59 m² commercial / office space in Kuopio, potentially double‑digit rental yield, Kuopio

Now by auction there is an opportunity to acquire a profitable and versatile commercial space in Petonen, Kuopio. For sale is a 59 m² office or retail space at Petosentie 7, Asunto Oy Kuopion Petosen Puisto.

The premises are currently vacant and immediately available to the new owner. A clear and functional layout allows flexible use and adaptation to different needs. The space also includes a private WC and a practical kitchen corner. The property is well suited for an investor to rent out or for an entrepreneur's own use, and it serves well as an office, professional practice or other business.

If the space were rented for example at €600/month and the hypothetical purchase price were €25,000, the yield would be very strong, roughly 14–17%. With 70% leverage, a 20‑year loan and a 2.95% total interest rate the property produces clearly positive cash flow and a high return on equity. The yield calculation is provided to illustrate the cash flow and yield potential.

The premises are located in a well‑maintained, debt‑free housing company completed in 1997; there are no company loan shares attached to the unit. The maintenance charge is modest, only €5.00/m²/month, i.e. €295.00/month. This allows strong cash flow and excellent rental yield potential, which depending on the auction price can reach double‑digit figures. The true value will be revealed to the highest bidder!

The housing company consists of 36 residential units and one commercial unit. The building is in good technical condition and no significant renovations are currently planned. Heating is district heating, the building has a lift, mechanical exhaust ventilation and DNA building broadband. The company is not liable for VAT.

The Petonen location is practical for business. The area has a lot of residents, comprehensive daily services and good public transport connections. Nearby are Petonen shopping centre, Lidl, S‑market and K‑supermarket, as well as a health centre, library and the Lippumäki sports and swimming centre. Kuopio city centre is about 10 km away and the Matkus shopping centre is about a five‑minute drive. Kuopio is a strong and growing university city with about 126,000 inhabitants, which also supports demand for commercial premises.

Housing company As Oy Kuopion Petosen Puisto

Type: Apartment building, basement + 6 residential floors

Year built: 1997

Address: Petosentie 7, 70820 Kuopio

Buildings: 1

Residential units: 36 (office and clubroom 1)

Underground parking spaces: 15, parking spaces are on separate shares

Lift: 1 lift

Charges: Maintenance charge: €5.00/m²/month

Maintenance charge for garage: €1.25/m²/month

Operating costs: Water advance €25/person/month, Cold water €7.50/m³, Warm water €12.80/m³, Sauna booking fee €20/month, Parking space rent €20/month

Heating: District heating / water‑circulated radiator heating

Ventilation: Mechanical exhaust ventilation (apartment‑specific)

Construction and surface materials: Reinforced concrete frame (prefabricated elements), Facade: render + paint, Ground/floor structure: on‑ground concrete base, Roof: flat roof / bitumen felt covering

Plot: Leased plot (Ralex Group Oy and Pallo Ilmaa Golf Lounge Oy), Area 1,876 m², Annual ground rent €14,400, Agreement ends in 2075

Connections: Antenna system: Cable TV (DVB‑C), DNA building broadband

Common areas: Maintenance and technical rooms as well as possible shared facilities and parking spaces located on the property grounds.

Maintenance needs assessment 2025–2029

The seller will carry out the following repair works during spring–summer 2025

• Replacement of apartment doors and maintenance painting of stair doors & stairwells

• Apartment renovations (maintenance painting, installation of laminate flooring, etc.)

• Replacement of floor coverings in 5 bathrooms

• Yard area repairs: cleaning of concrete paving, repairs to wooden fences, maintenance repair of stone wall + installation of a rainwater diversion sheet

Other estimated maintenance needs 2025–2029

• Replacement of the district heating plant, balancing of the heating network and replacement of radiator valves

• Annual inspections of the roof and maintenance/repairs as needed

• Renewal of facade element joints

• Maintenance of apartment windows: check/replace opening mechanisms and long‑closing devices if necessary. Inspect and replace window seals. Maintenance painting of internal wooden parts (frames/sashes) where needed

• Installation of drip trays under kitchen sinks (recommended)

• Cleaning and adjustment of ventilation ducts

• Sealing test for the civil defence shelter

Maintenance and alteration works carried out in previous years

• Lift major overhaul 2023

• Renovation of the cold garage 2023

• Civil defence shelter 10‑year inspection 2018

• Locking system renewed 2017

• Ventilation cleaning and adjustment works 2017

• + maintenance works according to the service programme

Place your bid and secure a profitable commercial space in Kuopio!

Contact

Sijoitusasunnot.com Group Oy

Matti Honkasalo

0414392489

matti.honkasalo@sijoitusasunnot.com