The key facts

  • A building with an area of 4,452 sq. m on a 0.94-hectare plot has been listed with a starting price of 5.1 billion soums
  • The E-auksion auction will take place on November 30 at 10:00
  • The sale is based on a decision of the Tashkent Interdistrict Economic Court issued in June

A production building in the Mirabad district has been put up for forced sale

The Bureau of Forced Execution has put up for sale a building in the Mirabad district of Tashkent, the lot has been listed on the E-auksion platform. The property is located on Kohinur street, near the Grand Mir Hotel and the building of the Uztekstilprom association. According to photographs, the production facility RIM Ustaxonasi was previously located here.

Lot parameters and sale conditions

The four-story building, constructed in 1988, occupies a plot of 0.94 hectares; its total area is 4,452 square meters, of which 4,155 square meters is usable area. Construction is underway on 1,896 square meters. The starting price of the lot is 5.1 billion soums, the auction is scheduled for November 30 at 10:00.

Grounds for the sale and restrictions

The lot has been put up for sale pursuant to a decision of the Tashkent Interdistrict Economic Court issued in June (enforcement document 4−1001−2625/28103). At present, restrictions imposed by a bank and a notary apply to the property — this means the buyer will receive the property with encumbrances that must be taken into account when participating in the auction.

Context: major auctions continue in Tashkent

This is not the only notable real estate sale through auction in the capital: Spot previously reported that the MIPT building on Taras Shevchenko street was sold at auction for 287 billion soums. Unlike that deal, the current lot starts at a significantly lower amount and is being sold as part of forced enforcement of a court decision, rather than through an ordinary privatization sale.