Tartu, Puiestee 86

About this property

GOOD LOCATION. SPACIOUS BUILDING. OPPORTUNITY TO CREATE NEW VALUE. The value of some real estate is immediately visible. The value of others opens up to those who can see the possibilities. Puiestee 86 is an opportunity for just such a buyer. A two-story shop-residential building is for sale near the center of Tartu, with a closed net area of 270.5 m², the asking price is approximately 588 €/m². The building consists of both residential and non-residential premises, which have previously been used as a shop-warehouse. Two separate entrances, a spacious space solution and an outbuilding located on the property create an opportunity to plan a real estate project with versatile use. This is a property in need of thorough renovation, the main value proposition of which is the combination of location, existing buildings and usage options. LOCATION | TARTU CITY OPPORTUNITIES WITHIN WALKING DISTANCE The property is located in the Raadi-Kruusamäe area, near the center of Tartu. The Tartu College of Tallinn University of Technology is located in the immediate vicinity. The area is characterized by a well-established living environment, good connections to other city districts and proximity to services necessary for everyday life. The city location creates the prerequisites for both designing a personal living and working environment and planning a real estate investment. This is a location for a buyer who values proximity to the city and does not want to make concessions at the expense of connections and daily movement. BUILDING | RESIDENTIAL AND BUSINESS ON ONE PROPERTY The two-story building has five rooms, two kitchens and two separate entrances. Main building data: Closed net area: 270.5 m² Residential area: 134.7 m² Non-residential area: 75.3 m² Number of rooms: 5 Kitchens: 2 Floors: 2 The building is registered as a detached house, which also includes a non-residential area, which has been used as a shop and warehouse space. Such a combination of premises offers the opportunity to consider combining living and business within one property. Separate entrances provide additional flexibility when planning the use of the premises. The house also has a spacious attic. PROPERTY AND OUTBUILDING The size of the property is 356 m². In addition to the main building, there is a separate outbuilding on the plot, the built-up area of which is 60 m² and the registered area of the building part is 49 m². The property also has a wooden shed and a yard area. The existing building allows for the consideration of a comprehensive renovation and arrangement of the entire property. TECHNICAL CONDITION The building structures use wood, brick and small blocks. The roof is covered with eternit. There is a central water supply and sewage system. The house needs a thorough renovation. The property is suitable for a buyer who wants to renew the existing building and design its future use according to their goals. Possible reconstructions and changes in use require compliance with the necessary requirements and approvals. INVESTMENT POTENTIAL | THREE IMPORTANT ADVANTAGES LOCATION. Proximity to the city center of Tartu and an established urban environment. SPACIOUS AMOUNT. Spacious two-story building, separate outbuilding and the possibility of planning a complete renovation of the property. MULTI-USE. A combination of residential and non-residential spaces, which allows for the consideration of combining living and working spaces or other permitted use solutions. The asking price of €159,000 gives the buyer the opportunity to evaluate the investment as a whole, taking into account the existing property, its location and the necessary renovation work. This is not a ready-made investment product. This is an opportunity for a buyer who has a clear vision and is willing to implement it. SOME SEE RENOVATION. OTHERS SEE OPPORTUNITY. Puiestee 86 is not a property suitable for everyone. This is an object for a buyer who appreciates the location, understands the amount of work involved in renovation and can see the possibilities of the existing building. We are not selling a ready-made solution here. Here is the location, space and the opportunity to design something unique. If you are looking for a property in Tartu that can be fully renovated, come and see Puiestee 86. Maybe this is the project you have been looking for. Contact us and we will arrange a suitable time to view the property!