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MIL OSI Translation. Region: Russian Federation –

Photo: mos.ru. Maxim Denisov

Building with an area of 1818 square metres is only a seven minute walk from the metro station “Smolenskaya” — almost at the intersection of New Arbat Avenue and Novinsky Boulevard.

The two-storey building with an area of about two thousand square meters, located on Novy Arbat street, you can rent for five years through public auction. This was stated by the Deputy Mayor of Moscow for economic policy and property and land relations Vladimir Yefimov.

Building with an area of 1818 square metres is a seven minute walk from the metro station “Smolensk”. Near the cinema “October”, numerous shops, cafes and restaurants. The building is almost at the intersection of New Arbat Avenue and Novinsky Boulevard.

“The rental rate for one square meter at the start is 14 100. Given the location and technical characteristics of the building, the investor can expect a fairly quick payback. In addition, the building is ready for further operation, the wear process is only 37%, there is full connectivity to all the utilities,” — said Vladimir Yefimov.

According to the head of Department of Moscow on competition policy Ivan Shcherbakov the most important plus of the building is its location. On Novy Arbat is always a high concentration of tourists and residents of Moscow.

“This is one of those factors, which attract investors participating in the auction. Traditionally, the lease of the facilities located in the centre, expect seven or eight members, which once again confirms the demand for these locations. The purpose of the lot is already wide enough — the auction winner is requested to open a restaurant here, or you can place objects of trade”, — said Ivan Shcherbakov.

Now the building is in the operational management of GBU EVADE. To apply for participation in the auction until March 6. All lot documentation available on investment portal of the city of Moscow.

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EDITOR’S NOTE: This article is a translation. Apologies should the grammar and or sentence structure will not be perfect.

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