National Bank’s Former Building Lot Sold at Auction

access_time2017-11-06 16:01:35

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 monument.


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 million.

The former building of the National Bank was auctioned several times, but never sold.

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