In November, the State Property Committee has scheduled 115 auctions for the sale of unused state property objects. The largest of the new objects is School No. 5 in Polotsk.

The Committee for State Property of the Vitebsk Regional Executive Committee has scheduled 115 auctions for November for the sale of unused state property. The majority of these unused properties are social facilities – former kindergartens and schools.

Investors may be interested in the building of the former school No. 5 in the city of Polotsk, which has a favorable location. This is the largest of the properties being offered for sale for the first time.

The school building has not been used since last year, when as part of the optimization program for educational institutions, school No. 5 was merged with school No. 14. Based on the latter, after major repairs supported by the International Bank for Reconstruction and Development, and the leadership of the region and the city of Polotsk, a socio-cultural center with sports grounds for all residents of the region was established.

The school building itself, with an area of 4500 sq.m., as well as a training workshop, are offered for sale at auction in November. The school has centralized electricity supply, heating, and water supply. The building is currently maintained in good technical condition, is heated by its own boiler room, and has a video surveillance system installed.

A land plot of over 1 hectare is allocated to the new owner.

After reconstruction, a social facility or commercial and service facilities can be located here – such as a shop, shopping center, market, restaurant, cafe, postal services, savings banks, pharmacies, integrated reception points, self-service mini-laundries, mini-dry cleaners, tailoring workshops, beauty salons, photo studios.

In total, over the past 10 months, the committee has announced 865 auctions, of which 99 were successful. This has not only enabled the utilization of unused state property for regional development but also replenished the budget by 5.8 million rubles.

Source: vitebsk-region.gov.by