A plot is sold for the construction of apartment residential house in the centre of Yaroslavl’ with an up to 40% discount

On 18 December at the Electronic Trading Platform of the Auction House of the Russian Federation (ETP AHRF) the second biddings will be held (descending price auction) for the sale of a land plot with an area of 5.9 thousand sq. m for the construction of residential house in Yaroslavl’.
The territory is located in 10-minute distance from Yubileyny Park (Anniversary Park) and the Culture Centre Named after Dobrynin. Within walking distance there are all necessary objects of social infrastructure: kindergarten, school, hospital, pharmacies, grocery stores, cafes, banks and so on.
Address: 28A, Lenin Avenue, Yaroslavl’.

Earlier the Object was sold at a minimum price – 170 million rubles. For today the minimum price is reduced by 40% and now it is 100 million rubles (about 17 thousand rubles per 1 sq. m).

The sale is carried out on behalf of LLC Creative (a subsidiary structure of LLC Sberbank Capital). The Object was transferred as property to LLC NRK Active as a reimbursement for an unpaid credit debt, issued by Sberbank to Company Patio in due time.

On the plot an uncompleted 7-story residential house with an underground parking is located. The house is designed for 110 apartments with a total area of 7 thousand sq. m.
The house construction was carried out by CJSC Company Patio on the basis of Construction Permit № RU 76301000-285-2012 of 03/07/12 without involving money resources of shareholders.

“De jure for sale offered only the land plot for development. But in future an owner can determine a further fate of a residential house by the agreement with a developer – CJSC Company Patio: to purchase rights for uncompleted residential house, then to put it into operation and to sell apartments, which cost can be about 45 thousand rubles per 1 sq. m”, – tells Olga Zheludkova, Head of Department for Work with Troubled and Non-Core Assets of Banks of AHRF.

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