Sale of an apartment block, City of Salo (Moisio), Salo

The City of Salo is selling an apartment building in Salo. The property is located in the Moisio district at Rummunlyöjänkatu 21, close to the diverse services in the town centre. The nearest grocery shop is approximately 500 metres away, Salo Market Square approximately 550 metres away and the shopping centre approximately 750 metres away. Salo railway and bus stations are less than 1 kilometre away on foot. The area's schools and day-care centres are also easily accessible within a short distance.

The building is located on property 734-7-5-15, with an area of 1,689 m². The land is leased for 30 years under standard land lease terms. The annual ground rent is €19,459, linked to the cost-of-living index figure 2332.

Electricity, water and sewer connections are included in the sale. The building is not organised as a housing company.

The four-storey apartment building, completed in 1964, has 37 apartments in two stairwells. The building's floor area is 1,196 m², of which residential apartments account for 1,125 m². The apartments are distributed as follows:

• 21 units, 27 m²

• 9 units, 44 m²

• 3 units, 31 m²

• 3 units, 23 m²

In addition, the ground floor contains a 71 m² two-room apartment with kitchenette.

Shared consumption data for 2025:

• electricity: 30.2 MWh

• water: 1,613 m³

• heating (district heating): 355.38 MWh (normalised value 401.01 MWh)

  
  

In 2025, the property's operating costs were approximately €68,000 (excluding the annual ground rent). The operating costs include, among other things, electricity, heating, waste management, property maintenance and property management costs.

At the current rent level, the property's calculated rental income is:

• Stairwell A: €6,070.01/month

• Stairwell B: €4,479.60/month

• Total: €10,549.61/month

The income stated above is based on a 100% occupancy rate. In addition, residents are charged a water fee of €10/person/month. Heating is included in the rent. The property also has six rentable garage spaces.

The tenancy agreements remain in force throughout the sales process and will transfer unchanged to any new owner.

Technical details of the building:

Land:

• Property identifier: 734-7-5-15

• Plot area: 1,689 m² (leased plot, City of Salo)

• Land use: YS (area for blocks for buildings serving social welfare and healthcare)

• Address: Rummunlyöjänkatu 21, 24100 Salo

Building features:

• Year built: 1964

• Gross floor area: 2,056 m²

• Volume: 7,580 m³

• Floor area: 1,196 m²

• Load-bearing structures: concrete

• Heating: hydronic central heating, district heating

• Mechanical ventilation

• Lift

Completed repairs and improvements:

• 2002: lift doors converted to automatic doors (improved accessibility)

• 2005: kitchen alteration on the ground floor

• 2012: refurbishment of apartments on floors 2–4

• 2012: replacement of windows on the south side

• 2021: replacement of windows on the north and west sides (floors 2–4)

• 2021: replacement of felt roofing

  
  

The property is sold in the condition and with the equipment in which it is at the time of the listing and completion of the sale. The buyer is advised to inspect the property carefully and review all available documents before submitting an offer.

Viewing:

Tuesday 24/11/2026 at 10:00 and

Wednesday 13/01/2027 at 15:00

Enquiries on weekdays between 09:00 and 15:00.

Electronic offers only via the Huutokaupat.com system.

PLEASE NOTE! A reservation fee of €10,000.00 (ten thousand euros) must be paid within 3 business days of the end of the auction to the account specified by the city. The reservation fee will not be refunded if the sale is cancelled for a reason other than one stated by the seller. No interest will be paid on the reservation fee.

Processing of offers

Offers made at the auction are binding. Failure to pay the offered purchase price and/or reservation fee within the specified period may result in liability for compensation.

If the bidder who has made the highest binding offer makes an unfounded offer, they must pay the seller a penalty of 20% of the bid price or, in any event, at least €3,000.00, in accordance with an invoice issued for the costs incurred.

PLEASE NOTE! Ownership and possession will transfer to the buyer on the terms stated in the deed of sale. The property maintenance agreement will not transfer to the buyer.