An office building in Arbat is offered for sale

On 17th January the Auction House of the Russian Federation (AHRF) will hold an auction on behalf of Rosimuschestvo (Federal Agency for State Property Management). For sale are offered 100% block of shares of the “Air Transport” Central Publishing House JSC from the Forecast Program of Privatization for 2017-2019.
The Company is engaged in renting out its own real estate. The main asset is office two-storey building with an area of 842.1 sq. m with a land plot (the area is 877 sq. m), in the centre of Moscow, in 10 minutes from Smolenskaya and Barrikadnaya subway stations.
Address: 30A, building 2, Trubnikovskiy Lane.
The building is located in the heart of the block of buildings. It is situated on a fenced protected area. The nearest surroundings are mainly objects of administrative and social purposes (embassies of foreign countries, educational institutions, museums).

Currently the building is completely rented by the MONOLIT Ltd until August, 2020. In accordance with the Contract terms annual rent income is 9.5 million rubles.
In the building a repair was carried out.
The starting price is 100 million rubles.
The biddings will be held at the ETP AHRF Electronic Trading Platform.

“In fact, for sale is offered the office building with acting tenant, i. e. a ready rent business. Location does not need any special presentation. Real estate around Arbat is in demand for all time. An investor can regard a purchase as a beneficial investment, having income while renting it out, or open there his own office. The investor also can consider a possibility of the Object redevelopment. There are no any preservation orders regarding the building. And the market value of 1 square meter both of residential and commercial real estate in that district is one of the highest in Moscow”, – thinks Oksana Vologzhanina, Head of Department for Privatization of the AHRF.

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