Ready rental business in the center of Saratov city with payback period up to 4 years is for sale!

The Auction House of the Russian Federation (AHRF) will hold auctions on behalf of the subsidiary company of PJSC Rosseti - JSC NIC EES, on May 22.
Non-core property of the company - a six-storey class C office building with a total area of 4.5 thou sq.m. (leasable area - 3.2 thou sq.m.), with a garage of 131.7 sq.m., with the right to lease (until 2061) a land plot of 2.8 thou sq.m. in the center of Saratov city is put up for sale.
The object is located in the business part of the city, 15 minutes from the railway, river and bus stations. In close proximity are the main highways - Sokolovaya and Astrakhanskaya streets.
The nearest surroundings are represented by residential and public and business buildings. Nearby there are chain grocery stores, cafes, medical centers and offices.
Currently, 94% of the leasable areas are leased out at average market rates. Annual rental income is approximately 16 million rub.
There is parking in front of the main entrance and in the yard.
The auction will be held under the Dutch scheme (downwards) on the electronic trading platform ETP of the AHRF - Lot-online.
The initial price is 122.8 million rub.
The cut-off price is 61.4 million rub.
«This offer can be characterized as high-quality commercial real estate in a good location. The potential investor has an opportunity to purchase the object with 50% discount, reducing the payback period to 4 years. Taking into account that the building is almost fully leased out, the investor will be able to generate income almost immediately», - says Natalia Harlanova, director of the Volga Region branch of the AHRF.