Office building in the city center of Rostov-on-Don is for sale

The Auction House of the Russian Federation (AHRF) will hold auctions for sale of non-core assets of JSC NIC EES (a subsidiary of PJSC Rosseti), on March 27
An eight-storey office building with a total area of 7.7 thou sq.m. (leasable area of 4.8 thou sq.m.) with a land plot of 4.4 thou sq.m. is put up for sale. The building corresponds to class C of the real estate office classification.
Currently, about 70% of the building area is leased out.
The object is located in the city center, in the area of high business activity, near the Don river embankment. At 1.5 km. is the main bus station, within 800 m. are Voroshilovskiy and Temernitskiy bridges.
The nearest surroundings are mainly represented by public, business and residential buildings.
The initial price is 290.8 million rub.
The auction will be held at the electronic trading platform ETP AHRF - Lot-online.
«Undoubtedly one of the main advantages of the object is its location in the city center, near the promenade. It is a place with very high potential for business development. At the moment most of the building's areas are leased out for offices. The potential investor can significantly increase the efficiency of the use of the areas by carrying out modernization. This will allow developing a new format here, for example, coworking or business incubator», - says Evgenia Kudina, Director of the Southern Branch of the AHRF.