State-owned property in Kutaisi has been put up for sale through an electronic auction, with a starting price of GEL 3.38 million. The property is located at 1 Gugunava Street and includes an 8,233 sq. m. non-agricultural land plot and a building on the site.
The auction opened on September 17 and will close on October 1. The minimum bid increment is set at GEL 5,000.
According to the auction terms, the property is located in an industrial zone. Part of Building No. 1, covering 1,156.09 sq. m., was leased for five years from April 8, 2024, with 600 sq. m. subsequently subleased for three years.
Another 864 sq. m. of Building No. 1 is leased until June 16, 2027, according to the auction information.
