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Detailed information on 8 buildings and constructions and the plot of land attached (6203 sq.m.) to them located on №29-31-33 I. Chavchavadze ave., Tbilisi, buildings from №1 including №14 and the plot of land attached (3232 sq.m.) to it located on №29-31-33 I. Chavchavadze ave.


Name 8 buildings and constructions and the plot of land attached (6203 sq.m.) to them located on №29-31-33 I. Chavchavadze ave., Tbilisi, buildings from №1 including №14 and the plot of land attached (3232 sq.m.) to it located on №29-31-33 I. Chavchavadze ave.
Method Auction with conditions
Address 29-31-33, I. Chavchavadze ave., Tbilisi,
Description of property
buildings and constructions №1 (7808 q.m.), №2, №3, №4, №5, №6, №7, №8 and the plot of land attached (6203 sq.m.) to them located on №29-31-33 I. Chavchavadze ave., Tbilisi,;
Buldings from №1 including №14 and the plot of land attached (3232 sq.m.) to it located on №29-31-33 I. Chavchavadze ave.
Initial purchase price 1 800 000 USD
Conditions of the auction
a. 50% of the privatization fee must be payed within 30 days after the auction; the other 50% must be payed before September 1, 2010;
b. The buyer is obliged to invest 50 000 USD to reconstruct the privatization object within 18 months;
c. The buyer is obliged to secure the medical functioning of the privatization object for 10 years after signing the agreement, perserve the name “S. Khechinashvili University Clinic” within 3 years and serve the “Tbilisi State Medical University” within the same period for free.
d. In order to ensure the “a” and “b” subparagraphs of this paragraph the buyer must introduce 50 000 Gel Banking guarantee with the validity of at least 21 months within 30 days after the auction.
Seller Ministry of Economic Development of Georgia
Sale price 2000000.00 USD
Type of purchaser physical person
Date sold 05-03-2010




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