Business center of class B is for sale on the territory of the former Red Banner Factory in St. Petersburg. Price is 40 thousand rub./per sq.m.

On October 30 the Auction House of the Russian Federation (AHRF) will hold auctions on the electronic trading platform of ETP AHRF - Lot-online for sale of a four-storey business center of class B «Tusar» with the area of 4.9 thousand sq.m. and a land plot of 2.7 thousand sq.m.

Business center is located in the most dynamically developing part of Petrogradskaya Side, in 10 minutes from Chkalovskaya metro station, at the intersection of Pionerskaya Ulitsa and Korpusnaya Ulitsa. Large transport highways pass nearby: Bolshoy Prospekt P.S., Pesochnaya Embankment, Zhdanovskaya Ulitsa, in 5 km. - WHSD.

Address: 25H, Ulitsa Krasnogo Kursanta.

The immediate environment is mainly represented by residential and administrative and business development. Nearby there are several office projects of different classes: IT Park, Trinity, Chkalovsky, Red Cadet and Pioneer.

The building is a part of the complex of buildings of the former knitting and stocking factory Red Banner.

The object is in excellent condition, currently all the areas of the building are fully rented out.

The adjacent area has its own parking for 24 cars.

The starting price of the lot is 200 million rub.

The auction will be held on behalf of the Deposit Insurance Agency (DIA) as part of the bankruptcy of the bank Tusarbank JSC.

«The territory of the Red Banner weaving factory, where the building is located, is gradually being redeveloped. The building put up for auction is interesting, first of all, because it does not require additional investments. The business center is completely ready for renting out. Moreover, it is already filled with tenants who will be interested in prolongation of contracts with the new owner. On the whole, the Petrogradskaya Side of the city faces a shortage of quality office lease offers. There are practically no new business centers, or they are fully occupied. Our object is a class B business center, it is one of the most popular formats among tenants in terms of price/quality ratio. In addition, the lot also includes a land plot, where the business center's parking is located. Taking into account that the problem of parking spaces for the Petrogradskaya Side is especially urgent, it is a very significant advantage. As for the cost, the starting price of the object at the auction is 200 million rubles, i.e. 40 thousand rubles per 1 sq.m. This is more than a competitive price. The average cost of similar projects in this location is 60-80 thousand rub./per sq.m.», - says Julia Akimova, head of the Sales Department of AHRF.