Imobil Invest

Investment opportunity from Imobil Invest! Commercial properties in Moldova and other Eastern European countries are on the rise despite the world crisis of residential properties.

This time we offer a 4-level office/commercial building in historic area of Chisinau downtown. The 100-years old building was reconstructed in 2000-2003.

Total useful space presently three levels of 450 sqm, expandable to 550 smq at the attic floor.
Floor sizes:
1. Underground floor (separate entry from one of main streets) - 130 sqm
2. Ground floor - 137 smq. Separate bathroom on the floor
3. 2nd floor - 186 sqm. Open space, separate bathroom on the floor.

The building is self-heated, airconditioned. Comminications - several phone number, gas, industrial electricity supply 50kW/hr.

Buyout option for residential space in the back of the building gives the opportunity of brand-new construction of 2000-4000 sqm of space (commercial and office).

The building is located in one of the most active commercial areas of the city. Presently, it generates cash flow from rent to commercial tenants.

Reserved parking for 6 cars in front of the building. Additional parking and storage area - in the back of the building.

Building pictures

For more information and price quote please contact us

Please be informed that on July 1, the Public Property Agency announced competition for three 100% stakes of State companies and eight Real Estate/production properties.

Among them are concrete production facility, pharmaceutical production and distribution enterprises, buildings downtown and in good areas of Chisinau, a restaurant, a distillery, etc.

The deadline for document submission is July 28, 2008.

Please contact us for further information, detailed listing and competition participation.

Information is provided by the Ministry of Economy of Moldova.

Location: Downtown Chisinau (2 min walk from Stefan cel Mare Boulevard)
Description:

Apartment

Total size 125 м2, located on the 8th floor of 8. Fully repaired and equipped with modern furniture and appliances. Kitchen - 20 sqm, 10sqm-bathroom. Two full bedrooms. The apartment is self-heated and airconditioned. Ready for renting our or living. The apartment comes with one sub terrain parking.

Building

The building is located downtown Chisinau, 2 min walk from Stefan cel Mare Boulevard. One of the most prestigious buildings in the City. Secured yard, playground, sub terrain and in-yard secured parking.

GREAT INVESTMENT IN RENTAL PROPERTY ON COMPETITIVE PRICE

Price: 185 000 EUR (UNDERGROUND PARKING INCLUDED)

Contact: info at imobilinvest.com, +373 22 270057, +373 69 101359

Investment in Real Estate in Moldova was popular for a number of years. Due to high rate of growth in property market and attractive rental potentials, many small investors prefer to invest their savings into apartments in the capital of the country - relatively liquid asset with the capacity of bringing continuous revenue.

As the trust to banking system was blown away with a number of bankruptcies of some financial institutions, and large scale fraudulent schemes during and after the collapse of the USSR, real estate became the niche for personal investment.

During 2001-2008 apartment prices in the capital went up 7-10 times. At the same time average rental potential changes 3-5 times.

Moscow properties are among the most expensive, and the average rental potential is estimated at 5.18% per year in 2007. In most of Eastern European countries, rental yields do not go over 6.5%, according to Property Secrets.

Chisinau, with much lesser prices still provide an average of 7-12% per year rental potential, added by a moderate (10-15%) price growth per year.