Retail Space in One of the Best Locations in Old Town
Total area 51.2 m²
Heating and ventilation: central heating
Communications and security: Internet, video cameras, neighbourhood watch
Additional information: furniture, separate entryway, in front of the house, furnishing possibility
Commercial premises of 51.2 m² directly from the owner for sale on Lai Street in Tallinn Old Town. The property is located on the ground floor and has a separate entrance directly from the street.
The property includes:
• two retail halls
• office room
• restroom
The space is ideal for a shop, office, showroom, studio, workshop or other commercial use.
A full renovation was completed in 2012 and cosmetic renovation in 2024.
The walls are painted, durable laminate flooring has been installed, and the premises feature modern LED lighting. In coordination with the Heritage Protection Authority, new large wooden display windows with double glazing were installed, providing excellent natural light and a modern appearance.
The property is equipped with a video surveillance system and sound system, both included in the sale. Additional electrical connection points have been installed in the centre of the main retail hall for convenient furniture and equipment placement. Furniture visible in the photos may also remain with the property upon agreement.
Utility costs:
Average utility costs are:
• summer (June 2024) approximately 2.2 €/m²
• winter (December 2025) approximately 3.8 €/m²
Costs include water, building maintenance and waste removal. The premises are well heated and remain very warm during winter.
The building is managed by a strong and active owners’ association that maintains both the property and surrounding area to a high standard.
Location:
The premises are located in one of the busiest pedestrian areas of Tallinn Old Town with unrestricted 24/7 car access.
Within walking distance:
• Toompea
• Schnelli Park
• Town Hall Square
• Viru Keskus
• Kaubamaja
• Solaris
• Baltic Station
• Freedom Square
The surrounding area offers popular cafés, bars, restaurants, galleries, clothing boutiques, handicraft shops and entertainment venues.
Parking:
Guests can park on Lai Street free of charge for up to 15 minutes using a parking clock.
The property is sold with an active rental agreement, which can be taken over if desired. A popular souvenir shop currently operates in the premises.
The property is owned by a company established in 2010 solely for managing this asset. The company is VAT registered. VAT is added to the transaction price and may be reclaimed according to applicable regulations. The property can also be acquired through the purchase of the company owning the premises.
Price: €185,000 + VAT.
An official valuation report from a licensed appraiser is available.
Additional information, utility invoices and interior photos are available upon request.
Viewings can be arranged at a convenient time.
