The state property national agency of the Ministry of Economy and Sustainable Development of Georgia has set out the property located at Chonkadze Street N21 for term online auction.
Mose Toidze Art Profession Learning Center used to function on the state-owned land plots of 3841 square meters and buildings on them.
The starting privatization value of the property is 8 200 000 GEL. The online auction is scheduled for 17 o’clock on May 11, 2016 and each interesting body is able to take part in the auction.
Under the auction terms, the winner bidder must construct a hotel with at least 80 suites and invest at least 10 million GEL in the project implementation.