Moscow sells boarding house with yacht-club for $1,4 million

Moscow sells boarding house with yacht-club for $1,4 million
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The authorities of Russia’s capital city have put on auction 100% stake in a capital stock of LLC Pansionat Parus located in the Ruza district near Moscow, as it follows from a report of the Moscow Department for Competition Policy, which is an organizer of the auction.

A year-round boarding house is located in the village of Novovolkovo village, on the shore of the Ozernaya River. The total area of the property amounts to 3,200 square meters. Also, the entity leases a land plot of 11.6 hectares.

The lot includes two buildings with rooms, medical and administrative buildings, hydropathic establishment, garage, technical facilities. In addition, the boarding house has its own yacht club and tea house.

The property is under economic jurisdiction of REM state enterprise. Part of the building is pledged under mortgage agreements.

Initial price of the lot is 80 million rubles ($1,4 million). Bidding applications for participation in the auction are accepted until June 27, the auction is scheduled for June 30.