Wooden Cabin for Auction in Rietavo Municipality, Starting Price 325 EUR

A wooden cabin built in 1998 is being sold as an additional asset type in a repeat auction with a starting price of 325 EUR. The property is located in Rietavo municipality, at Zadvainiu g. 6, Kalakutiskes village, Rietavo parish, Rietavo municipality. Its unique identification number is 25-1-11-129. Significant defects are present: the lower logs have rotted, the cabin has warped, and the structure is damaged by rot. Due to this condition, the cabin is being sold for dismantling and requires major renovation or can be used as a source of timber. The sale purpose is not residential use at the current location, but dismantling and relocation. All prices are stated including VAT. The purchase process takes place electronically via the State Enterprise State Forestry Administration organized auction. Participant registration fee is 20 EUR, and the guarantee deposit amounts to 40 EUR, as the starting price does not exceed 1000 Eur. Registration for the auction runs from 2024-04-22 00:00:00 until 2024-04-23 23:59:59. The auction itself begins on 2024-04-29 09:00:00 and ends on 2024-04-30 13:59:59. Registered participants must transfer the specified amounts to Luminor Bank AB account LT524010042500000525, indicating the auction number in the payment reference. The auction is deemed successful if two or more participants register. Upon winning the auction, the guarantee deposit is included in the purchase amount, and the registration fee is non-refundable except when the auction does not take place.