Residential building Peltola 955 m² – rented flats and storage spaces, Haapavesi

For sale: a residential building completed in 1959 with an area of approximately 955 m², containing several rented flats and basement storage facilities. The property offers a good opportunity for an investor or a buyer interested in property development.

The building has multiple flats accessed via stairwells, and some premises are currently let. The basement houses extensive storage and technical rooms that support the property’s use and rental operations.

The building is of solid construction and located in a peaceful setting. The yard area provides ample space for parking and manoeuvring.

Basic information:

• Address: Kytökyläntie 260, Haapavesi

• Year of construction: 1959

• Floor area: approximately 955 m²

• Includes rented flats

• Basement storage facilities

• Suitable for investment and rental use

• Quiet location

A good opportunity for an investor or someone seeking a multi-flat property!

OWNERSHIP ARRANGEMENT AND LAND

The sale covers the building only. The plot or land is not sold. The sale includes a right to use the land for 50 years under a land lease agreement. The lease area is shown on the attached map and the boundary will be specified if necessary before the contract is signed.

The land rent covers costs incurred by the lessor. The buyer must note that this is not ownership of the land, which may affect financing and collateral.

Purchase of the land may be negotiated separately later, but the seller is not committed to a sale.

CONDITION OF THE BUILDING AND TECHNICAL RISKS

The building is aged and technically basic. There is a significant backlog of repairs, and the buyer should be prepared for major investments in the structure, building services and energy solutions.

There are risk elements in the building, particularly in the foundations (ground floor), external walls and roof, which involve moisture and indoor air quality risks. A condition assessment will be carried out before the sale and provided to prospective buyers at the latest during negotiations.

The building is sold as is.

AREA CHARACTER AND SPECIAL FEATURES

The property is located in a historic and partly protected area. It is the buyer’s responsibility to investigate all regulatory requirements related to use and any alterations.

HEATING SYSTEM (DISTRICT HEATING)

There is a centralised district heating system in place until 31 May 2027. After that each owner will be responsible for their own heating system.

The buyer should prepare for the implementation of a new system at their own cost and for costs after the transition period. During the transition period consumption will be billed based on submetering and the seller is responsible for the system’s operation.

ELECTRICAL SYSTEM (CENTRALISED ELECTRICITY)

There is centralised electricity distribution in use until 31 May 2027. After that the connections will be building-specific.

The buyer is responsible for implementing the electrical system at their own cost and for costs after the transition period. During the transition period consumption will be billed based on submetering.

RENTAL RELATIONS

There are tenants in the building and the rental agreements are valid until 31 October 2026. The rental agreements will transfer to the buyer and bind the buyer until the end of the contract period. Continuation of rental relations will be agreed separately between the buyer and the tenants.

BUYER’S RESPONSIBILITIES AND OFFER

The property is not suitable for a passive owner and requires active development, investment and maintenance. By submitting an offer the buyer confirms they have inspected the property and documents and understand the risks. The buyer may not later claim matters that were observable before making the offer.

The property is sold without warranty and no right of return applies.

MAINTENANCE AND OBLIGATIONS

The buyer is responsible for maintenance of the building and the area. Maintenance must not be neglected so that the area deteriorates or causes nuisance to others.

ZONING

Current uses in the buildings can continue. This has been confirmed by the building control authority. The buyer is, however, obliged to familiarise themselves with the applicable zoning plan, planning regulations and any current and future restrictions related to the property before making an offer.

If there are uncertainties related to the zoning or its interpretation, the buyer is advised to contact the local building inspector, who can provide more information on zoning and permitted uses.