Functioning class A business center in Krasnodar put up for auction

On 29 November, the exhibition ends of the Development YUG business center, which is located near the city center of Krasnodar.
The 16-storey business center building of 13,900 sq.m., and the land plot of 0.12 hectares on which it is located are on deposit with Sberbank of Russia. The owner, the Development YUG building and investment corporation, has received the bank’s agreement for realization.
The object is being sold by public offering (with a reduction in the starting price) on the electronic auction platform of the Auction House of the Russian Federation (AHR) – Lot-online.ru. The lost was put up for sale in January 2013, when its starting price was 1.1 billion rubles. At the present moment the price of the lot is 500 million rubles.

Address: Krasnodar, Central District, 59/1 Moskovskaya Street.

The object is located in a park zone next to a premium class residential complex that is under construction, and from the windows there is a picturesque view of the woodland of the Chistyakovsky Grove. The building is located 10 minutes from the city center, and the eastern section is a zone of intensive development of the business life of Krasnodar.

 In the construction of the building – based on an individual design project – a high quality of finishing was used, and a classic concept of the interior with elements of classical style. The building is equipped with hi-tech systems of climate control, fire safety, and modern telecommunications equipment. There are conference halls and a café in the business center. There is also an underground car park with 200 spaces and an above-ground car park for 30 cars.

 “In our opinion, the combination of such characteristics as the business center’s location (next to the city center), convenient transport access, spacious bright interiors, good occupancy rate of lease holders and the price make the object attractive for potential investors. The cost of the building – around 35,000 rubles per sq.m. is at the lower margin of the market, even though the business center has no equivalents in Krasnodar!” comments Maria Konopitskaya, director of the Southwest office of the Auction House of the Russian Federation.