Chambers from the 18th century will be sold on Shabolovka
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Chambers from the 18th century will be put up for auction in Moscow. The merchant’s house on Shabolovka will be sold at the end of 2024. The two-story estate on Donskaya Street belonged to the Kushashnikov family of merchants; they owned weaving factories. During Soviet times, the building housed the Palace of Culture of the Textile University named after. A.N. Kosygin, and last year the mansion went to the state-owned company Dom.RF. She will put it up for auction at the end of 2023. The starting price will be determined closer to the auction date.
The area of the building is about 1 thousand square meters. m, surrounded by dense buildings. But the most serious challenge is its conservation status. It will significantly limit the future buyer, Stanislav Sagiryan, CEO of RKS Development, is sure: “This property will be of interest to people who want to make an office for themselves, or buy it and rent it out as an office. The status of a cultural heritage site imposes very serious restrictions. There can be no talk of any demolition or full-fledged development.
Cultural heritage objects come in different categories. Somewhere you can’t touch anything, you can’t even really carry out repairs inside. In some cases it is possible partially. So I don’t really believe that this could be a restaurant or something like that. If we consider the premises as potentially a museum, then this is no longer development, but patronage. I would estimate the cost of the asset at no more than 60-100 thousand rubles. per square meter, that is, a total of 60-100 million rubles.”
The most profitable option for the buyer would be to convert the chambers into housing. This will be possible if the authorities allow the addition of floors, noted NF Group partner Stanislav Bibik: “The facility is located in an area with developed infrastructure, where mainly high-quality and upscale residential complexes are adjacent to the old housing stock. The advantage is the proximity of the metro and the park. Gorky. First of all, the mansion is interesting precisely because of its location.
From the point of view of the prospects for redevelopment, there are certain restrictions, since the object has a protected status, in addition, the new owner may be limited by the current volume of space. But if he manages to agree on an increase in volume and height, then, of course, residential development will be of primary interest, since this will bring maximum income to the investor.”
Dom.RF often puts historical objects up for auction. Last year, he sold Joseph Stalin’s dacha near Mytishchi for 400 million rubles. and the Pravda newspaper plant for 600 million rubles. And this year Dom.RF will try to sell the former Kresty prison in St. Petersburg.
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