Description

Kadrioru Plaza is a modern multifunctional complex completed in 2020, combining elements of contemporary architecture and cultural details. The gallery regularly features rotating art exhibits, and the lobby boasts an impressive live plant wall, creating a unique atmosphere.

Natural light floods the building through the glass roof, illuminating the spaces and creating a comfortable work environment. The spacious lobby and four-story atrium resemble a work of art, with the common areas displaying works by Estonian artists.

The first four floors house commercial spaces, while the fifth through ninth floors feature apartments with separate entrances, different from the commercial spaces.

The commercial spaces are accessible 24/7 via access cards.

The first two floors are dedicated to retail spaces, restaurants, a gym, and other public facilities.

The third and fourth are offices. Each floor is equipped with shower rooms, adding extra comfort for those working in the building.

OFFICE SPACE

The offered office space is in excellent condition and comes with built-in kitchen furniture, which is included in the price (office furniture can be discussed). The spacious and bright rooms with floor-to-ceiling windows create a work-friendly atmosphere, the temperature and ventilation are adjustable.

All workstations are equipped with high-speed Cat6 cable internet, and an optical cable has been installed in the office.

Thanks to the building’s location on a busy street with heavy foot traffic, this office space offers excellent advertising opportunities.

LOCATION

Kadrioru Plaza is located in close proximity to one of Tallinn’s busiest transportation hubs, at the intersection of Vesivärava, Vilmsi, and Gonsiori streets. The building has excellent transport accessibility both by car and public transport. Kadriorg Park is just a few minutes’ walk away, adding to the attractiveness of the location for both employees and clients. Across the street is the Selver Torupilli shopping center.

PARKING

The building has two ventilated underground parking levels.

You have a possibility purchase a parking space in the heated underground garage on the -1 level along with the business space.

Additionally, the “Pargi ja reisi” parking system is available nearby, ensuring convenient access to the building for both employees and guests.

PRICE AND POTENTIAL INCOME

The price of the office space requires adding VAT.

The price of the parking space is 25,000 euros (plus VAT).

On average, the rental price for office space in Kadrioru Plaza is 19 EUR per sq.m (plus VAT).

This creates a potential annual yield of around 7.5%, which is a highly attractive figure for investors on the current market.

At the moment isn’t rented out, so in case of the deal quickly vacated.

I will be happy to answer any additional questions!

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