Alienation Procedure of Real Estate Publicly Owned by the City of Novi Sad

The City of Novi Sad has opened a public advertisement on alienation procedure of real estate publicly owned by the City of Novi Sad, in Novi Sad, 7 Vojvođanskih Brigada street, by public bidding.

The subject of alienation is Real estate publicly owned by the City of Novi Sad, namely a commercial building with an unspecified field of activity, building number 1, gross surface area 526 m2, usable surface area 6,463.80 m2, with 13 floors and the surface area of 850 m2, in Novi Sad, 7 Vojvođanskih Brigada Street 7.

The commercial building with an unspecified field of activity from the previous paragraph consists of 19 commercial premises, Transformer Station in the commercial premise with an unspecified field of activity – TRANSFORMER STATION, number of separate part 2, usable surface area 19.63 m2, located at in the ground floor of the commercial building, shall be relocated at the City of Novi Sad expense, within the period of six months, following the date of concluding the contract on selling the afore stated real estate. According to the General Regulation Plan for the mixed purpose space between Europe Blvd, Cara Lazara Blvd, Stražilovska St, Žarka Zrenjanina St, Mihajla Pupina Blvd, Jevrejska St, and Futoška St, in Novi Sad (‘City of Novi sad Official Gazette’ No. 40/11, 30/12-corr, 45/15, 63/15, 9/16, 19/16, 34/17, 21/18, 22/19, 50/19 and 9/20) and the Detailed Regulation Plan of the Radnički University in Novi Sad (‘City of Novi sad Official Gazette’ No. 36/06) the afore stated real estate is located within this area in its entirety, i. e. within the general city center and line center zones.

The location is equipped with water supply network (existing connection to the street installations Ø 110) and sewer network (existing connection to the street installations Ø 400), as well as with power network and Transformer Station. Vojvođanskih Brigada Street. Conditions for connection to the existing installations are to be obtained by the future owner from the authorized public and public utility companies.

The subject real estate is alienated on the sold-as-seen-basis, whereby the buyer has no right to any subsequent warranty. The buyer shall cover any potential costs of relocating, securing, and protecting the installations or the facility infrastructure (both registered and unregistered within the Line cadaster excerpt), of removal of trees and other greenery, garbage, construction rubble, and debris, as well as ground filling and leveling.

The starting purchase price of the subject real estate is 5,835,946.75 EUR. The basic criterion for selecting the most favorable bidder is the highest amount of the offered bid, in EUR, during the public bidding process. The final purchase price of the subject real estate shall be established following the completion of the public bidding process.
The payment of the purchasing price for the subject real estate shall be in dinar equivalent at the NBS middle official exchange rate on the day of payment. Purchasing price payment deadline is 8 (eight) days from the purchasing contract conclusion day and its validation.

Bid applications shall be submitted within 30 days from the days of advertisement is announced. Applications can be submitted both by legal or by natural entities. Foreign legal entities have the right to participate in accordance with the law. The applicant is allowed to submit only one single application.

The city of Novi Sad shall not bear any cost or liability nor be obliged to compensate any damages possibly incurred or suffered by the applicant regarding participation in the procedure. The advertisement is open 30 days from its announcement. The subject real estate can be viewed during the advertisement’s duration at times on which more information is available by calling 021/489 00 17, 021/489 00 20.
Public bidding is to be conducted on August 25. 2020, at Novi Sad City Administration for Property and Property/Legal Affairs, 53 Narodnog Fronta Street, Novi Sad, 1st floor (the conference room) starting at 13 o’clock.

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