[5 payout from rental yield]
Our investment property, with the address Narva maantee 40, is a small 14,5m2 rental apartment in the prestigious Avangard building. The micro-apartment has a window facing the building’s quiet and private backyard. Avangard is a unique, refurbished rental building located in the centre of Tallinn, on the city’s main street. The historic building’s Art Nouveau facade, dating back to the early 20th century, is one of the few unique architectural gems left in Estonia that has withstood the test of time.
The tsarist building, with its historic front facade and ultramodern back, includes a luxurious foyer, leading guests to compact, yet lavish and functional micro-apartments. Our investment property is located on Tallinn’s main street, Narva mnt, opposite Tallinn University and a stone’s throw away from the historic Old Town of Tallinn. Other nearby points of interest include Kadriorg Park, Kadriorg Palace, Kumu Art Museum and the Port of Tallinn (a 10 minute walk away). The Port of Tallinn is used for traveling by over 10 million people every year.
Inside our rental building we have many rare amenities, which are unique to the market; including an indoor gym, a bicycle parking area, a laundry room, and a large common terrace with views of the surrounding city. Tallinn’s top restaurants, boutiques and shopping centres are all in the vicinity of our property, which is located on the outskirts of Kadriorg, one of the most desirable areas of Tallinn.
Avangard’s strategic location also makes it an easily reachable holiday rental from Tallinn’s airport, located merely 15 minutes away by car, perfect for holidaymakers and business travellers looking for central accommodation. Our property’s superb central area is ideal for short-term tenants who want to enjoy everything the city of Tallinn has to offer, with modern facilities and historic charm. Avangard is one of the few architectural gems left in Estonia that has withstood the test of time.
The historic building was originally built in the beginning of the 20th century, when Tallinn was still known as Reval, the destination for German nobility. Back in the day, the prestigious building was owned by Countess Maria Stenbock. Even back then, the property was used as a rental building, which served as the home away from home for Tallinn’s elite; housing aristocrats, wealthy merchants, bankers and industrialists.
This object has passed Reinvest24 risks assesment and is secured by Collateral Agent mortgage.