5,000 sqm of non-residential space is put up for auction in Moscow

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5,000 sqm of non-residential space is put up for auction in Moscow
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Moscow department for competition policy has put up for sale more than 5,000 square meters of vacant space, the body's press office said on Tuesday.

In total, 8 non-residential real estate items were put up for auctions, which are located in five administrative districts of Moscow — the central, north-western, north-eastern, west-eastern and south-eastern administrative districts. Each item has an area from a few hundred to more than a thousand square meters and is in good technical condition. Separately worth noting that there is a high transport accessibility of the real properties since all of them are located in residential buildings near metro stations.

The head of the department Gennady Degtev also highlighted some other advantages of the lots put up for auction: “The new owners will only have to carry out cosmetic repairs. The items are connected to the engineering networks, almost all are located within walking distance of the metro”, he explained.

The initial price of the lots is 62,000 rubles per square meter, which is much lower than the average price of similar premises in residential buildings in the free market of Moscow.