FAVORABLE INVESTMENT! COMMERCIAL BUILDING AT THE BUS AND RAILWAY STATION IN THE CITY OF NARVA, VAKSALI 19
The estimated value of the building in 2017 was 350,000 euros. Land area 3,524 m2. The area of all rental premises is 854 m2. Near the building every day, long-distance and city transport actively runs.
1. Location. The facility is located near the border of Narva-Ivangorod and the center of the third largest city in Estonia.
2. Great cross-country ability. At the bus and railway station, life is constantly in full swing.
3. The building was renovated inside. Replaced the roof. Modern heating system.
4. Own parking. Capacity for 15 cars.
5. Several separate inputs and outputs.
6. The documentation of the building is in perfect order. There is an opportunity to add another floor.
7. The presence of several tenants at the moment.
8. Central communications. (water, sewage and heating)
9. Installed video security around the perimeter of the building. 5 cameras outside + 4 cameras inside. There is a remote access.
The average income from the rental of premises at the moment is about 3,700 - 4,700 euros per month. The building has a substantial reserve for development, which will lead to an increase in income.
The building has a narrow specificity in terms of tenants, which is a competitive advantage in the rental market. Most of the rooms are equipped and rented for classrooms. The main tenants are training centers that work with the Unemployment Insurance Fund.
Possible building development plan. The ground floor can be equipped or leased for a food point, for a restaurant or cafe. The second floor can be leased for training centers, call center, other tenants. Equip the third floor for apartments and rent them by the day.
The value of the asset is 330,000 euros.
NB! There is an option to purchase only the company-owner of the building with available credit. In this case, the sale price of the property will be 70,000 euros. The company has a loan obligation to the bank in the amount of 260,000 euros for a period of 15 years at 14% per annum. Monthly payment is 3,700 euros.
|Property number (ID):||940|
|Address:||Vaksali 19, Narva|
|Number of rooms:||23|
|Number of floors:||3|
|Condition:||With major repairs|
|Furniture remains:||By agreement|