Description

Residential three-storey house is situated in the historic centre of Hamina, just 300 metres from the town Hall. The property enjoys stunning views of the town hall and the Church.

House 1960 is in good condition. In the house with total area of 900 m2 is 8 apartments, a sauna, and households. premises.

The layout of the building:
Ground floor: sauna, pantries, utility rooms, Laundry, host, heating, electrical.
First floor: one bedroom apartment (47 m2), Studio apartment (25 m2), four-room apartment 86 m2).
Second floor: one bedroom apartment (48 m2), Studio apartment (25 m2), four-room apartment 104 m2).
Third floor: one bedroom apartment (58 m2), five-room apartment (127 m2) with views of the historic centre on one side and the sea on the other.

In 2012-2013, the lessee were as follows:
-eyeliner fiber-optic cable for high speed Internet
-replacement of electrical wiring on modern
-installation of modern ventilation systems
-repair Windows
cosmetic repair of all areas
-partial replacement of plumbing, appliances and other small work.
In the same period the owner of the work was done in regenerative repair of weirs (warranty 15 years).
This facility is a great option for investment.
At the moment, the whole house is rented by the administration of the city of Hamina. The building is organized family care center and kindergarten.
The amount of rent is 5.040 Euro/month.,
from 01.01.2015 year, the rent will be 5.292 Euro/month.
(The rent is indexed annually not less than 5%, a fairly high percentage for Finland)
The lease entered into before 01.07.2017 in the future is indefinite, when terminating party shall notify at least 3 months.

Costs:
The lessee pays the bills for electricity, water, cleaning of adjacent areas (including snow), and shall carry out at his own expense minor repairs.
The owner pays the heating bills, insurance, real estate tax and accounting services, about 1000-1200 euros/month. The cost of ownership can be reduced by keeping their own accounts and pay bills themselves.

Advantages of object:
-availability of own land
the versatility of the building (the ability to use as residential and commercial real estate)
-currently tenant is the administration of Hamina, which eliminates the possibility of bankruptcy or cessation of business during the term of the lease.

Possible options for future use of the building:
To leave the current tenant and receive the rent
To reconstruct the building for luxury residential apartments with the subsequent sale or a higher rent.
To remodel the building into a hotel (in the city of Hamina only two hotels with a very limited number of places) and operated as a hotel by yourself or through a service company.