Estonian Property - Ref 492719

For more information please fill out the quick enquiry form

Property No Longer Available

This property has either been sold or removed from Propertyshowrooms.com.

Other Description

Harbor development site for sale.
At present the property is used for warehousing, oil storage and administration and comprises 3 seperately registered immovables with 13 buildings.
The object is part of an advanced larger plan to change the harbor and surrounding area from its present industrial use to a mixed urban use facilitating light business, residential and recreational use.
The plan foresees in the construction of living and working spaces as well as a pleasure boat harbor, kindergartens, a hotel, an artificial island, wide pedestrian walkways, a promenade and many green areas.
The whole project comprises more than 1 million square meters of usable space (GBA).
The offered site area measures 57.172 m2 and in the new plan will yield a gross building area of 154.110 m2 plus an additional 32.990 m2 as underground parking area.
The plan foresees for the offered site to be re-developed as follows: Residential 76%, Business/Office 14%, Commercial (mall) 8%, Restaurant, 1,2%, Kindergarten 0,8% and 1100 parking spaces.
The project is supported by the Tallinn City council as well as the European Union.
Final approval of the master plan by the Tallinn City will be given later this year.
Full details and a comprehensive valuation report by the renowned firm of Colliers International are available on request.
A participation in the project is also a possibility.