A rental property business is for sale in the city of Ashtarak (a 15-minute drive from Yerevan), Republic of Armenia.
The company owns a building in the city center that is currently leased out:
Building Specifications:
- Area: 1,880 m²
- 3 floors
- Condition: Major renovation required
- Land plot: 1,837 m² (owned outright)
- Prime location on the main street
- Facade length: approx. 54 m; 2 access points
- Cladding: Tuff stone tiles
- Utilities: Water, sewage, 3-phase electricity, dedicated 10 kV connection, two 100 kVA transformers; permitted capacity of 160 kVA (with the possibility of increasing it)
- Suitable for: Clinic, educational institution, hotel, manufacturing facility, warehouse, or retail/office center
Business Status:
- The building houses solvent tenants ready to renew their long-term leases.
- No outstanding payment arrears (landlord or tenant), encumbrances, or debts.
Transaction Structure:
- Sale of 100% of the shares of the Closed Joint-Stock Company (CJSC) (via the admission of a new shareholder; the current owner is the sole shareholder) or another option agreed upon with the buyer.
- Documentation provided upon the interested buyer's signing of an NCNDA.