What makes a property valuable? What gives value to a Rolex watch? Why are people willing to pay tens or hundreds of thousands of euros for something? The list of valuable items is long: artwork, expensive jewellery, wines, certain cars, etc. Exclusivity, uniqueness, quality. And there are rarities people wish to obtain regardless of the price.
With rarities, money is not the main issue. What is important is to obtain a unique item into one’s collection. It is about knowing that if one misses the offer, they may never get a second chance.
I would like to tell you about a rarity in real estate. To have this in public offer is a unique fact in itself. It is not possible to overemphasise of how special this real estate object is. This is a real “once in a lifetime” opportunity.
Now you have the extraordinary possibility to become the owner of two exclusive side-by-side buildings in midtown Tartu, at the Town Hall square, next to the Town Hall.
The immovables at Raekoja plats 2 and 4 are buildings that are located at Tartu’s logistic artery – the route Town Hall – Toome Hill – main building of Tartu University. Every tourist visiting Tartu passes these buildings, and every student walks by the property countless of times during their studies.
This is top real estate. This is the furthest you can go. Here you’ll find the dignified buildings of Tartu old town next to each other. Just around the corner is the historic symbol of Tartu – the main building of the Tartu University.
You can only imagine the possibilities of this building complex. Owning this kind of property is really special.
This is premium class real estate!
Life is full of opportunities! Now it is your turn to step into the game!

The registered immovables consist of two historic buildings. Both have been built after the great fire in 1775. This is when most of the buildings of the Old Town were rebuilt. The wooden houses destroyed by the fire were replaced by stone buildings.
The buildings are in good shape, complete renovation was done in year 2000. During renovation, the building at Raekoja plats 4 also got a spacious extension. The closed net area of the two buildings is 3404.4 m².
The classicist baroque-style buildings are part of the 18th century Tartu architectural ensemble. The buildings are joined and can be used as a unified whole or separately.
Raekoja plats 2 is a corner building with views to the Town Hall square and to Ülikooli street. The views also open to Toome Hill and the Town Hall.
The building at Raekoja plats 4 opens to the Town Hall square. When exiting the building, you are greeted by the fountain of kissing students and the lively bustle of the Town Hall square. The square, surrounded by shops, cafés, entertainment venues and sights, is the most popular meeting place of Tartu and a favourite spot for tourists and locals alike.
For years, this has been the location of Hotel Draakon with their luxury rooms, restaurant, kitchen, conference room, saunas, etc. The building also has the rooms for a bistro, beer cellar, bakery and a pastry shop.

The building has three storeys and a basement floor. There are 4 entrances. Three entrances open to the Town Hall. One entrance opens to Ülikooli street.
The bakery, pastry shop, bistro and kitchen with necessary ancillary rooms are located on the first floor (ground floor). Total area 342 m².
The hotel restaurant (70 seats), the bar and the restaurant kitchen are on the second floor. Total area 377,1 m².
The third floor hosts technical rooms, ancillary rooms and hotel rooms for guests. Total area 274,3 m².
The beer cellar together with kitchen is on the basement floor. Total area 326,2 m².
In addition, every floor has the necessary ancillary and service rooms.
Total area: 1319.6 m² (closed net area)
Area occupied by the building: 564,8 m²
Size of the registered immovable: 768 m²
Cadastral register number: 79507:054:0003

The entrance to the building is from the Town Hall square, just next to the Town Hall. The building has 5 storeys and a basement floor. The building has 40 hotel rooms.
The top floor has two suites with luxurious balconies with a view to the Town Hall square. In addition to guest rooms, the top floor has a conference room, sauna complex, and service and ancillary rooms.
In the middle of the building, there is a magnificent staircase that runs through many floors. The building also has an elevator.
The lobby, the lounge, the guest rooms, toilets/laundry rooms, ancillary and service rooms are located on the first floor (ground floor). Total area 467,1 m².
The second floor hosts hotel guest rooms and a conference room for 25 people. Total area 461,1 m².
The third floor hosts hotel guest rooms. Total area 397,4 m².
The fourth floor hosts hotel guest rooms. Total area 377,3 m².
The fifth floor hosts hotel guest rooms. Total area 270,4 m².
There is a ventilation room on the sixth floor.
There are two separate saunas, rest areas and technical rooms on the basement floor. Total area 310,7 m².
Total area: 2317.5 m² (closed net area)
Area occupied by the building: 619.3 m²
Number of hotel guest rooms: 40
Size of the registered immovable: 590 m²
Cadastral register number: 79507:054:0004

  • Total area: 3637.1 m²
  • Size of the registered immovables: 1358 m²
  • Heating: district heating
  • Power: 600A (total of the registered immovables)
  • The property has a patio with 8 parking spaces
  • Price: 9 850 000 EUR

The first owner of the building was a merchant who had it built in 1783. The building is located on a former merchant street.
The baroque-style building of Raekoja plats 2 was built shortly after the great fire in 1775. The facade of the house was changed in 1909. In 1824, a cafeteria and eating hall Werner was opened in the building. In the second half of the 19th century, the building hosted a print house and a library.
Before the second World War, the building of Raekoja plats 4 hosted an eating hall Koit (Dawn). During Soviet times, there was an eatery Võit (Victory) in the building. Partly, the eateries also used the rooms of the Raekoja plats 2 buildings (Jaak Juske, 2013, “Stories about Forgotten Tartu”).
The house located in the corner of a former Great Market and merchant street is the oldest of the surviving buildings at the Town Hall square. The notice about building the stone house for councillor and alderman of the merchant’s company, Mr. Chr. Fr. Schlichting, dates back to 1772. After the 1775 fire, the baroque stone house was restored. The high baroque roof and the dragon-shaped gargoyle are typical of the buildings of the second half of the 18th century in Tartu. The asymmetric decoration with plant and seashell motifs on the portal represents the rococo style. The lower part of the portal was damaged at the beginning of the 20th century during a robbery and was restored in the 1990s. In 1795, the property was bought by the Werner brothers. In 1824, the merchant Gottlieb Christian Werner got a permit from the Town Council to open a cafeteria and guest house with a pool room in the building. The tradition has been kept until today. (Mart Siilivask, Tõnis Kimmel 2009 “A Walker’s Guide. Tartu I. Midtown and beyond the Toome Hill.”)

Tartu, the youthful second largest city of Estonia (population 100,000) with a rich cultural legacy, offers very good living conditions for everyone – secondary school students beginning their lives, university students, working-age residents as well as families with children and the elderly. Social and health care services are accessible and, thanks to an excellent infrastructure, it is easy to navigate the city on foot, by bike as well as by public transport. A vibrant cultural scene and sports life offer plenty of possibilities for recreational activities and unforgettable experiences at numerous major events. Tartu is one of the cities with the lowest living expenses in Europe, yet still maintaining the high quality.
Tartus 17 neighbourhoods, of which 12 are situated on the right bank of the Emajõgi River and 5 on the left bank, offer suitable living conditions to people with all kinds of needs and requests. Whether the place of residence is the bohemian wooden house district of Karlova or Supilinn, the industrial areas Ropka, Veeriku and Raadi, the lively city centre, the quiet Tammelinn, the nature-loving Ihaste, or rather the most populous neighbourhood Annelinn that mainly consists of panel houses – there is something for everyones taste and within their budget on the real estate market. (https://visittartu.com/move-tartu)

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Contact

    +372 5688 6800, mario@mariokarro.ee