The plot on Robespierre embankment, 32, in St. Petersburg, again offered for sale

On 24 September the Auction House of the Russian Federation will hold on the Baltic trading platform an auction for sale of the land plot for construction of residential house on Robespierre embankment, 32, letter A. Bidding will take place within the frameworks of the bankruptcy procedure of LLC “ The First Design Company”.

Starting price – 171.3 million rubles.
Land plot area - 1.3 thousand sq. m.

According to preliminary evaluation the useful area of the future residential building could not be less than 7.0 thousand sq. m.
An urban development plan for the plot is available, specifications for connection of the object to engineering and utility networks are obtained.

The responsibilities of the Owner include the necessity to construct a residential building on the plot within 42 months from the date of the auction.

Negotiations on the inclusion of this item in the auction terms were carried out by the Auction House of the Russian Federation with Smolny. As a result of the agreement achieved the Lien Creditor – Sberbank of Russia – included the aforementioned term in auction documentation. Monitoring of the construction progress and execution of terms of works will be carried out by the Committee for State Property Management of St. Petersburg.

The land plot is located in the historic center of St. Petersburg, in the grand, palatial its part, on the Neva River embankment, near the Summer and Taurian Gardens. The nearest highways are Liteyny avenue and Robespierre embankment. The nearest metro station – “Tchernyshevskaya” and “Lenin Square”. The unique location of the object allows to constract there a housing premium of premium class.