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The administrative building up for sale is located in a prime location in downtown Vladivostok at the intersection of Mordovtseva and Okeansky Avenues. The structure was originally used for enlightenment and education activity of local Communist party branch.
Apart from the spacious hallways and offices, it also contains a large conference hall which may be used for presentations, conferences and other public events. The building is in good condition and can be put into use immediately upon purchase.
The purchase of this building also provides the lucrative opportunity to transform it into a modern office center via reconstruction activities.
The building is located in the business district of Vladivostok. There are a number of renown city infrastructural objects which are located within five-minute walking distance from the property: the “Fresh Plaza Class A modern business center, the “Hyundai” business-class hotel as well as one of the city’s largest shopping malls: “Clover House”.
Potential rent rate: 750 rubles (approx. $22)/sq.m/month (VAT included )
Potential annual revenue ~76 million rubles (approx. $2.25 million )/year
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