For sale offered a headquarters of the Vant Construction Concern in Rostov-on-Don

On 11th April, 2019 the Auction House of the Russian Federation (AHRF) scheduled an auction for the sale of 10-story administrative building in the centre of Rostov-on-Don – a former office of the Vant Construction Concern.
Currently the Object is Sberbank property and is sold as a part of the Agreement with Sberbank.
The Object address: 2a, 50th anniversary of Rostselmash Str., Rostov-on-Don.
Area – 6.1 thousand sq. m (rentable area – 5.5 thousand sq. m).
A land plot with an area of 1,432 sq. m, rented until 2054.

The biddings will be held in Dutch format, it will be a descending price auction.
The starting price – 104.2 million rubles.
MINIMUM price – 72.3 million rubles.

The building is in good condition and fully ready to be rented. Year of construction – 2003.
Office repair is carried out, which allows using the Object without additional investments as Business Centre of C class.
On the adjacent territory parking spaces for 20 cars are available.

The Object is provided with all engineering services and utilities: contracts for power supply, heating, cold and hot water supply, sewege are made. Own transformer substation is available.

The building is located in the first line of 50th anniversary of Rostselmash Street, at the intersection with Trolleybusnaya Street, in close proximity to public transport stops.
The adjacent territory is being developed as social and business urban block of buildings. In nearest proximity large business centres (Forum 2, Poisk, Alfa-centre, Centre-Invest Bank, visa centre and others) and other object of administrative purposes are located.

“This Object is well located from the point of view of combination of business and transport flows. Upon reaching the minimum price during Dutch auction, the cost of one square meter of an office building with repair will be 12 thousand rubles. This is undoubtedly an attractive offer for market participants. Considering, that the weighted average rental rate in the specified area is in the range from 300 to 700 rubles for one sq. m, this Object can generate a constant cash flow in the range of 17-22 million rubles per year after deducting maintenance costs. Thus, the payback period of the Object can be 4–5 years”, – comments Yulia Akimova, Head of head of Separate Division in Krasnodar.

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