Rosseti put up for sale non-core property in the city of Rostov-on-Don

The Auction House of the Russian Federation (AHRF) will hold biddings on behalf of NIC EES JSC of subsidiary of Rosseti PJSC, on January 17.
An eight-storey office building with the area of of 8.2 thousand sq.m. with a land plot of 4.6 thousand sq.m. in Zheleznodorozhny district of the city of Rostov-on-Don is for sale.
Address: 4, Litvinova street, Rostov-on-Don.
The object is located in close proximity to one of the main city highways - Stachki avenue. At 150 m. is Druzhinnikov square, 2.5 km. is the main railway station.
The immediate surroundings are mainly represented by multi-storey residential buildings with commercial premises on the ground floors, office and retail facilities (Sokol Shopping and Entertainment Center, Otkritie Bank office, Russian Post office, Pyaterochka and Magnit food chain stores, etc.).
The building is in good condition and has its own parking.
Currently, most of the building is leased at average market rates. The annual rental income is about 30 million rub.
The initial price is 274.3 million rub.
The auction will be held on the electronic trading platform ETP of the AHRF - Lot-online.
«Successful location allows to effectively use the object as a rental business. The building has been renovated. After the reconstruction it is possible to use the object as a hostel or hotel, as well as for such new directions as co-working or business incubator, it is possible to organize art-space», - says Evgeniya Kudina, Director of the Southern Branch of the AHRF.