Property of 4 liquidated banks goes to auction: from non-residential space to coffee machines
According to navigator.az, on December 19 the "Baku Auction Center" LLC will hold auctions for the sale of real and movable property belonging to four banks currently under liquidation — "NBC Bank", "Texnika Bank", "AGBank" and "Atabank". The information was released by the banks' liquidator, the Deposit Insurance Fund.
The items put up for auction are as follows: a 281.2 sq.m non-residential space owned by "NBC Bank" located at Azadlig Avenue 81, Nasimi district, Baku (valued at 2.3 million manats), one "EGRO ZERO" automatic coffee machine owned by "Texnika Bank" (1.3 thousand manats), four "EGRO SWISS COFFEE TECHNOLOGY" automatic coffee machines owned by "AGBank" (5.2 thousand manats), and six payment terminals owned by "Atabank" (4.8 thousand manats).
Why this matters
The auction sale of liquidated banks' assets gives both businesses and individual buyers a chance to acquire non-residential space or office equipment at auction price. However, the auction process differs from a regular sale — participation terms, pricing and documentation need separate verification.
What Prayk's catalog shows
For those searching for non-residential space, Prayk's catalog currently lists 93,374 listings in the "Apartments" category, with Baku's secondary-market sale median at 175,000 AZN and new-build median at 266,000 AZN. Against this backdrop, one can gauge the market position of the 281.2 sq.m property on Azadlig Avenue valued at 2.3 million manats.
Business owners looking for office and service equipment — such as coffee machines or payment terminals — can compare market prices among 287,640 listings in Prayk's "Products" section.
Practical steps for buyers and sellers
- Before taking part in the auction, verify the property's legal status and check for any encumbrances (mortgage, seizure).
- To assess the market price of non-residential space, review similar listings in nearby addresses and price history.
- When buying equipment such as a coffee machine or payment terminal, be sure to check its technical condition and service life.
- Get written information from the organizer about auction terms, entry fee and payment deadlines.
Those who want to track similar property and equipment listings can compare market conditions in Prayk's real estate and products sections.
Source: navigator.az, December 19.