Description
We present an exclusive opportunity to acquire two premium location apartments, located in the heart of Tallinn’s Old Town on Vanaturu Kael, a historic street dating back to the 11th century. As part of the UNESCO World Heritage site, Vanaturu Kael is deeply embedded in Tallinn’s cultural heritage, connecting Raekoja Square with Vene, Viru, and Vana Turu streets. This property’s unique setting within the Old Town offers not only an investment in historical real estate but also the potential for stable and high rental returns.
Property Details: Apartment sizes: 136.2 m² and 133.9 m² Total Asking Price: €1,340,000 (both apartments sold together) Location: Vanaturu Kael, adjacent to Town Hall Square and Vene Street Layouts: Located on the 2nd and 3rd floors, offering 4 and 3 rooms respectively, including 3 and 2 bedrooms
Ceiling Heights and Views: Both apartments feature high ceilings that enhance the spaciousness and character of each room. The large windows offer desirable views over the historic heart of the Old Town, allowing residents to immerse themselves in the unique medieval ambiance of the area. The layouts emphasize openness and flexibility, offering the perfect balance between privacy and communal space. Apartments will be offered for sale together.
Investing in a property on Vanaturu Kael presents a unique and lucrative opportunity for several compelling reasons: Prime Location: Situated in the heart of Tallinn's Old Town, Vanaturu Kael is surrounded by iconic landmarks, including the Town Hall Square and the vibrant Vene and Viru streets. This central location ensures high foot traffic and visibility, making it ideal for residential and commercial investments.
Historical Significance: The rich history and preserved medieval architecture of Vanaturu Kael attract both tourists and locals. This cultural heritage enhances the prestige and desirability of properties in this area, ensuring a steady demand and potential for property value appreciation. Investing in Vanaturu Kael not only offers a chance to own a piece of history but also provides a stable and potentially profitable venture due to its prime location, cultural significance, and robust tourism industry.
A Singular Investment in Tallinn’s Historic Core These apartments are offered exclusively as a pair, enabling a unique opportunity to control two contiguous properties in this coveted neighborhood. The flexible layouts provide options to either keep the apartments separate or merge them into a spacious, integrated living or rental space. This versatility opens pathways for both long-term capital growth and optimized short-term rental yields in one of Tallinn’s most desirable areas.
Historical and Cultural Value with High Rental Potential Vanaturu Kael is known for its vibrant historical ambiance, enriched by authentic medieval architecture and a range of cafes, restaurants, and shops. The area includes attractions like the renowned Olde Hansa restaurant, drawing a steady flow of tourists and locals alike. This steady interest guarantees a high rental demand, positioning these apartments as prime assets for generating reliable rental income. The apartments are in good condition, requiring only a stylistic update and tasteful furnishings to be rental-ready.
Acquiring these apartments on Vanaturu Kael grants investors not only ownership of a historic gem but also access to a high-quality property with diverse usage possibilities and enduring value.
Contact me for information and for to set up the private viewing on spot.
