Two commercial premises and seven storage units for sale at Hämeenkatu 23, Riihimäki

Property for sale

The bankruptcy estate of production company Hihhihhii Oy sells shares in Kiinteistö Oy Tilhilaakso, at Hämeenkatu 23, 11100 Riihimäki, which entitle the holder to manage commercial premises A2 and A3, and storage units A2, 2, 3, 4, 5, 6 and 7.

All shares are sold together. Seller: the bankruptcy estate.

Charges and charge liabilities

The service charges for the shares total €9,306.09/month. No capital repayment charges.

Kiinteistö Oy Tilhilaakso has no charge receivable related to the commercial premises.

The general meeting of Kiinteistö Oy Tilhilaakso decided on 02/05/2024 to take control of the commercial premises and storage units for three years. Once the sale to the bankruptcy estate has been completed and the purchase price paid, the housing company will hand over management of the commercial premises and storerooms to the new owner after payment of any arrears. Note that some commercial premises and some storage units are let.

Rented premises

Commercial premises A2 and A3 and storage A2 are leased for a fixed term 01/01/2026 - 02/05/2032. Rent is €8,500/month + VAT as applicable; water charge €43.98/month + VAT as applicable. The tenant has their own electricity contract. The lease includes a tenant option, under which the tenant may extend the agreement on the same terms as a fixed term of at least five years after the expiry date. The tenant must notify the landlord of the exercise of the option at least six months before the lease expiry. If a new contract is not agreed between the tenant and landlord, the agreement continues as a contract of indefinite duration. Thereafter the notice period for both tenant and landlord is six months.

At the time of preparing the sales listing, storage unit 6 is also let at €430/month and storage unit 5 at €60/month.

Property details

The units for sale are located in an apartment building built in 1951. The commercial premises are on floors 1–2 and the storage units are in the basement.

Commercial premises:

- Commercial unit A2 (shares 643–2579), 673.5 m²

- Commercial unit A3 (shares 2580–3840), 438.50 m²; the unit includes a 16.5 m² HVAC duct room

Storage unit details:

- Storage A2 (shares 370–642), 90 m²

- Storage 2 (shares 7549–7594), 15 m²

- Storage 3 (shares 7595–7620), 8.5 m²

- Storage 4 (shares 7621–7639), 6.0 m²

- Storage 5 (shares 7640–7701), 20 m²

- Storage 6 (shares 7702–7934), 96 m²

- Storage 7 (shares 7935–8767), 363 m²

The commercial premises have a total area of 1,112 m² and the storage units a total of 598.5 m². Areas have not been verified by measurement.

Movable property is not explicitly included in the sale, but there may be some items and clothing in storage unit no. 7 that will come with the sale. The buyer is responsible for disposing of any property located in unlet storage units.

Other notes

The company needs a pipe renovation. The company's repair needs report notes that a condition survey of the water and sewage system is forthcoming.

Under Article 5 of the articles of association, owners of shares entitling them to the management of the commercial premises have the right, free of charge, to keep ventilation and air-handling equipment in the building's attic plant room of approximately 67.5 m², with maintenance, upkeep and running costs borne by these shareholders in proportion to the area they control. Note that the ventilation unit in question is over 25 years old.

Pursuant to Article 8 of the articles of association, contrary to the provisions of the Housing Companies Act on company and shareholder repair and maintenance responsibilities, the shareholder is responsible for all repair and maintenance works and costs that can be allocated to the building in which their unit is located. The same responsibility applies to other premises controlled by the shareholder.