📝 Description
A small 12.15 sqm apartment is for sale in Šiauliai city, Vytauto g. 261-102A, with an initial valuation of 8500 EUR. This property bank auction offers a real estate object with a 1/1 share of ownership and simple renovation completed in 2014.
The apartment also includes a share (1/2) of common-use rooms: 1.86 sqm and 2.96 sqm.
Upon winning the auction, the buyer will receive the property in its current physical and functional condition. It is important to know that the seller (VĮ Turto bankas) does not guarantee determining the exact cadastral status or removing objects present in the building. Specifically, this apartment is currently occupied by a third party, and VĮ Turto bankas is not obligated to evict them until ownership transfer to the winner.
The object is located on a land plot with cadastral number 2901/0001:89 (unique number 2901-0001-0089), managed by trust right of Šiauliai city municipality. Although the seller does not transfer rights to the land plot, under Article 6.394 Section 3 of the Civil Code, the buyer acquires the right to use the corresponding part of the land plot under the same conditions as the seller.
An electric supply and metering device are installed in the object; there are no debts for electricity supply. However, the buyer is responsible for maintaining the reserved power capacity and all costs and risks associated with repairing, supplying, and renewing internal electrical networks.
The auction starts on 2025-08-27 09:00:00 and ends on 2025-08-28 13:59:59. Registration runs from 2025-08-20 to 2025-08-22. The starting price is 8 500 EUR, the guarantee fee is 850 EUR, and the registration fee is 30 EUR.
The apartment also includes a share (1/2) of common-use rooms: 1.86 sqm and 2.96 sqm.
Upon winning the auction, the buyer will receive the property in its current physical and functional condition. It is important to know that the seller (VĮ Turto bankas) does not guarantee determining the exact cadastral status or removing objects present in the building. Specifically, this apartment is currently occupied by a third party, and VĮ Turto bankas is not obligated to evict them until ownership transfer to the winner.
The object is located on a land plot with cadastral number 2901/0001:89 (unique number 2901-0001-0089), managed by trust right of Šiauliai city municipality. Although the seller does not transfer rights to the land plot, under Article 6.394 Section 3 of the Civil Code, the buyer acquires the right to use the corresponding part of the land plot under the same conditions as the seller.
An electric supply and metering device are installed in the object; there are no debts for electricity supply. However, the buyer is responsible for maintaining the reserved power capacity and all costs and risks associated with repairing, supplying, and renewing internal electrical networks.
The auction starts on 2025-08-27 09:00:00 and ends on 2025-08-28 13:59:59. Registration runs from 2025-08-20 to 2025-08-22. The starting price is 8 500 EUR, the guarantee fee is 850 EUR, and the registration fee is 30 EUR.
📍 Location
📍 Šiaulių m. sav. Šiaulių m. Vytauto g. 261-102A
❓ Frequently asked questions
What is the initial price and unique number of the real estate object?
The starting price is 8 500 EUR. The object's unique number is 4400-1027-9566:3281.
When will the Property bank auction for the apartment at Vytauto g. 261 in Šiauliai take place?
The auction starts on 2025-08-27 09:00:00 and ends on 2025-08-28 13:59:59.
What are the registration deadlines to participate in the auction?
Registration starts on 2025-08-20 00:00:00 and ends on 2025-08-22 23:59:59.
What additional fees apply when participating in the auction?
A guarantee fee of 850 EUR and a registration fee of 30 EUR are required.
What is the total area of the apartment and what condition is it sold in?
The apartment's total area is 12.15 sqm, with simple renovation done in 2014. The property is sold in its current physical and functional condition.
Will the seller evict third parties before selling the property?
VĮ Turto bankas is not obligated to evict a person physically present in the legal entity until ownership transfer.
What conditions apply to the land plot formed after the auction winner?
The buyer acquires the right to use the corresponding part of the land plot (cadastral No. 2901/0001:89) under the same conditions as the seller, although the plot itself will not be sold.