2 land plots for redevelopment in Nevsky District of Saint Petersburg

The Auction House of the Russian Federation (RAD) is preparing for sale two adjacent land plots in Nevsky District with a total area of 5 thousand sq. m. for the construction of objects of social and business purposes.

Address: 2, Letter Б and Letter Ж, Bekhterev Sreet
Starting price – 182 million rubles.

Currently on land plots warehouses and industrial objects are located. Part of the available areas is leased and generates a steady income.
Connections to engineering services systems (heat supply, water supply, electric power supply, sewerage) are available.

The plots are located on the corner of Bekhterev and Crystal streets. In close proximity to them the development of territories of Nevsky Plant is being carried out. In an area of 30 he about 500 thousand sq. m. of housing and commercial real estate will be constructed.

“Lots belong to the zone of the old industrial belt of St. Petersburg, which in recent years is being actively developed as an area for redevelopment. With no possibility to carry out a new construction in the historic center, these former industrial areas have high investment potential for placing the commercial objects, and in the future residential buildings, in relatively close proximity to the city center. Now there is a possibility to purchase these plots at a relatively low price. An additional advantage of the objects is their current use – rental business – which brings a steady income to the Owner. In the case of a decision on development, lease payments can reduce the cost of the Investor at the concept design stage of works. However, in our opinion, under crisis it is not reasonable to increase Class classification of commercial areas available on the plots. Now more than ever the objects of B and Class are in demand”, – Dmitry Altbregin, Head of Department for Work with Private Owners.

For detailed information about the object of sale please see the website of the Auction House of the Russian Federation (RAD)