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Pool of 6 properties in Central Moscow for reconstructiVictoria Park
Moscow Hotel ***
Victoria Park
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Description: Location: Khodynka area Land size: 0,7 hectares Terms of use: Land lease for 49 years Buildings and constructions: 3 four-storey buildings which are rented out, total size 3300 m2. In further they will be demolished and it is intended to build there 30000-40000 m2 of office rooms. At present the existing building are rented out for $1000/1m2 at average. Price: $30 000 000 Additional information: Our partner in Moscow will be responsible for initial and permissive documentation which will cost $100/1m2. The project cost will be $2 000 000. Project preparation and registration time – maximum 1,5 years. So, in total at first stage it is necessary to invest about $5 000 000. This money will be returned with lease of 3300 m2 which have been rented out already. |
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