A non-residential building at 11a Vagif Avenue in Baku’s Nasimi district has been put up for sale at auction.
“Operative Information Center-OMM” reports, citing Yeni Avaz, that the six-storey property was listed for auction at the request of enforcement officers.
The property covers a land area of 0.06076 hectares. The 50-room hotel, currently operating as GreenPark, has a minimum sale price of 5,561,890 manats. Its initial market value is reported to be 6,543,400 manats.
The property previously operated under the name Irshad. It is reported to have been built by Rafiq Aliyev, former chairman of the State Committee for Work with Religious Organizations and director of the Irshad Center for Islamic Research. The center’s registered legal address is also at 11a Vagif Avenue in Nasimi district.