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Building to renovate in Tallinn city-center, looking for developers / co-investors
In the center of Tallinn, Estonia, heard of the Baltic high-tech and fast growing Nordic city, one building in a perfect strategic central location is looking for a buyer developer directly from the owner. It´s an interesting business opportunity for smart investors as the building is located in a strategic top central area. Solid 7000 m2, full rented out that already produces safe income. The complete renovation would quite increase its value, today just around 5-6 EUR per m2, and also opportunity for the beauty of Tallinn. Contact us for further details.
Real Estate Development Project in Tallinn center for sale
The area which need development is located in Harjumaa, Tallinna linn, Kesklinna a central city-district of Tallinn.
Local transportation: Bus stop 200-500 m; Parking terms: Underground parking;
Detailed planning: Purpose of use – 80% business and 20% residential land. Allowed to build two new buildings (three-storey and four-storey). Maximum permissible built-up area – 600 m2. Area: 1,050 sqm.
The planned buildings are mainly commercial buildings. Mix Residential/Commercial Real Estate. On the first floor commercial (café, a small shop, etc.) in the second and third floors office space. In second building planned office space, with the exception of the fourth floor, where are planned four apartments. Most permissible gross area of the land – up to 1920 m2. Most permissible underground gross area – up to 760 m2. Underground parking: 27 pcs. The price is 1 M EUR + VAT. There is a possibility to have a funding for this project on terms ca.3% + euribor! Contact us for details.
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