Ministry of Finance and Economy
of Ajara repeatedly announces an auction for the sale of the former building of
the National Bank of Batumi and its surrounding inventory.
In total 2623,4 sq.m of non-residential space owned by
the Autonomous Republic of Adjara, in Batumi.
The electronic auction will be announced on 40% discount for privatization.
The starting price of the auction is GEL 9 000 0000 that
will last till November 16.
The real estate has a status of cultural heritage
Under the terms of
the auction, no less than GEL 12 000 000 should be invested within 24 months
after the contract is concluded. At the same time, the buyer is obliged to employ no less than 50 citizens.
Note: the privatization price of the building was GEL 15
former building of the National Bank was auctioned several times, but never