FOR SALE Company with a real estate development project to build a spa complex in Tartumaa

The real estate company has 20 years of history behind it. The company’s business includes apartment rental operations and professional efficient management of eight row houses with 48 residential apartments. The occupancy rate has consistently exceeded 90%.

The company is known as one of the largest private landlords in the city. The company has established operating methods and partners. The rental prices in the city are almost at the level of the regional centre of South Ostrobothnia. The company has been developed annually in response to changes in the operating environment, such as solar panels and an optical fibre network. The apartments have undergone maintenance work annually and are in good condition. A property services company is responsible for the maintenance of the buildings.

A great opportunity to enter the real estate industry or expand an existing real estate business!

The company owns a 5-hectare property where two three-storey buildings of 3.000 m2 will be built, one of which will house a spa and sauna centre and the other apartments with balconies.

Hiking and jogging trails, a public beach, fishing opportunities, disc golf, a communal barbecue and campfire area will be built in the area.

A town plan has been approved for the area, and the building plans for the buildings are ready.

The property is located in Tartu County, 25 m from Tartu in the direction of Jõhvi.

The company largely manufactures various sheet metal products as a subcontractor to large operators. In addition, the company itself has developed a unique product with international potential. The company has long-term customer relationships and an excellent reputation as a reliable operator. The company’s machinery is diverse and does not require investments with its current operations. Production is well designed for current operations.

This scrap shop is a regionally renowned, long-standing company specializing in sorting and recycling scrap metal.

In 2023, a total of approximately 1.3 million kilos of scrap metal was processed.

The company has established an established customer base and the economy is on a solid foundation.

Due to the retirement of the current owners, the ready-made and functional concept is available for a new operator.

In connection with the sale, the owners are also ready to sell the 2 drive-through plots and buildings they own in a central location and used by the company.