Two Office Floors for Sale in Laki Business District
Total area 715 m²
INVESTMENT OPPORTUNITY OR OWNER-OCCUPIED OFFICE – Laki 19
For sale: the 2nd and 3rd floors of the Laki 19 office building – total area 715 m². The property can be purchased either as an income-generating investment or for your own business use. The building is technically sound, the office space was renovated in 2021, and it is located in an established business area in Mustamäe.
FUNCTIONAL OFFICE SPACE
The space is particularly suitable for IT, engineering, finance, project management, or service companies. It also presents a solid opportunity for an investor seeking stable cash flow with an approximate yield of 8%.
The 2nd floor is 290 m² and the 3rd floor is 425 m². Both floors can also be sold separately, offering flexibility for owner-occupation or diversification of investment. The layout is easily adaptable, allowing for more open-plan solutions.
Currently, the owner and two smaller tenants occupy the 3rd floor. If desired, the premises can be vacated within 2–3 months, making it possible to take the entire floor into own use. At present, approximately 70% of the space is leased to four tenants, providing immediate cash flow.
Rental levels in the area are €6–6.5/m², and up to €8/m² for office-by-room layouts, offering clear upside potential for investors.
TECHNICALLY STRONG BUILDING
The 5-storey building was constructed in 2000 and renovated in 2021. It features a rational, square-shaped floor plan that allows for efficient use of space.
All areas are equipped with heat recovery ventilation (floor-based units), and most workspaces have room-based cooling. Previously, the premises accommodated an IT company with nearly 100 employees, demonstrating the capability and reliability of the technical systems.
ESTABLISHED BUSINESS LOCATION
Laki 19 is situated in the active Mustamäe business district, home to several well-known companies. The location is logistically convenient for both employees and clients, with good connections to the city centre and major roads.
The area is valued for its practicality and cost-efficiency – offering a representative and functional office without city centre pricing.
FLEXIBLE PARKING
Approximately 20 parking spaces are available in front of the building, around 70 spaces directly across the street, and an additional 40–50 spaces nearby.
In practice, even during peak usage when nearly 100 people worked in the building, parking has not been an issue – a significant competitive advantage in the Mustamäe area.
ADDITIONAL INFORMATION
Sale price: €650,000 + VAT (€909/m²).
The transaction can be structured as a sale-leaseback, where the current owner remains as a tenant – target yield approx. 8%.
The property can be acquired as an income-generating asset or vacated for owner-occupation.
If you are looking for a reasonably priced, technically capable, and flexible office space in the heart of Mustamäe’s business district, this is an excellent opportunity.
Get in touch to discuss both investment and owner-occupation scenarios.
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