For Sale: Commercial Property in Narva-Jõesuu – A Fully Operating Guesthouse with Great Potential!
The building consists of 25 rooms, each with a private bathroom. The property can be used for multiple purposes:
As a guesthouse or apartment hotel,
As a care home or retirement home,
Can be converted into apartments (a neighboring building example available – with an added attic floor and balconies).
Location
The property is located in the center of Narva-Jõesuu, very close to both the river and the sea. Within walking distance are the beach, promenade, harbor, park, cafes, and medical facilities. Ideal for holidays, children’s camps, business, or health tourism.
Operation and Income
The accommodation operates from May to September.
Average income during spring and autumn months: up to €5,000 per month
In summer months (June–August): up to €25,000 per month
Clientele: domestic tourists from Estonia, children’s camps (4–5 shifts per season), business clients from regional trade fairs.
During the off-season, the building is preserved with monthly costs of only about €10 (for electricity for security devices and video surveillance).
Technical Systems and Maintenance
Recent investments include:
Replaced heating system (radiators, piping, expansion tank, pump)
New boilers (2 × 150L)
New water and sewage system, including all risers
New electrical system (cables, switchboards)
Autonomous fire alarm system, fire doors
Video surveillance inside and around the perimeter
Pool maintenance, LED lighting upgrade
Regular costs and maintenance:
Annual fire safety inspection – ~€150
Kitchen and water analyses (optional, if breakfast is offered) – ~€50
Seasonal water preservation and restoration – ~€100 in autumn and ~€100 in spring
Additional Development Opportunities
Optional servicing or replacement of the diesel boiler (currently of Italian origin)
Connection to the district heating network possible (offers available):
Heating node with project and installation – ~€10,000
Connection to city network – ~€20,000
Eligible for national environmental grants
Staffing and Automation
During the season, the following staff work on-site:
3 administrators, cleaner, and cook if needed
During lower occupancy periods, a contactless check-in system is used (passwords, safes)
Booking system via Booking.com – with high ratings
Modern website: [lainehotel.ee] (currently inactive but available)