A scandal-ridden property on Bazhov Street, Ekaterinburg, is being sold at auction, with a price tag of 500 million rubles.
The Swanky "Bažov House" Apartment Complex Hits the Auction Block
Get ready to bid! The much-anticipated "Bažov House" apartment complex, estimated to be worth a steep 512 million rubles, is up for grabs at an upcoming auction on July 10. Currently, the building is 68% complete.
But wait, there's more! A prime land plot spanning 1,608 sq. m is also up for grabs, priced at 38 million rubles. The land sale auction kicked off on June 5, only to be put on hold, according to JustMedia.ru.
You can find the listings for these coveted properties on the auction house's website, "Torgi.ru". Director Andrey Okulov has expressed his concern, stating that splitting the lot is against the law—the building and land should be sold together. Plus, the successful bidder will need to conduct an expert assessment to ensure the building's construction can be completed.
Remember the "Karnel" office complex that lay abandoned in the city center? It was scooped up by the company "Brusnika" for close to a billion rubles, with plans to turn it into a swanky residential complex. They've even unveiled their vision for the revamped building.
Speaking of drama, it looks like things got heated at a notary office in Yekaterinburg. Reports suggest that reps from the developer and general contractor of the "Bažov House" business-class apartments got into a scuffle, leaving three visitors rattled. The melee reportedly took place over a power struggle for control of the long-neglected project in the city center at Bažova, 166.
Stay tuned for more updates on these exciting real estate developments!
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- Interested investors might want to explore the finance options for bidding on the incomplete "Bažov House" apartment complex and the accompanying land plot, estimated to be worth a combined 550 million rubles, at the upcoming auction on July 10.
- The ongoing legal dispute in the real-estate industry, such as the scuffle between the reps of the developer and general contractor of the "Bažov House" over control of the long-neglected project, highlights the complexities and challenges in the business-class apartment market.
- General news outlets like JustMedia.ru reported on the crime-and-justice angle of the ongoing power struggle for the "Bažov House" project, with both parties seeking justice as they aim to move forward with the business and real-estate ventures.
