Former presidential residence put up for sale in Georgia

The Georgian government put up a former presidential residence in the Mestia region for an e-auction.

According to Report's Georgian bureau, the object is being sold as part of 100 investment proposals for business campaign.

The object for privatization includes non-agricultural land and buildings located there. A person or company interested in acquiring a former residence must ensure that the property operates as a hotel within no longer than 42 months from the date of signing the contract.

The starting price of the facility is GEL1,840,000 (over AZN 1 mln).