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Boutiques, Hotel and Apartments Investment

Exclusive Real Estate complex for sale, located in the best district in Pärnu Old-Town!
Details:
Three estates with buildings :
1)Office building (former department store)- giving rental income
Total ,closed neto space – 488 m2
Size of land – 612 m2
2)Office building - giving rental income
Total closed neto space – 739,3 m2
Size of land - 709 m2
3)Apartments and Boutiques(after renovation)
Total closed neto space – 2215,8 m2
Size of land– 1846 m2

Asking price total: 3 000 000.- EUR
Total closed neto space: 3443,1 m2 (870 EUR per sq/m)
Total size of land: 3167 m2

For purchase is up to 100 % of the stocks of Postgeneral
LLC (company which owns the real estate)
For every 10 % the price is 300 000.- EUR
Calculated growth of the stocks is 10 % in one year on
the requirement that the renovation will start on 2010.
Cost of the construction will approximately be
4 450 000.- EUR.

Location details:
No matter what time of year you decide to drop into Pärnu, you'll find more small town charm than you can shake a stick at. From the historic city centre to the leafy park areas to the quiet streets lined with old villas, the whole ensemble radiates an air of relaxation and contemplation. And it's no accident – Pärnu has been a popular resort since as far back as the 1830s, a place where people go to de-stress and regain their equilibrium. For most Estonians however, the city is synonymous with one thing: the beach. As soon as the weather turns warm, thousands of visitors flock to the nation's 'Summer Capital' to frolic on the sand and dip their toes in the water. Unsurprisingly, this is also the time when the city puts on its best face, as well as its best events. The culture section of Pärnu lists the major happenings, everything from classical music festivals to drag racing.