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About the Apartment
- Property: Apartment (In Development)
- Bedrooms: 1
- Bathrooms: N/A
- Receptions: N/A
An excellent investment proposition located in a quiet street just moments from both the Old Town and City centre. With wages locally expected to rise by 15% during 2007, property prices in desirable areas like this are not expected to remain stationery!
Features
Arc Property is pleased to release the Veerenni development, our latest investment opportunity in Tallinn, Estonia. The development consists of a six storey building set off of a quiet, tree lined side street less than 5-10 minutes walk from Tallinn’s bustling commercial centre and picturesque Old Town, which has been recognised by UNESCO as a world heritage site. Veereeni Street is located in an area known as Tatari, which is well-known as a desirable area to live due to its quiet, leafy streets and local amenities, including schools, shops and parks.
The area around each building will be professionally landscaped to enhance the natural environment and create a sense of community. The ground floor will consist of commercial space suitable for offices, retail shops and administration. Secure underground parking is available at additional cost and may enhance the attractiveness of your apartment on the rental market. Access to the apartments is via a central staircase and modern lift.
Plot Size: N/A
Main Facilities
Parking at extra cost
schools, shops and parks
Location
just moments from both the Old Town and City centre
Currency Converter
The sale price is quoted in (GBP £). Show approximate sale price in:
From GBP £104,440
Pricing Notes
If your apartment rises in value by 10% during the construction period (and this is a conversative estimate given that the completion date is not for 15 months) you would benefit from a 200% percent return on your initial investment (ROI). If the market rises by 20% (again, a realistic figure), your return on investment would be around 300%.
Upon completion, it is possible to obtain 80% LTV financing from local banks and the Arc property team in Tallinn will ensure that your apartment is rented out and starts generating income as soon as possible.
However, should you wish to exit prior to completion you have the option to reassign your contract, meaning that you avoid the additional costs and hassle (although Arc Property will work with you to minimise this) of completing on the purchase and renting it out. Arc Property can assist you in this and any fees will be covered by the new purchaser.
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