For sale offered 57.9 ha for the construction of low-rise residential complex in Kaliningrad Region

On 29 September at the Electronic Trading Platform of the Auction House of the Russian Federation (ETP AHRF) an auction will be held for the sale as a single lot of five land plots with the areas from 6.4 to 28.4 ha.

The territory located near Lugovoye cottage settlement, nearby Lugovoye-Novoye railway station. In close proximity there is one of the main highways – A-196 Highway (Kaliningrad-Pravdinsk, along which the way to the centre of Kaliningrad will take not more than 25 minutes.
Address: to the west of Lugovoye Settlement, Gurievsk District, Kaliningrad Region.
The plots belong to Ж1 territorial zone, where individual housing construction is permitted, the height restrictions are up to 15 m, a ultimate number of over ground floors is three.
A possibility of connection to engineering services and facilities (gas supply, water supply and electric power supply) is available.

The starting price is 131.6 million rubles.
“The territory is located in a dashingly developed suburb of Kaliningrad, near Lugovoye Settlement. There transport and social infrastructures are well developed, in walking distance there are a forest area and Pregel River.
In the future this district can become a part of Kaliningrad, which will doubtless positively influences a local real estate market.
For an investor this Lot is a nice possibility to carry out an integrated project of a low-rise residential development, townhouses”, – comments Olga Zheludkova, Head of Department for Work with Troubled and Non-Core Assets of Banks of the AHRF.

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