Selling a stake in a company whose goal is to renovate the former Kose-Risti Teahouse. All conditions will be agreed upon during negotiations, but the minimum return for the investor will be 7% per year plus capital growth. The investor's money will be used to renovate the property's condition in order to rent out apartments and commercial spaces. In addition to the return, the investor will also get capital growth upon project exit.

The stake is purchased in a company that owns the entire property and four apartment ownerships - Tartu maantee 8-1; Tartu maantee 8-2; Tartu maantee 8-3; Tartu maantee 8-4 - Kose village, Harju County, 75101

Conservative and validated revenues after renovation:

Apartment 1 - 72 sq m - 590€ / month

Apartment 2 - 72 sq m - 590€ / month

Commercial Space 1 - 101 sq m 720€ / month

Commercial Space 2 - 70-100 sq m 590-720€ / month

Other revenues (advertising spaces and mini-warehouses):

1000-****€ / month

Building description and functionality:

The building has 4 apartment ownerships, two of which are residential spaces and two are commercial spaces. The apartments are three-room and will be rented out long-term. There is demand for this in Kose.

Commercial spaces will be multi-functional and the final solution will suit the tenant's wishes. The initial two ideas created are co-working office and an office/kitchen for a business that creates value in the community where people can come together to cook.

The building will be renovated to meet modern standards.