Foreclosed property with buildings in Virolahti, Virolahti

Item-specific terms of sale

How to submit bids

The lot will be sold by incremental bids in an online auction held on the www.huutokaupat.com website during 17 June–8 July 2026. Participation in the auction requires registration. The deadline for submitting bids ends on 8 July 2026 at 16:00 or three minutes after the last accepted bid.

The Enforcement Authority is not responsible for the operation of the service provider’s system. The highest bid is the bid that the service provider’s system has accepted as highest. The enforcement officer will separately decide on accepting or rejecting the highest bid.

The Enforcement Authority reserves the right to stop the sale or to extend the sale period.

If it is not possible to submit purchase bids through the Huutokaupat.com service, a prospective buyer may submit a written purchase bid to the enforcement authority, which will be included in the online auction as the maximum bid according to the automatic increment. The written bid must be signed and must state the bidder’s contact details, the maximum amount of the bid and the Huutokaupat.com lot number to which the bid applies. A written purchase bid is binding and the same conditions as for the online auction apply. The bid must be submitted no later than 6 July 2026 at 12:00 to the mailbox in the reception of the Enforcement Authority’s Kotka office, address: Vuorikatu 5 C, 48100 Kotka, or by e-mail to kouvola.realisointi.uo@oikeus.fi.

Bids made in the online auction are binding. If an accepted bid is made, the bidder is obliged to pay the offered purchase price within the notified payment period. Failure to pay the purchase price may lead to the buyer’s liability for compensation under section 25 of chapter 5 of the Enforcement Code.

Payment terms

Deposit

If the highest bid is accepted, the buyer must immediately pay a deposit equal to 20 per cent of the purchase price to the Enforcement Authority’s official account. The deposit cannot be paid by credit card. The Enforcement Authority will contact the bidder whose bid has been accepted. The highest bidder must state on whose behalf the bid was made. Otherwise the highest bidder will be considered the buyer.

Payment period

If necessary, time to pay the balance may be granted until 29 July 2026. The payment period must be agreed separately. If a payment period is granted, annual interest in accordance with section 3(2) of the Interest Act will be charged on the entire purchase price for the agreed payment period from the date of sale until the payment period expires.

If payment is not made within the time specified, the buyer must pay default interest on the entire purchase price in accordance with section 4(1) of the Interest Act until the purchase price has been paid or a new sale has been carried out.

Other information

The asset is foreclosed and will be sold by the enforcement officer by free sale, observing, as applicable, the general auction terms laid down in the Enforcement Code. The sales brochure is indicative and is not a comprehensive description of the lot.

Buyers are advised to familiarise themselves thoroughly with the lot, the sales brochure and the attached documents before making a bid.

The State has a pre-emptive right to purchase the property if acquisition of the property is necessary to ensure national defence, border control or border security, or to monitor or secure regional integrity (Act on the State’s pre-emptive right in certain areas 29.3.2019/469).

Persons from outside the EU and EEA may acquire real property in the territory of the State of Finland only if a permit has been granted (Act on the Conditionality of Certain Acquisitions of Real Property 29.3.2019/470). The buyer is responsible for obtaining the permit and for any obligations arising from it. More information is available on the Ministry of Defence’s website.