For sale offered a land plot for construction of a high-rise residential building

03.05.2017
For sale offered a land plot for construction of a high-rise residential building

On 15th, June at the Electronic Trading Platform of the Auction House of the Russian Federation (ETP – lot-online.ru) biddings will be held under bankruptcy proceeding of CJSC the GALS Special Design and Engineering Bureau.
For sale offered the land plot with an area of 1 ha in Central District of Vyborg, Leningrad Region. The territory located near Gagarin Street, which connected the city center with town gates; in 700 m there is the Leningrad Highway.
Address: 17, Phizkul’turnaya Str.

The nearest development is mostly residential, social and business projects. Right opposite the Central Recreation and Entertainment Park named after Kalinin, where local residents like to relax, is located. In 10 minutes there is the Bay of Vyborg Embankment. In walking distance all necessary infrastructure objects (kindergarten, school, hospital, pharmacies, grocery stores, cafes, banks and others) are situated.
The starting price – 123.9 million rubles.

According to the Land Use and Development Regulations the land plot located in ТЖ-3 territorial zone, that allows using of the plot for construction of an apartment building. A limiting height of the building in accordance with the Town-Planning Regulations for this territorial zone is 28 meters (up to 9 floors).

Currently on the plot a five-storey C class business center built in 1986 is located. The building area is 8,893.8 sq. m. About 30% of all areas are rented for offices on a short-term basis.

“Vyborg combines a comfort of a city, having the whole infrastructure necessary for a comfortable life, with a unique nature of Karelian Isthmus. Nearby there are the Bay, many parks, including the Mon Repos Park, protected by the UNESCO. A vicinity of the Finland border will make happy the keen travelers round Europe.
Considering a high demand for a residential real estate in Vyborg, as well as its good location and development dynamics, this offer is a nice possibility for investor to carry out a quality residential project in the centre of the city.
With relation to the fact that currently a business center is operating on the plot, a buyer can use it for its direct purposes until he agreed the urban planning documentation necessary for a new project”, – tells Olga Zheludkova, Head of Department for Work with Non-Core and Troubled Assets of the Banks.


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

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