Multifunctional center, Tallinn, Estonia

Additional information is provided after the signing of an NDA

Multifunctional center, Tallinn, Estonia

30,000,000 €
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Total area: 6,314 m² Yield: 8.4% Built in 2005
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Features
  • Operating Incomе: 2,100,000 €
  • Land area: 8,003 m²
  • 2-floor building
  • Occupancy: 67%
  • Number of parking lots: 53
  • Broker: 5.0%

Multifunctional center in the center of the city.

Description

The property consists of three buildings connected to each other and includes commercial premises with an area of 5,399 m², an entertainment area and a restaurant area of 4,753 m², a service sector of 395 m², an office space of 419 m². 

There is parking for 53 cars on the territory of the property.

Equipment

  • ventilation and heating systems
  • elevators
  • modern video surveillance system
  • alarm system
  • Wi-Fi
  • television screens

Financial performance

The absolute annual income is 2,100,000 €.

The current yield is 7,0%.

Tenants

Lease agreements are concluded with 136 tenants.

Transaction costs

The brokerage fee is 5%.

Location

The property is located in the city center in the port area in a walking distance from the business and historical part of the city.

Next to the complex, there are Tallink SPA, Kalev SPA, Rotermanni Quarter, which is headquartered in the Tallinn port.

Convenient transport interchange, including public transport stops and taxis, connects the property with important areas of the city.

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Anatoliy Onufriev
Anatoliy Onufriev
Real Estate Expert Tranio in Tallinn
+44 17 4822 0039
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    • Bank financing from 1.5% annually
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