A stable rental yield commercial center in the heart of Pärnu!
Total area 2498 m², building lease, stone house
Heating and ventilation: air to air heat pump, central heating
Communications and security: Internet, security system
Additional information: 3*380V, water, separate entryway, show case windows, street entrance, parking free parking, electricity, lift
Sanitary arrangements: ventilation, urban water
Neighbourhood: surrounding buildings commercial buildings, location in the center location
For sale is the majority ownership share (96% of the commercial premises ownership) of the commercial building "Rüütli Business Centre", located on the central Rüütli Street in the heart of Pärnu. The offering includes all commercial premises on the 1st and 3rd floors and 89% of the commercial premises on the 2nd floor. Rüütli Business Centre is a modern building completed in 1998. The ground floor accommodates retail and restaurant premises, the 2nd and 3rd floors contain office spaces, the top floor consists of privately owned apartments, and the underground level includes a parking garage.
The total area of the 1st–3rd floors is 2,618 m², of which 1,958 m² of directly leasable commercial space belongs to the seller. The commercial units, ranging in size from 23 to 213 m², are leased to various tenants at market rental rates. The current occupancy rate of the commercial premises is 85%. In addition, the sale includes ownership of 81% of the underground level, where 20 parking spaces are located. The total area of the ownership share being sold is approximately 2,498 m².
The building is equipped with a 1x3x500A main electrical connection, mechanical ventilation with heat recovery through four separate units, central building-based cooling, district heating, a fire alarm system, security system, and an elevator.
Legally, the object of sale consists of the building rights located at Nikolai Street 7 / Rüütli Street 14, Pärnu, valid until 2096. The ownership share includes apartment ownership M5 (garage) corresponding to a 44/54 co-ownership share and apartment ownership M6 (commercial premises) corresponding to a 95,564/100,000 co-ownership share. The ownership interests are offered for sale by Rüütli Ärikeskuse AS as a single asset through a public bidding process with preliminary negotiations. The sale price is not subject to VAT, and no VAT will be added.
Viewings of the property can be arranged by prior appointment and in the presence of a sales representative from Kinnisvaraekspert Pärnu. Access to lease agreements and detailed information regarding the property is subject to the signing of a confidentiality agreement. Please contact us for additional information.
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KINNISVARAEKSPERT has been operating on the Estonian market since 1993. Our offices are located in Tallinn and Pärnu, and we serve you all over Estonia. Through cooperation partners Nord Prime Capital and Alliance Group UAB, we are also represented in Latvia and Lithuania.
We offer brokerage services, valuation and real estate advisory services in both the private and commercial sectors.
Kinnisvarekspert works closely with one of the world's largest real estate companies, Cushman & Wakefield. Our cooperation spans all over the world.
You can find more information at www.kinnisvaraekspert.ee
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