The Law of Ukraine «On Mortgage» defines, as one of the ways of foreclosure on the subject of mortgage, out-of-court settlement, in particular the right of the mortgagee to carry out the sale of the subject of mortgage on its own behalf to any person-purchaser (in compliance with the rules provided for in Article 38 of the Law of Ukraine «On Mortgage»).
In accordance with this, JSC «COMINBANK» has put up for sale through the OpenMarket auction (SE «SETAM» of the Ministry of Justice of Ukraine) commercial real estate that acts as collateral under credit agreements concluded with a legal entity.
In particular, for potential buyers it is offered to purchase an integrated property complex for woodworking and the production of wood products, in particular furniture, furniture elements, and boards for wide consumption, consisting of:
- non-residential buildings and structures in the number of 17 items, with a total area of 23.4 thousand sq.m, of which the office area is 2.5 thousand sq.m, the warehouse/production area — 20.06 thousand sq.m, auxiliary — 0.8 thousand sq.m;
- structures and transmission devices in the number of 36 items.
«The real estate and land plot are located in the urban-type settlement of Deliatyn, on the national highway N09, which runs from Mukachevo to Lviv. In the immediate vicinity are the «Malyvo» hotel and restaurant complex (160 m), the «Dovbush» hotel-restaurant (800 m, rating 4.8 from Google users), and the Prut River (280 m). The distance to the Deliatyn railway station is 1.8 km, to Yaremche — 3.5 km, to the «Bukovel» mountain-tourism complex — 40 km. The distance to the location of the main sources of raw material (forest) supply is 15-50 km, which is optimal for the logistics arm.
Proceeding from the location and possibilities of use of the object, these assets are of interest to a wide range of potential buyers.
Subject to a corresponding change in the designated purpose of the land plot, the acquisition of such real estate may be considered as an investment in the construction of a residential, hotel, or hotel-tourist complex. The main advantages are a significant land plot (11 ha, leased from the territorial community for a term until 2030), a picturesque landscape, and the presence of all necessary utilities», — said Ihor Trebin, Head of the Non-Performing Assets Department of JSC "COMINBANK".
«JSC «COMINBANK» has become the second partner bank to sell mortgage real estate as a mortgagee. We welcome this decision of the financial institution and invite our other partners to consider this way of selling assets. By the way, the first case had a positive experience and the lot was successfully sold for the state bank», — emphasized the General Director of SE «SETAM», Oleksandr Mamro.
Location of the property: Ivano-Frankivsk region, Nadvirna district, Deliatyn settlement.
Starting price of the lot: UAH 45,624,120 (≈UAH 1,949 per sq. m)
Date of the auction: May 22, 2024
You can learn more about the auction procedure, the lot, and register for the auction at the link: setam.net.ua/auction/547187
The OpenMarket auction (SE «SETAM» of the Ministry of Justice of Ukraine) — a simple and effective means of selling and acquiring property via the internet. The online auction operates throughout Ukraine since 2014. The total sale amount since the beginning of operations is UAH 21.9 billion.
JSC «COMINBANK» (COMINBANK) — a universal bank registered by the NBU on December 3, 1993, registration certificate No. 219. COMINBANK is a participant in the Individuals' Deposit Guarantee Fund. The owner of significant participation is Stefan Paul Pinter — founder and executive director of the private investment-banking and management company GML Capital LLP (London, United Kingdom).
