📝 Description
For sale is a 1/1 share apartment with an area of 24.11 sq.m. in Vilnius, at Panevėžio gatvė 40-43, with the initial price set at 26700 EUR. This small apartment is an excellent investment opportunity in Vilnius Old Town, but it is sold in its current physical and functional condition, and Valstybės įmonė Turto bankas neįsipareigoja nustatyti aktualios kadastro duomenų būklės ar iškraustyti does not guarantee updating cadastral data or removing existing items.
Due to the location of the object, the apartment is located in the territory of Vilnius Old Town visual protection zone (unique object code 16073), which is registered in the Lithuanian Republic immovable cultural heritage register. Because of this reason, any usage, construction, reconstruction or repair work are strictly regulated by Construction and Immovable Cultural Heritage Protection laws.
The multi-story building containing this apartment has been renovated. A loan agreement for the building's renovation was signed on 2015-12-08. The buyer, who wins the auction, assumes the obligation to pay the portion of the credit allocated to the apartment, which amounted to 2 020,67 Eur as of 2025-04-25. This obligation is valid until the end of the final 240-month credit repayment term from the date the agreement comes into force. For more information about renovation credit payments, it is necessary to contact UAB "Naujininkų ūkis".
It is important to note that the residential building is on state land, whose plot has not been formed, so the rights to the land plot along with the apartment are not transferable.
The auction, managed by VĮ Turto bankas (company code 112021042), starts on 2025-07-09 09:00:00 and ends on 2025-07-10 13:59:59. Participant registration takes place from 2025-07-02 to 2025-07-04. A fee of 40 EUR for registration and a guarantee fee of 2670 EUR (10% of the starting price) must be paid. For viewing the property, you must agree individually in advance before the start of registration.
Due to the location of the object, the apartment is located in the territory of Vilnius Old Town visual protection zone (unique object code 16073), which is registered in the Lithuanian Republic immovable cultural heritage register. Because of this reason, any usage, construction, reconstruction or repair work are strictly regulated by Construction and Immovable Cultural Heritage Protection laws.
The multi-story building containing this apartment has been renovated. A loan agreement for the building's renovation was signed on 2015-12-08. The buyer, who wins the auction, assumes the obligation to pay the portion of the credit allocated to the apartment, which amounted to 2 020,67 Eur as of 2025-04-25. This obligation is valid until the end of the final 240-month credit repayment term from the date the agreement comes into force. For more information about renovation credit payments, it is necessary to contact UAB "Naujininkų ūkis".
It is important to note that the residential building is on state land, whose plot has not been formed, so the rights to the land plot along with the apartment are not transferable.
The auction, managed by VĮ Turto bankas (company code 112021042), starts on 2025-07-09 09:00:00 and ends on 2025-07-10 13:59:59. Participant registration takes place from 2025-07-02 to 2025-07-04. A fee of 40 EUR for registration and a guarantee fee of 2670 EUR (10% of the starting price) must be paid. For viewing the property, you must agree individually in advance before the start of registration.
📍 Location
📍 Vilniaus m. sav. Vilniaus m. Panevėžio g. 40-43
❓ Frequently asked questions
What is the starting price and selling share of the real estate at Panevėžio g. 40-43, Vilnius?
The starting apartment price is 26700 EUR. A 1/1 ownership share is sold.
When will the Turto bank auction for this 24.11 sq.m. apartment take place?
The auction starts on 2025-07-09 09:00:00 and ends on 2025-07-10 13:59:59.
What additional fees are required to participate in the auction?
A 40 EUR registration fee and a 2670 EUR guarantee fee are required.
Are there restrictions on using the apartment sold in Vilnius Old Town?
The apartment is located in the territory of the Vilnius Old Town visual protection zone, so all construction and reconstruction work are strictly regulated by cultural heritage laws.
What obligations regarding renovation credit payments apply after acquiring the apartment?
From the moment of transfer of ownership, the obligation to pay the portion of the credit allocated to the apartment in the amount of 2 020,67 Eur as of 2025-04-25 will pass to the auction winner.
Is the sold apartment related to land plot ownership?
The building is on state land, whose plot has not been formed, and rights to the land plot are not transferred.