted into long-term rental apartments, providing stable cash flow. The remaining 7 rooms function as short-term rentals with a steady guest flow; during the summer season, occupancy can reach up to 80%.
The building also has a basement level with a fully equipped bar/conference room, technical rooms, and part of the restaurant kitchen. There is a separate exit to the inner courtyard. The space can be developed into a gym, rented out as an event venue, or used for other commercial purposes.
The building is equipped with a modern ventilation and air-conditioning system, city heating, and water supply.
To learn more or to arrange a viewing, please call or write — SMS, WhatsApp, or email. We will be happy to provide additional information!
