The property for investment is 87,1 m2, 2 bedrooms residential property on the second floor rented as office space with the valid rental contract.
The House is new and was built in 2014. First floors are rented out to a commercial area to eye clinics, dentists, and notary agencies. Other rooms are rented as residential flats.
The property is located in a modern residential building in Tallinn city center which combines everything a city dweller values in a residential property – functional and stylish apartment, beautiful view, high-quality building materials, innovational design.
Its location in the center of Estonia’s capital gives the tenants easy access to transportation and city infrastructure with strategical destinations, like the airport and seaport. Within 300 meters is situated the Tallinn University, Tallinn Music school within 100 meters and within 5 minutes walk are banks, shopping malls, restaurants, and schools. Within 10 minutes walk lies the Tallinn Old Town.
The property’s quality and superb location allow for it to be used as both residential and office space. Currently, it is rented out as an office space, allowing for higher rental yields annually.
Tallinn is the capital of Estonia with the population of 426 000 people. It is the biggest city of Estonia, main business, and logistics hub in the country. According to the latest report, which is published by The Financial Times, Tallinn is ranked 4th among the ten European mid-size cities that are most attractive for future inward investment. Urbanisation level is rising and during the last 7 years, Tallinn got more than 5% of population growth, which reflects on high demand for property in the capital region.
The Property for investment with the address Kreutzwaldi 3-27, Tallinn, Estonia is a Residential/Commercial – apartment. The property benefits from long-term contract rent and used as Office for a local company, offering stable and growing income stream.
Reinvest24 is listing 2 455 000 shares with the price of 0.1 EUR per share, min. investment - 100 EUR.
Kreutzwaldi apartment is located in City center, on the border with the greenest district of Tallinn – Kadriorg. Location of the apartment creates interest both for business customers and City dwellers after our analysis renting to commercial customers provided better yield and more stable contract.
Reinvest24 investors have an opportunity to invest up to 245 500 EUR into Kreutzwaldi 3-27 property and receive the proportional part of the Project rental profit and capital growth, paid out as variable interest. The investment will be secured by mortgage of property held by Collateral Agent.Reinvest24 investors will purchase the property without any loan obligations and the strategy for profit maximization will be to rent it out as an office, providing a better income and sell as a residential apartment on the exit, what increase property price.