AGREED RECONSTRUCTION PROJECT

INVESTMENT OFFER №1

In addition to the agreed reconstruction of the main building, it is possible to complete another building on the site of the existing garage boxes on the western side of the site. Note: this option is not provided by the existing project, but by sacrificing 20 parks in some places, you can get a building spot on 1000 m²

PRICE

< 5 000 000 USD

REAL ESTATE TYPE

Reconstruction office building

SHARE PROJECT

Why now is the best time to buy

The reconstruction can be started immediately after the State Architectural and Construction Inspection gives its declaration.

This is a convenient starting position for investors, and also the main precondition for return on investment in the short-term outlook.

The project provides that leaseholders continue running their businesses almost during the whole reconstruction period.

The ongoing rent business in B+ class office segment

2-storeyed building with the total area of premises of 1869 m² situated on 3000 m² lot, 2100 m² of which is undeveloped territory, in Korolyova str. — one of the most populous places of the Kyivsky district of Odessa right opposite the Yuzhny market.

Why be interested

The ongoing business with an annual net profit of +7% (in USD) starting with the moment of the legal arrangement.

Leaseholders with long-term leasing contracts based on the market price.

The reconstruction project aimed to enlarge the leasable area by 240% up to 4510 m² and to renovate the Business center to B+ class is already designed and approved.

This will consequently increase the profitability by 15-20% per 1 m².

The detailed project is scientifically grounded by National Marine University, already passed expert review and is ready to get the declaration from the State Architectural and Construction Inspection of Ukraine.

Advantage of the offer

The building is situated within the limits of red line.

The building and the lot are both private properties.

The large enclosed surrounding area can be used as chargeable parking (the approval is given): at the day time — for the business center, at night — for the surrounding neighborhood.

In the basement, there is a specially certified bank vault. The new diesel generator (57 kW) ensures the uninterruptable power supply.

What is already done and what stage the project is on

The new technical conditions for heat supply, water supply, water disposal, and electricity supply are approved under the working project for reconstruction.

The technical conditions are approved and the project is designed for power supply cable input to increase the voltage from 85 to 300 kW.

Due to land acquisition, the area of the lot enlarged to 3000 m².

Rent of 16 parking slots (2 of which — for invalids) along the front of the building is agreed and approved, which doubles the front parking area.

The tenders are held, the General Contractor and subcontractors are chosen (construction, engineering systems, facade works).

Expected terms of reconstruction

The current project complete implementation will take 12 to 18 months.

New opportunities to increase income

— Leasable area enlargement
— Upgrade of the business center to B+ class
— Chargeable parking in the surrounding area
— Restaurant or café with summer terrace (for rent or self-administered)

What the reconstruction project provides

The complete change of the exterior and the surroundings of the building, modernization and convenience for the leaseholders: green fences, breathing space, restaurant with summer terrace and large parking for employees and visitors.

According to the reconstruction project, three new floors with offices and glass atrium will be constructed above the existing two, the façade will broaden and the restaurant will be built on to the existing building.

The basement is to be used for technical premises, WCs, utility space and kitchen of the restaurant.

On the first floor, there will be the entrance hall of the office center, restaurant, offices and a bank. The 2nd to 5th floors are designed for offices and business premises.

Place and surroundings

The building is located near the Independence square, at the crossroad of Korolyova str. and Glushko av. — in the center of Tairovo, which is the most visited place in Kyivsky district of Odessa.

There are McDonald’s, Panorama trade center and Zolotoy Duk cinema, 9 public transport routes, Yuzhny market and suburban bus station at the walking distance.

Well-developed and densely populated district easy to reach from any point of the city. Great infrastructure for life, work, rest and shopping. Lots of children’s organizations, educational and medical establishments, banks, state institutions, tax office.

New quarters

2 km to the South — between Architectorska str. and Nebesna Sotnya av. — new residential areas are being developed: Zhemchuzhny quarter, Tairov Gardens, Marshal City, Akvareli and others.

The infrastructure is not well-developed there and most traffic goes through Korolyova str.

Such an inflow of new inhabitants creates a trend for nearby working places to avoid daily traffic jams.

Conditions of sale

Direct sale from the owner. No legal argument on the property. The documents are completely arranged for the business transaction.

CONTACTS

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