- 27,285,000 €
- 4.7% yield
- Tallinn Mixed-use building 30,000,000 €
- Basic parameters
- Photo
№ 1,739,032
Business centre 6,314 m² in Tallinn
30,000,000 €
4,751 € /m²
- Total area 6,314 m²
- Yield 8.4%
- Lease term —
- Constructed 2005
Key project parameters
- Total area
- 6,314 m²
- Number of parking lots
- 53
- Floors
- 2
- Constructed
- 2005
Project description
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
Extra information
Car parks
Internet
TV
Tenants
- Agreement
- n/a
Lease agreements are concluded with 136 tenants.
Financial performance
- Yield
- 8.4%
The absolute annual income is 2,100,000 €.
The current yield is 7,0%.
Transaction costs
The brokerage fee is 5%.
Location and nearby infrastructure
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.
More properties
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- annual yield
- From 15-17%
- investment exit horizon
- 2–3 years
- full support at every stage
- Turnkey deal
How we help investors
Analysing the needs
We use a methodology that enables us to formulate requests and find good deals in the market
Developing a strategy
We analyse all inputs and, with the help of local consultants, propose the optimal form of ownership, tax solutions, and exit strategy for the investment
Providing transaction support
We support the investor from the moment of project selection to the closing of the deal. We offer assistance at every stage, including helping to open a bank account
Helping with management
We can take over the management of your property or recommend a suitable management company
Organising property viewings
We will arrange a visit to the site to view one or more projects
Saving time
At the investor's request, we can arrange a remote purchase with the least possible visits to the country
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