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[9 payout from rental yield]
Terase 16 is a modern residential building located in one of the most prestigious areas in Tallinn – Kadriorg. This building is a 6 floor new development, and the construction works finished in 2015. The investment property is a commercial business space with big beautiful windows and a spacious summer terrace located on the ground floor of the prestigious building. The total rental area is 155 m2 rented out to an established restaurant and wine boutique under a long-term rental contract of 5 + 5 years.
The luxurious architectural design of the Terase building is very unique, both welcoming and noticeable, which is very beneficial for the businesses located in the building, securing a healthy return visitor rate. The interior is professionally designed to suit the most demanding customers, offering a true fine dining environment. This commercial space has high-quality decor and interior design, combining hardwood floors, soft and ambient lightning, excellent interior planning and plenty of windows to sit by and enjoy either the calm garden views or the busy city life with passing pedestrians and cars.
In addition to interior design, the property has had a few fundamental upgrades in order to suit the most demanding tenants and customers, including an exhaust system upgrade, integration of professional kitchen equipment and suitable ventilation for the restaurant. The owners of Radio restaurant have many years of experience in successfully managing several well-known restaurants in Tallinn’s Old Town and the city centre for more than 10 years, and they have been awarded a prestigious Silver Spoon award for the superiority of their chefs and cuisine.
The Hilton Park Hotel Tallinn is located within 300 meters from this area. Our Avangard short-term rental apartment is also located within a 500-meter radius. The Tallinn Old Town is a 10-minute walk away, and a 5-minute walk in the other direction will take you to the majestic Kadriorg Park built by Peter the Great for his lovely wife, which is now one of the most affluent neighbourhoods in Estonia, with a population over 5 thousand people. Located next to a very well-maintained park and swan pond, you will find the impressive Kadriorg Palace as well as Estonia’s Presidential Palace.