INVESTMENT OR OWNER-OCCUPIED OFFICE – Laki 19
For sale: the 2nd and 3rd floors of the Laki 19 office building – total area 715 m². Suitable both as an investment property with immediate cash flow or for use by your own company. The building is technically strong, the office premises were renovated in 2021, and the property is located in a well-established business area in Mustamäe.
FUNCTIONAL OFFICE SPACE
The premises are especially suitable for IT, engineering, finance, project management, or service companies. Also ideal for investors seeking stable cash flow with an estimated yield of approximately 8%.
The 2nd floor is 290 m² and the 3rd floor is 425 m². Both floors can also be sold separately, offering flexibility for owner-occupation or investment diversification. The layout is easily adaptable and can be converted into a more open-plan solution.
The owner currently operates on the 3rd floor together with two smaller tenants. If desired, the premises can be vacated within 2–3 months, allowing the entire floor to be used by the new owner. Currently, approximately 70% of the space is leased to four tenants, providing immediate rental income.
Typical rental rates in the area are €6–6.5/m², while office-by-office layouts can achieve up to €8/m², offering clear growth potential for investors.
TECHNICALLY ADVANCED BUILDING
The 5-storey building was constructed in 2000 and renovated in 2021. It features a practical square-shaped layout enabling efficient space utilization.
All rooms are equipped with heat recovery ventilation systems (floor-based units), and most working areas also have room-based cooling. Previously, the same premises were occupied by an IT company with nearly 100 employees, demonstrating the capability and reliability of the building’s technical systems.
ESTABLISHED BUSINESS DISTRICT
Laki 19 is located in the active Mustamäe business district, home to several well-known companies. The location offers excellent logistics for both employees and clients, with convenient access to the city center and major highways.
The area is valued for its practicality and cost efficiency — companies benefit from a representative and functional office environment without city center pricing.
FLEXIBLE PARKING
There are approximately 20 parking spaces in front of the building, around 70 parking spaces directly across the street, and an additional 40–50-space parking area nearby.
Experience has shown that even during peak occupancy, when nearly 100 people worked in the building, parking issues did not occur. This is a significant competitive advantage in the Mustamäe area.
ADDITIONAL INFORMATION
Sale price: €650,000 + VAT (€909/m²).
The transaction can also be structured as a sale-leaseback arrangement, where the current owner remains as a tenant — target yield approximately 8%.
The property can be acquired either as an income-generating investment or vacated for owner-occupation.
If you are looking for a reasonably priced, technically capable, and flexible office space in the heart of Mustamäe’s business district, this offer is for you.
Get in touch to discuss both investment and owner-use opportunities.
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