📝 Description
We are offering a 1/2 share of a residential house in Palanga municipality, located at Hipodromo g. 87, Palanga. The auction starting price is 38 340 EUR.
The property being sold involves a partial ownership object: 1/2 share of a 168 square meter built-up area within the residential house (unique number 4400-1495-1141) and 1/2 share of a 0.1000 hectare land plot (unique number 4400-0548-1054).
The real estate is sold in its current physical and functional condition; the buyer assumes all risk aspects. VĮ Turto bankas does not commit to verifying the current status of real estate cadastre data or removing items contained within it. The residential house is unfinished, with construction completion reaching 26%. Note that VĮ Turto bankas does not have a valid building permit and project. A new owner wishing to proceed with further construction work must obtain the necessary building permit at their own risk in accordance with applicable laws.
There are no agreements between co-owners regarding the usage rules for the shared partial ownership of either the house or the land plot. The object's total starting sale price consists of 35 206,61 Eur plus 7 393,39 Eur value-added tax (VAT), totaling 42 600,00 Eur (the auction starting price is shown without VAT separation but the total amount reflects the full sales value including it).
Both objects – the house and the land plot – are mortgaged under a contractual mortgage dated 2008-04-15 (IDK number 03120080005309), where the creditor is AB SEB bankas. Turto bankas has an official consent from the mortgage creditor to sell the property. The buyer will organize payments with the Bank themselves, settling with the mortgage creditor and organizing the mortgage cancellation through a notary. The buyer pays for mortgage cancellation costs. The buyer must pay the auction offered price into Turto bankas account.
The initial registration fee is 40 EUR, and the guarantee fee required to participate in the auction is 3 834 EUR.
The property being sold involves a partial ownership object: 1/2 share of a 168 square meter built-up area within the residential house (unique number 4400-1495-1141) and 1/2 share of a 0.1000 hectare land plot (unique number 4400-0548-1054).
The real estate is sold in its current physical and functional condition; the buyer assumes all risk aspects. VĮ Turto bankas does not commit to verifying the current status of real estate cadastre data or removing items contained within it. The residential house is unfinished, with construction completion reaching 26%. Note that VĮ Turto bankas does not have a valid building permit and project. A new owner wishing to proceed with further construction work must obtain the necessary building permit at their own risk in accordance with applicable laws.
There are no agreements between co-owners regarding the usage rules for the shared partial ownership of either the house or the land plot. The object's total starting sale price consists of 35 206,61 Eur plus 7 393,39 Eur value-added tax (VAT), totaling 42 600,00 Eur (the auction starting price is shown without VAT separation but the total amount reflects the full sales value including it).
Both objects – the house and the land plot – are mortgaged under a contractual mortgage dated 2008-04-15 (IDK number 03120080005309), where the creditor is AB SEB bankas. Turto bankas has an official consent from the mortgage creditor to sell the property. The buyer will organize payments with the Bank themselves, settling with the mortgage creditor and organizing the mortgage cancellation through a notary. The buyer pays for mortgage cancellation costs. The buyer must pay the auction offered price into Turto bankas account.
The initial registration fee is 40 EUR, and the guarantee fee required to participate in the auction is 3 834 EUR.
📍 Location
📍 Palangos m. sav. Palangos m. Hipodromo g. 87
❓ Frequently asked questions
What is the starting auction price for the 1/2 share of the residential house in Palanga, Hipodromo g. 87?
The starting auction price is 38 340 EUR. The total value of the object (including VAT) is 42 600,00 Eur.
When does this Turto bankas real estate auction in Palanga take place?
The auction starts 2024-09-04 09:00:00 and ends 2024-09-05 13:59:59.
What portion of the real estate is being sold and what is the built-up area of the house?
A 1/2 share of a 168 sqm built-up area residential house and a 1/2 share of a 0.1000 ha land plot.
What payments are required to participate in the auction?
A 40 EUR registration fee and 3 834 EUR guarantee fee.
Is a viewing mandatory and when is it organized?
The viewing is organized individually in advance upon agreeing on a time before the auction registration starts.
What is the real estate condition and are there building permits?
The property is sold in its current condition, house construction unfinished (26% completion). VĮ Turto bankas does not have a valid building permit which the new owner must obtain at their own risk.
Who is responsible for selling this property?
The seller is Valstybės įmonė Turto bankas, company code 112021042.