Kalaranna District in Tallinn

Name: Sales in Kalaranna District started!
Start: 2022-02-09T12:20:15.328588+00:00
End: 2023-12-31T23:59:59+0000
Location: Kalaranna District

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Project info

Object ID: 18067

Finished at	June 2022
Price, m²	From 6400$
Housing class	Comfort
Buy online	Details
Installment plan	—
Bank mortgage
Property type	Aparment building
Square	from 54.00 m²
Floors	5
Apartments	240
Condition	Turnkey
Construction type	Monolyth
Security	—
Conveniences	Parking Kids playground Near school Near kindergarten Near supermarket Near hospital
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Personal discount certificate 300$
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Return on investment for apartment

with price

9,495$

Rental income

1,103$

Management

689$

Utilities

474$

5% Income tax

7,229$

Net profit

Month	Days in month	Occupancy, %	Occupancy, days	ADR	Total
January	31	25%	8	35$	280$
February	28	32%	9	35$	315$
March	31	19%	6	35$	210$
April	30	20%	6	45$	270$
May	31	38%	12	45$	540$
June	30	66%	20	50$	1000$
July	31	83%	26	80$	2080$
August	31	83%	26	85$	2210$
September	30	60%	18	60$	1080$
October	31	58%	18	45$	810$
November	30	33%	10	35$	350$
December	31	32%	10	35$	350$
Total	365		169		9495$
Average		45%		48$

Total invested

345,600$

Net profit

7,229$

Payback period

36.4 years

Avg property value increase per year

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Promos and discounts for Kalaranna District

About the project

Kalaranna District is a unique sea-side residential district on the boarder of Tallinn’s central city and old town.

Kalaranna District, located at Kalaranna 8, will have twelve four and five storey buildings on nearly six hectares. The area will be developed in two stages. An integral part of the residential quarter is well-thought-out landscape architecture and a beach promenade that largely preserves the existing natural environment. During the first phase of construction, eight buildings will be completed with 240 apartments, commercial premises and an underground car park. The area will include the Kalaranna Park with versatile leisure opportunities and a Square connecting the buildings.

The first two buildings facing the Tallinna Kalasadam, park, renewed beach and harbour area will be completed by summer 2021. The completion of the first phase of Kalaranna District is planned for spring 2022.

The architects of Kalaranna District are Mihkel Tüür and Ott Kadarik (Kadarik Tüür Architects), landscape architects are Maarja Tüür and Kerttu Kõll (Sfäär Planeeringud). Home interior design packages have been created in cooperation with interior architect Galina Burnakova.

Kalaranna District is a truly unique home for someone who enjoys modern architecture and a well-considered living environment and values the combination of quality and timeless design.

Developer

Pro Kapital Grupp is one of the leading Estonian real estate developer focussing on contemporary large-scale commercial and residential prop…
Details about AS Pro Kapital Grupp