A private investor plans to revive a historic building in the center of Vitebsk

The building near Victory Park in the central part of the city attracted the greatest interest from potential buyers. It is a historical and cultural value "Development of Kalinin St.". The single-story capital construction with an area of 177.8 sq.m, built before 1917, was sold at a repeat auction with an 80% reduction in the starting price. Five participants claimed the lot. The winner was determined at the 11th step of the auctioneer when the price rose to Br113 thousand. According to the representative of the new owner, the building is planned to be used for an office of a company planning to develop inbound tourism.

"We will be dealing with foreign partners, so it is important to have a landmark object in the historical center of the city so that clients can immediately appreciate the beauty of these places," said the businesswoman, adding that the launch of the renovated building is planned no earlier than a year from the date of purchase.

According to the results of the auction, the former pilots' club, where stars of Soviet pop music and cinema Lyubov Orlova and Marina Ladynina performed at different times, also found a new owner. The two-story building at 23A Chernyakhovsky Avenue (total area 537.3 sq.m) was sold with an 80% reduction in the starting price to almost Br72.2 thousand. The sole bidder agreed to purchase the structure at the starting price increased by 5%, i.e., for Br75.8 thousand.

According to the representative of Vitebsk ODO "Udarnik", which bought the lot, the building is planned to be reconstructed into a business center, but the final decision on the functional purpose of the object will be made based on the results of the inspection of the structure built before 1917. At the same time, the company is ready to restore and popularize the history of the building, which, although it does not have the official status of an architectural monument, undoubtedly has historical value for Vitebsk.

According to the Vitebsk Regional Property Fund, since the beginning of the year, more than 40 properties have been sold at auctions for a total amount of over Br470 thousand.