Commercial real estate is for sale The Garden Ring for 128 thousand rubles/m2

August 2, the Russian Auction House (RAD) will hold auctions on behalf of JSC "RZD-HEALTH".
A four-storey building of 1.6 thousand sq.m. with a land plot of 772.3 sq.m. in the center of Moscow, in 10 minutes from the metro station Kurskaya is for sale.

Address: 8, Staraya Basmannaya Street, Moscow.

The nearest environment is mainly represented by low-rise residential and public business buildings. Opposite is one of the most cult theaters of Moscow - Gogol-Center, in walking distance there are cultural centers Art-Pley and Winzavod, as well as higher education institutions.
Features of the location allow the investor to make redevelopment by implementing a commercial project, for example, an office center or apartment complex.
The initial cost of the lot is 205.3 million rubles.
The auction will be held on the electronic trading platform of ETP RAD.
"The Basmanny district is developing rapidly. Over the past few years, demand for real estate in this area has grown significantly and, accordingly, the cost per square meter has increased. Prices continue to rise. Taking into account this fact, the buyer has the opportunity not only to realize his project here, but also to invest profitably. Now the object is sold for only 128 thousand rubles per "square" - it is the minimum price for such objects", - says Elena Tarasova, the head of the department for work with state corporations.
Detailed information about the object of sale can be found on the website of the Russian Auction House (RAD):