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Administrative Building

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The property for sale varies in height between 2 and 3 stories. It was renovated in 2002 and is composed of three historical buildings which are connected together by a glass roof. The lobby of the structure is the square between the historical buildings that is now covered by the glass roof. The elite location and unique architectural design can be used as an office center, bank headquarters, restaurants or boutiques.  At the end of the 19th and beginning of 20th centuries, the building hosted the stores of famous (at the time) Japanese entrepreneurs such as Horie, Naotzo, Seno and Outa.

Surroundings

The property is located at one of the busiest streets in Vladivostok in the heart of the business district. The prestigious location of the property can be noted by observing its distance from key administrative centers of the region: 100 meters away from the regional Sberbank headquarters and 400 meters away from the administrations of both Vladivostok and Primorsky Krai. There are a number administrative buildings and shopping centers located in the district.

Potential rent rates with current state of the building

Potential rent rate: 900 rubles (approx. $26)/sq. m/month (VAT included)

Potential annual revenue: ~ 24 million rubles (approx. $0.71 milion)


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