Selling a proven, long-term rental income studio apartment in the heart of the Old Town. An ideal investment apartment, but also perfectly suitable as a first home. Valid appraisal certificate included.
2 identical apartments are for sale and it is possible to buy both apartments together. This is currently the best public rental investment apartment offering in the Old Town!
Other apartment: https://kinnisvara24.ee/korter-muuk-tallinn/240878813
APARTMENT
A spacious one-room studio apartment with a separate walk-in closet (nearly 4m2) is located on the 3rd floor of the building. The corridor, kitchen and sleeping area are partially separated. The kitchenette is equipped with everything needed - refrigerator, dishwasher, stove. The apartment has a modern bathroom with a washing machine.
The use of solid wood in the interior finishing and the partially exposed stone wall give this apartment a particularly warm and cozy, period-appropriate feel - exactly what Old Town visitors are looking for.
LOCATION
The building is located in an ideal location in the heart of the Old Town. Niguliste Church, Town Hall Square, other Old Town attractions, restaurants and shops are within reach. By car, you can drive right to the building entrance.
The apartment itself faces the courtyard, offering the quiet and privacy highly valued in the Old Town.
BUILDING
Niguliste 8 was built in the 15th century during the Gothic period. The most significant reconstructions took place in the 18th-19th centuries, and from that time comes the building's quite rich classical facade design.
The building, which has won a Heritage Board award, has been completely renovated on both the front and courtyard sides. The building's facade was restored along with the cornices and stucco decoration elements. The building's exterior door and windows were also restored.
The interior of the building was completely renovated in 2015. In addition to central heating, warmth is also provided by local gas heating. Maintenance costs are low. The building has a functioning homeowners' association.
An electronic lock has been installed on the exterior door and entry is possible with a code. On the basement level of the building there is a sauna, which guests can book for an additional fee.
Interested? Get in touch and let's go take a look!
