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NEW TO GROWTHWIRE? Growthwire is an investment and corporate venturing intelligence service meeting the unique needs of growth and alternative fund managers, CEOs and other business leaders. |
| Headline |
Shopping Center, Tallinn, Estonia, EU |
| Investment Stage |
Private Placement |
| Sectors |
Property - Commercial |
| Deal Value |
5,000,000 |
| Currency |
Europe - € |
| Country/Region |
Eastern Europe Estonia |
| Summary |
Shopping Center in the middle of the crowded residential district in Capital for sale - NB! Yield ~ 9% !
• The current NOI is € 445 560 per annum. According to the concluded contracts of lease the NOI will increase within a half year up to € 465 673 and within a year up to € 481 944 per annum (not reflecting CPI).
• A mixture of lease contracts to 20 tenancies on what are double net unbroken terms.
• The contracts of lease have been concluded for the period of five years or more.
• The rent will be subject to annual indexation (mostly by the CPI), commencing on the anniversary of the start date of each lease.
• All rentals are paid monthly in advance.
• The tenants have undertaken to cover all the accessory expenses related to the maintenance and utilisation of the shopping centre and leased premises (i.e. electricity, heating, water supply, manned guarding service, land tax etc.).
• Site area – 2,121 sq m.
• Building – net area circa 2,273 sq m.
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- INVESTORS are required to comply with the financial and money laundering regulations of the country in which the Growthwire Authorised Advisor posting this listing is domiciled.
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