Business premises, Yrittäjänkatu 22, Mikkeli – Versatile commercial property in a good location, Mikkeli

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1 / 4Sold to highest bidder

For Sale

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Offered is a large and versatile commercial, office and warehouse property in a good location in Mikkeli's business area. The property is well suited for an investor, a company in need of space, or for phased development into a leased asset.

The property includes retail space, offices and one 56 m² apartment. Total floor area is approximately 2,670 m² and the plot size is 8,518 m². The building was completed in 1969.

Current occupancy is about 65%, so there is significant cash-flow growth potential through active leasing. Fully let, the estimated rental income is approximately €120,000–€140,000 per year.

The property is on a leased plot. The landlord is the City of Mikkeli and the ground lease runs until 14 November 2042. The ground rent is €12,429 per year.

Heating is district heating, with annual cost of about €32,000.

Property details

Address: Yrittäjänkatu 22, Mikkeli
Year built: 1969
Total floor area: approx. 2,670 m²
Plot area: 8,518 m²
Spaces:
- Retail space
- Office space, approx. 200 m²
- Storage space
- Apartment 56 m²
Occupancy rate: approx. 65%
Leased plot: City of Mikkeli (also responsible for any contaminated soil from previous activity)
Ground rent: €12,429/year
Ground lease valid until: 14 November 2042
Heating type: district heating
District heating cost: approx. €32,000/year
Estimated rental income if 100% let: €120,000–€140,000/year

The property offers a good combination of current cash flow and opportunities for value development and rental growth. The large plot also allows operational flexibility, for example for logistics, parking or business expansion.

Terms of Sale

The seller undertakes to sell the item to the highest bidder.

The item is sold as a transaction between users. Huutokaupat.com does not act as a party to the transaction.

Offers must be submitted by the stated deadline. The highest offer is the one the seller has accepted as highest. Bids can also be made in person at the auction by submitting an offer to the seller on site. The seller and buyer undertake to record all offers in the system. By placing a bid, the bidder accepts these terms of sale.

Inspection of the property

The bidder is obliged, before making an offer, to inspect the property, documents and records. The buyer may not later rely on any matter that could have been discovered during a prior inspection.

Information provided by the seller

The seller warrants that they have given the buyer all the information they know and that can be assumed to affect the sale.

Conclusion of sale

The sale of the property must be made in the form prescribed by the Land Code. The time and place for signing the deed of sale will be agreed with the buyer separately. The purchase price is paid at the signing. The fee for the authenticating official is paid half by the seller and half by the buyer.

Other costs

The buyer is responsible for the transfer tax in accordance with the applicable tax practice.

Withdrawal from the sale

A party that refuses to proceed with the sale must, under the Land Code, compensate the other party for reasonable costs incurred for advertising, inspecting the property and other necessary measures related to the sale.