Nöykkiönpuro 19, Espoo, Espoo

Development site with potential, an excellent opportunity for a builder or property developer!

The property for sale is a leasehold.
Situated in the peaceful, predominantly detached-house area of Nöykkiö, the 3,650 m² leasehold plot offers excellent conditions for a new project.
The plot can be purchased for €345,000 (under the current zoning regulations).

Current local plan: AL-1, building right 720 gross m², of which up to 150 m² reserved for a detached house.
Options:
Apply for a zoning amendment or a minor change of use by a special permit.
Note! bidding / making an offer is at the so-called zoning risk.

Area strengths:
Predominantly detached-house and highly regarded Nöykkiö residential area.

The plot includes an office building built in 2000–2001 (gross floor area 599 m²) and a carport (79 m²).
Premises are sold partly let; a condition survey was carried out in January 2024.

Address: Nöykkiönpuro 19 / Mikontie 1, 02300 ESPOO
District: Nöykkiö
Year of completion: 2001
Number of storeys: 2
Gross floor area: 599 m²
Volume: 1,915 m³
Structure: steel columns and beams, intermediate floors of hollow-core slabs.
Façade with brick cladding.
Gable roof, metal covering.
Mechanical ventilation with heat recovery (MVHR).
Oil-fired central heating, water-circulated underfloor heating.
An exception permit has been granted for the building regarding the number of storeys. Final inspection for both buildings on 13/09/2001.
A condition survey was carried out on 25/01/2024.
Key observations / recommendations: Replace the oil central heating, e.g. with geothermal heating or an air-to-water heat pump.
Inspect drainage during the summer season. Renew façade movement joints.
Clean the roof covering. Repair roof penetrations for the ventilation exhaust.
Patch the underlay roofing, clean and touch up eaves boarding.

Energy class: F2018, energy certificate valid until 21/02/2034.

The property has several tenants.
Rents from 01/08/2026 amount to €2,700.97/month, VAT 0%.
Tenants are invoiced every three months for cleaning and electricity, approx. €800, VAT 0%.
In the previous financial period premises expenses were -€29,892.37.
Management services -€5,529.80

Plot:
Leasehold plot, identifier: 49-30-194-1-L1.
Area 3,650 m²
Lease agreement valid until 30/04/2029. Lessor: City of Espoo.
The plot can be purchased for €345,000. Offer valid until 31/01/2027.
Condition: an additional purchase price is payable if the plot's use changes or building rights increase due to a zoning change or special permit within 10 years of the sale.
Possible to negotiate converting the office building to residential use.
The city may, if it wishes, approve by special permit the conversion of office premises to residential use on the grounds that it promotes the circular economy and low-carbon solutions.