Former barracks of the Lenkarsky Regiment in Vitebsk were sold at auction for Br1.7 billion.

December 24, Vitebsk / Sergei Kochetov - BELTA /. The building of the former headquarters and barracks of the Lencar Regiment was sold today at an auction in Vitebsk for over Br1.7 billion. This facility became the most expensive among those sold this year at the auctions of the Vitebskoblimushchestvo fund, the territorial fund informed a BELTA correspondent. The architectural monument of the late 19th century is located in the central part of the regional center, not far from the reconstructed Victory Square. The total area of the three-story building is almost 1.4 thousand sq.m. The facility was put up for auction with a starting price of over Br1.5 billion, along with the right to conclude a land lease agreement. A plot of over 0.08 hectares for the maintenance and servicing of the building is leased for 50 years. The new owner undertakes to carry out the reconstruction of the building within two years and organize an administrative and business or cultural center on its premises, as well as to improve the adjacent territory. In addition, the investor must conclude a security obligation for the capital construction with the Ministry of Culture within a month. -0-