A former university of culture building in the centre of Mykolaiv is on the market for $1.1 million
- Alina KvitkoReporter
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The building of the former branch of the University of Culture. Photo: NikVestiA building in the centre of Mykolaiv, which previously housed the Mykolaiv branch of the Kyiv National University of Culture and Arts, has been put up for sale.
The sale advertisement was published on the OLX platform.
The property is located at 17 Zakhysnykiv Mykolaieva Street. It has a total floor area of 2,843 m² and a plot area of 0.4125 hectares.
The advertisement states that the property is being sold for $1.1 million, though the price is negotiable.
The seller describes the building as a «profitable investment for business or commercial use» and highlights its location — close to business districts and residential buildings.
It is also stated that the property is connected to all utilities: electricity, water, heating and sewerage. Furthermore, the building has convenient access and parking spaces.
The listing states that the premises can be used for various business purposes and that several floors can be fitted out for commercial activities.
The building of the former branch of the University of Culture. Screenshot: OLX
The courtyard of the former branch of the University of Culture. Photo: Maryna Khivrych
The courtyard of the former University of Culture branch. Photo: Marina KhivrychProperty for sale in Mykolaiv
Previously, NikVesti researched the Mykolaiv property market and the trends that had been developing since 2024 and continued thereafter. In particular, there was a rise in the supply of commercial properties and ready-to-run businesses for sale, as well as an increase in the privatisation of municipal property through online auctions.
In 2024, a number of large commercial properties were put up for sale in the city — the «Storm» entertainment complex, the former «Ilich» cinema, the Daily Cafe restaurant and a brewery in the Ingulsky district. This reflected a trend of business assets that were already operational or ready for launch entering the market.
At the same time, the city gradually expanded the practice of selling municipal property via Prozorro.Sales; over the course of the year, the city has already received over 123 million hryvnias from privatisation.
NikVesti investigated who is buying community property, how prices are set at auctions, and why some of the premises appear on OLX several times more expensive after sale. In particular, journalists uncovered cases where properties purchased at auction were resold almost immediately at a substantial mark-up.
The NGO “Mykolaiv Media Hub” (online media outlet NikVesti) wishes to acknowledge the financial assistance of the European Union through its project “Frontline and Investigative Reporting Media in Ukraine” (FAIR Media Ukraine), implemented by Internews International in partnership with the Media Development Foundation (MDF). The NGO “Mykolaiv Media Hub” (online media outlet NikVesti) retains full editorial independence, and the information presented here does not necessarily reflect the views of the European Union, Internews International, or MDF.
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