Multifunctional center, Tallinn, Estonia

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Multifunctional center, Tallinn, Estonia

30,000,000 €
4,751 € /m²
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  • Total area
    6,314 m²
  • Yield
    8.4 %
  • Rental rate (m²/month)
    27 €
  • Built in 
    2005
Details
Property parameters
  • Land area: 8,003 m²
  • Number of parking lots: 53
  • 2-floor building
Financial performance
  • Annual income: 2,100,000 €
Tenants
  • Occupancy: 67 %
Transaction costs
  • 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.

  • Property on the map
    Location right down to the building, street or city

More properties

If this property wasn’t for you, take a look at other mixed-use buildings for sale in Estonia.

You can see more mixed-use buildings for sale in Tallinn elsewhere on our website.

Statistics in Tallinn

Price per m², €
2,547
Healthcare efficiency level
70
Index 70 from 100

The index reflects how respondents rank the overall level of healthcare quality, professionalism of medical staff, quality of equipment, cost of services, etc.

Safely rate
79
Index 79 from 100

When evaluating the crime level, Numbeo survey respondents (local residents) have shared their expectations of how safe would a lone walk in the part be for them during the day and night.

Real estate Price, €
Apartment in the city centre, m² 2,546.76
Apartment in a bedroom community, m² 1,706.58
Transport Price, €
Public transport, 1 ride 2.0
Monthly travel card 23.0
Taxi, 1 km 0.5
Petrol, 1 l 1.34
Food Price, €
Water, 1.5 l 0.56
Milk, 1 l 0.69
White bread, 500 g 0.73
Eggs, a dozen 1.39
Chicken fillet, 1 kg 5.34
Education Price, €
Kindergarten, per month 242.19
International school, per year 8,120.43
Health care index
Staff competence 70.4
Medical equipment 84.3
Research accuracy and completeness 73.81
Attitude towards patients 59.77
Security index
Crime rate 17.72
The risk of being robbed 16.91
The risk of car theft 31.43
The risk of break-in and property damage 29.68

The data is provided by numbeo.com and based on the answers of its users.
Tranio does not guarantee its reliability.

Show the entire statistics

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Anna Kurianovich
Anna Kurianovich
Investment consultant in Tallinn
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