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Garden pavilion on Arbat put up for sale under One Ruble Per Meter program

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Garden pavilion on Arbat put up for sale under One Ruble Per Meter program

A garden pavilion at Lopatin’s mansion on Arbat Street located in historical center of Moscow is put on auction for the right to lease, the press office of the Department of City Competition Policy reports on Tuesday.

The investor will have to recover this site of cultural heritage, after what it will obtain the right for a long-term lease under the program titled “One Ruble Per Square Meter”.

The garden pavilion with an area of 22 square meters is situated at the address of Pereulok Sivtsev Vrazhek, building 42 / 5 and currently is in a dilapidated condition. The building’s northern and western walls are destroyed, while doors, windows, column pillars, stairs and decorative ornaments are lost.

All necessary utility lines need to be laid. The repair and restoration activities must be completed within 4,5 years. After the site is put in operation, the investor will receive the preferential right to lease for 1 ruble per square meter for a term of 49 years.

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