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

The Town of Novi Sad has opened a public advertisement on alienation process of property publicly of the City of Novi Sad, in Novi Sad, 7 Vojvodanskih Brigada street, by public bidding.

The subject of alienation is Real estate publicly of the town of Novi Sad, namely an industrial building with an unspecified field of activity, building # 1, gross area 526 m2, usable area 6,463.80 m2, with 13 floors and also the surface area of 850 m2, in Novi Sad, 7 Vojvodanskih Brigada Street 7.

The commercial building with an unspecified field of activity in the previous paragraph consists of 19 commercial premises, Transformer Station available premise with an unspecified field of activity – TRANSFORMER STATION, number of separate part 2, usable surface area 19.63 m2, located at in the earth floor of the commercial building, shall be relocated in the City of Novi Sad expense, inside the duration of 6 months, following a date of concluding the contract on selling the afore stated property. Based on the General Regulation Plan for the mixed purpose space between Europe Blvd, Cara Lazara Blvd, Strazilovska St, Zarka Zrenjanina St, Mihajla Pupina Blvd, Jevrejska St, and Futoska 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 also the Detailed Regulation Plan of the Radnicki University in Novi Sad ('City of Novi sad Official Gazette' No. 36/06) the afore stated real estate is located in this particular area completely, i. e. inside the general city center and line center zones.

The location comes with water supply network (existing connection to the street installations O 110) and sewer network (existing link with the street installations O 400), as well as with power network and Transformer Station. Vojvodanskih Brigada Street. Conditions for connection to the present installations should be obtained through the future owner in the authorized public and public utility companies.

The subject real estate is alienated around the sold-as-seen-basis, whereby the customer has no right to any subsequent warranty. The buyer shall cover any potential costs of relocating, securing, and protecting the installations or even the facility infrastructure (both registered and unregistered inside 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 cost of the subject property is 5,835,946.75 EUR. The basic criterion for choosing probably the most favorable bidder may be the highest quantity of the offered bid, in EUR, throughout the public bidding process. The final purchase price of the subject real estate will be established following a completion of the general public bidding process.
The payment of the purchasing price for the subject property will be in dinar equivalent at the NBS middle official exchange rate on the day of payment. Purchasing price payment deadline is 8 (eight) days in the purchasing contract conclusion day and its validation.

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

The city of Novi Sad shall not bear any cost or liability nor need 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 property can be seen during the advertisement's duration at times on which more details is available by calling 021/489 00 17, 021/489 00 20.
Public bidding is to be conducted on August 25. 2023, 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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