A building of Kuban Credit Bank is offered for sale in the centre of Abinsk

On 24th April the Auction House of the Russian Federation (AHRF) scheduled an auction for the sale of a two-storey building with an area of 1.2 thousand sq. m with a plot with an area of 2.1 thousand sq. m for commercial use, for example, a company’s headquarters, fitness club, shopping centre and others.
Address: 55, Internatsionalnaya Str., Abinsk, Krasnodar Territory.
The Object is located in the centre of Abinsk, near the city Authorities and the District Court. Nearby there is the main city arterial road – Sovetov Street, converting in A-146 Federal Highway (Krasnodar-Verkhnebakanskiy), in a distance of 1.5 km there are the railway station and bus stations.
Currently the office of Kuban Credit Bank is located in the building, earlier a branch of the Pension Fund was located there.

The starting price – 25 million rubles.
The sale is carried out on behalf of Kuban Credit Commercial Bank.
The biddings will be held at the ETP AHRF.

“A happy location gives a future investor ample opportunities on using the building: to open a representative office, shopping or business centre, and to refit a garage box, located on the territory, for a car repair shop.
Taking into consideration a rent rate in this district, the Object can be profitably rented. Income can be as about 4.5 million rubles per year”, – comments Yulia Akimova, Representative of the AHRF in Krasnodar Territory.

For reference:
The AHRF the Representative Office in Krasnodar Territory was opened in September of 2017. One of the largest deals became the sale of Cascade restaurant in the centre of Sochi as a part of bankruptcy. The amount of the deal was 216.1 million rubles.
Currently the Representative Office of the AHRF in Krasnodar Territory carries out an active work to involve different banks in cooperation for selling of non-core, pledged and troubled assets. The Representative Office has already been working with Sberbank, Krayinvestbank, CDB Bank, Gazprombank and Baltic Bank, as well as with regional subdivisions of large state companies and the state corporations.

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