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|Total estimated yield||13.41%|
|Estimated Capital Growth||7%|
|Collateral||1st rank mortgage|
This part of the city has been the fastest growing area for the past few years, which has been driven by the rapidly growing demand. More than 100mil euros were invested into development of real-estate and infrastructure of this part of the city. The process of the ships coming and leaving the harbor create a stunning scenery and the views to the old town make it even more valued. The area has several business oriented world hotel chains, providing comfortable accommodation for your international guests.
Rotermanni district has a very colorful and rich history. It used to be the salt storage and production facilities more than 200 years ago. Within last 15 years it was rebuilt into highly valued business area in the very heart of Tallinn. Many tech companies choose to establish their office in this area, due to its authentic environment, central location, excellent transport connections and physical proximity to ferries to Helsinki and Stockholm allowing you to board the ferry within 10 minutes of leaving meeting room in your office. The modern and comfortable working environment plays a huge role for tech companies for attracting talented IT people into their teams, and that’s what this high-end district aims to achieve.
In 2020 the development trend continues, and demand for offices in this area stays high and stable.
This property is located on the sixth floor of modern office building built in 2005. Many established companies use it as location for their offices, including HQ of the development company of the Rotermanni district.
The property is a spacious office on the 6th floor, with a total area of 282m2. The office has views to both sides of the building, from one side it has a great view to the old town and from the other side there is a nice terrace to take a break from busy day at the office. Large floor-to-ceiling windows are very pleasing aesthetically and on the practical side also provide a lot of daylight.
The property has 3 spots for indoor car parking and has a large open-air parking lot to be used by employees or visitors.
It’s great location speaks for itself: It’s located next to Rotermanni district, a huge shopping mall “Nautica” is just across the road. The most popular shopping center – “Viru” is 3 minutes away, the old town is in 5 minute walking distance, ship harbor is 7 min walk. Freshly finished seaside city promenade starts 100m from this building. Easy access by car, if you are driving and excellent connection by public transportation.
This object has passed Reinvest24 risks assessment and is secured by Collateral Agent mortgage.