Detached house plot in Kaarelan Kuninkaantammi, plot 33412/2, Pitkäkoskentie 3, area 380 m², building rights 160 m², Helsinki

The City of Helsinki is leasing seven (7) detached house plots in the Kuninkaantammi Pitkäkoski area of district 33 (Kaarela) by open tender to the bidder with the highest accepted price offer. Each plot has its own auction lot, where bids are submitted. Bids may be submitted for each plot.

The city has the right to accept or reject the bids made in the price competition.

The bid is made for the total price of the plot. The initial annual rent is 3.5% of the offered plot price. After the initial annual rent period, the plot rent is tied to the previous year's average cost-of-living index.

Once the plot has been built to a completion state approved for occupancy by building control, the tenant may, for five years from the start of the land lease agreement, purchase the plot for themselves if they wish. The long-term lease agreement for the plot is made once a building permit has been granted for the plot. The offered price and the rent based on it will be increased if the floor area in accordance with the detailed plan, on which the offer is based, is exceeded. The tenant applies for a building permit with the landlord's leasing decision, which is valid for one year.

The lease includes an index adjustment for the first time 20 years after the start of the long-term land lease agreement. After that, further index adjustments are made at 10- or 20-year intervals, according to the tenant's choice. In index adjustments, the rent is compared with the Helsinki metropolitan area housing price index when determining the rent level.

A reservation fee of EUR 5,000 must be paid for the plot. After the reservation fee has been paid, a leasing decision is made for the plot, which allows the tenant to apply for a building permit. The reservation fee will be credited against the rents of the long-term land lease if the long-term lease is completed. Otherwise, the reservation fee will not be refunded.

More detailed instructions can be found in the attached Price Competition Brochure.