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Historic sea fortress in the middle of Tallinn waiting for investors

State-owned Patarei sea fortress, located at one of the most attractive locations in Tallinn, is on sale at a public auction.

Patarei sea fortress is located in the distinctive and evolving district of Põhja-Tallinn. With its unique architecture, the sea fortress situated on the shore of the Gulf of Tallinn, is recognizable from both the land and the sea.

Põhja-Tallinn district might be attractive for investors due to the fact that has the lowest stock of retail space of all districts in Tallinn. At the same time, it occupies third place by population among all Tallinn’s districts. Moreover, the area is also considered to be the most attractive place for possible hotel developments in the short- term perspective.

Bids are accepted until November 12, 2019.