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Shopping centre for sale in Estonia

Shopping centre

  • Location: Estonia
  • NOI: >200 Euro
  • Reason for sale: Shareholder is looking for a strategic buyer and open to retire

Overview

The shopping centre is located near Rakvere centre square. The centre first floor was built in 2001 and upgraded in 2007 and 2008.

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Profile (strategy) of shopping centre Company for sale

The shopping centre is located in 2800m2 plot. The three storage building has over 4 thou. M2 of net closed area. The whole 3700 m2 of rent area is covered with lease contracts.

Activities and or products

60% of the area is rented to main tenant women and children retail shop. Rest of the area is rented toe relating services.

Highlights of company for sale

  • The centre is located in the city shopping district
  • The building was built mostly in 2008
  • Sales price is 428 €/m2 with 11% yield
  • Centre has low communal costs
  • Centre has strong tenants
  • The lease contracts are long term

Information about shopping centre company

Feel free to contact us for more information regarding this investment opportunity. If this real-estate company for sale does not fit your requirements feel free to ask for other available businesses for sale in this industry. For more companies for sale in Estonia please visit companies for sale in Estonia. If you want to buy another shopping centre in Estonia please get in touch with Erki Katkosild who knows further shopping centres open for a sale in Estonia.