3 850 000 €

1 755.99 €/m²

Tartu mnt 53

Kesklinna linnaosa, Tallinn, Harju maakond

FOR SALE: Prime Development Project for 76 Apartments in Central Tallinn
Investment Opportunity: A ready-to-develop commercial building at Tartu mnt 53 with a valid building permit for 76 apartment-style guest units.

This project is perfectly optimized for:
Boutique Hotel or Aparthotel
Short-term rental concept (Airbnb/Booking style)
Long-term Build-to-Rent (BTR) house

KEY SPECIFICATIONS
Total Area: 2192.5 m²
Floors: 1 underground + 4 above ground
Units: 76 apartments (1-2 rooms each)
Building Permit Issued: May 28, 2025

INVESTMENT HIGHLIGHTS
Ready for Construction: Valid building permit allows for an immediate start.
Proven Concept: 76 optimized units provide excellent risk diversification.
Strategic Location: High demand driven by proximity to the business district and transport hubs.
Modern Infrastructure: New district heating system (installed 2025) and fully automated heating sub-station.
Structural Integrity: Reinforced monolithic concrete frame; renovated and expanded in the 2000s.

PLANNING & LAYOUT
The floor plans are designed for maximum efficiency, featuring 1–2 room apartments with open kitchenettes and private bathrooms.
Basement Level: Laundry facilities + 5 apartments
1st Floor: 17 apartments
Floors 2–4: 18 apartments per floor (3rd floor includes balconies)
Seller's Commitment: The seller will complete the window replacement and roof maintenance/painting prior to the transaction.

PARKING & ACCESS
On-site Parking: Private gated parking lot for approximately 15–17 cars.
Street Parking: Additional public parking available in the immediate vicinity.

PRIME LOCATION – A COMPETITIVE EDGE
Located in the heart of Tallinn at a major transit and service hub:
Tallinn Central Bus Station: Within walking distance.
Airport Connection: Direct tram link to both the City Center and Tallinn Airport.
Business District: 2–3 minutes from Stockmann and the Maakri Business Quarter.
Neighborhood: Situated next to the Hampton by Hilton hotel, surrounded by top-tier restaurants and offices.
This location ensures a steady flow of tourists, business travelers, and long-term tenants.

WHY INVEST?
This is a low-risk development project where the value is based on existing volume and a valid permit, not just future promises. The flexibility between hotel, short-stay, and long-stay models ensures stability across different market cycles.