📝 Description
A 5/12 share of a residential unit (apartment) is for sale in Kupiškis city, Kupiškis district municipality, located at Vilniaus g. 27-2. The total area of the share being sold is 41.39 sqm. Also included in the auction is a common area designated as 1, covering 1/2 of 2.52 sqm (totaling 1.26 sqm). The unique property ID is 5795-4001-4010:0002. This property is sold in its current factual condition, based on updated cadastral data. The seller, VĮ Turto bankas, makes no commitment to establish the current cadastral status or remove any items currently located on the premises.
The apartment is situated on a state-owned land plot entrusted to the Kupiškis district municipality. Importantly, no land use agreements have been established with the land custodian. By purchasing this property, under Article 6.394 (3) of the Civil Code, you acquire the right to use the corresponding portion of the land under the same conditions as the seller previously held. Co-owners have not agreed upon a procedure for using the jointly owned property.
The seller is the Republic of Lithuania, and the auction is organized by the State Enterprise Turto bankas (company code 112021042). The auction registration fee is 10 EUR, and the security deposit is 223 EUR. Participant registration takes place from 2025-10-06 until 2025-10-08. The property auction itself runs from 2025-10-13 09:00:00 to 2025-10-14 13:59:59. Before registering, it is recommended to review the draft property sale-purchase agreements and all general auction terms and conditions.
The apartment is situated on a state-owned land plot entrusted to the Kupiškis district municipality. Importantly, no land use agreements have been established with the land custodian. By purchasing this property, under Article 6.394 (3) of the Civil Code, you acquire the right to use the corresponding portion of the land under the same conditions as the seller previously held. Co-owners have not agreed upon a procedure for using the jointly owned property.
The seller is the Republic of Lithuania, and the auction is organized by the State Enterprise Turto bankas (company code 112021042). The auction registration fee is 10 EUR, and the security deposit is 223 EUR. Participant registration takes place from 2025-10-06 until 2025-10-08. The property auction itself runs from 2025-10-13 09:00:00 to 2025-10-14 13:59:59. Before registering, it is recommended to review the draft property sale-purchase agreements and all general auction terms and conditions.
📍 Location
📍 Kupiškio r. sav. Kupiškio m. Vilniaus g. 27-2
❓ Frequently asked questions
What is the starting price for the 5/12 share of the apartment in the auction?
The starting price for the auction is 2230 EUR.
When does the auction for the apartment share in Kupiškis city end?
The auction ends on 2025-10-14 13:59:59. Registration for the auction runs until 2025-10-08 23:59:59.
What is the total registered area of the 5/12 apartment share according to cadastral data?
The total area of the share being sold is 41.39 sqm; an additional 1.26 sqm of common area (1/2 of 2.52 sqm) is also included.
What are the additional fees required to participate in the auction?
A security deposit of 223 EUR and a registration fee of 10 EUR are required.
What are the restrictions regarding the land plot for the property being sold?
The real estate is on state land held by the Kupiškis district municipality. Since co-owners have not established a usage procedure, the buyer gains the right to use the corresponding portion of the land under the same conditions as the seller.
How should property inspection be arranged before auction registration opens?
Viewing times must be arranged individually with a representative of VĮ Turto bankas. Viewings are organized before registration opens for the auction.