📝 Description
A two-story administrative building totaling 1198.41 sqm is offered in a rerun auction in Marijampolė at Kęstučio Street 5. Construction was completed in 1989, with renovations carried out between 2004-2008; the building is 100% complete (Plan designation 1B2p).
The total usable area is divided: 312.47 m2 in the basement, 458.40 m2 on the first floor, and 427.54 m2 on the second floor. The property includes a 75 kW electrical capacity, connection to municipal water/sewerage, and centralized heating.
Two current lease agreements cover a total of 70.98 m2 on the first floor (units 1-2, 1-14, 1-15). The building is situated on a 0.1420 ha state land plot, secured by a long-term lease valid until 2089-05-18. The land purpose is classified as 'other,' and the 2024 land rent paid was 218,40 Eur. The buyer assumes responsibility for all land tenure matters, including the possibility to change lease terms or purchase the land from the municipality or other institutions.
The starting price for the auction is 567000 EUR. Registration for participation runs from 2025-10-09 until 2025-10-15 23:59:59. The rerun auction itself will take place from 2025-10-20 09:00:00 until 2025-10-21 13:59:59. A mandatory deposit of 10000 EUR is required to participate.
The winning bidder covers all closing costs, including notary fees. The contract signing will occur at the Notary Office designated by the Seller in Vilnius. The Seller is not responsible for the buyer's vision regarding future use or potential reconstructions of the property.
The total usable area is divided: 312.47 m2 in the basement, 458.40 m2 on the first floor, and 427.54 m2 on the second floor. The property includes a 75 kW electrical capacity, connection to municipal water/sewerage, and centralized heating.
Two current lease agreements cover a total of 70.98 m2 on the first floor (units 1-2, 1-14, 1-15). The building is situated on a 0.1420 ha state land plot, secured by a long-term lease valid until 2089-05-18. The land purpose is classified as 'other,' and the 2024 land rent paid was 218,40 Eur. The buyer assumes responsibility for all land tenure matters, including the possibility to change lease terms or purchase the land from the municipality or other institutions.
The starting price for the auction is 567000 EUR. Registration for participation runs from 2025-10-09 until 2025-10-15 23:59:59. The rerun auction itself will take place from 2025-10-20 09:00:00 until 2025-10-21 13:59:59. A mandatory deposit of 10000 EUR is required to participate.
The winning bidder covers all closing costs, including notary fees. The contract signing will occur at the Notary Office designated by the Seller in Vilnius. The Seller is not responsible for the buyer's vision regarding future use or potential reconstructions of the property.
📍 Location
📍 Marijampolės sav. Marijampolės m. Kęstučio g. 5
❓ Frequently asked questions
What is the starting price for the administrative building at Kęstučio g. 5, Marijampolė?
The starting price is set at 567000 EUR.
When will the rerun auction for this building take place?
The auction runs from 2025-10-20 09:00:00 until 2025-10-21 13:59:59.
What is the mandatory deposit required to participate in the auction?
The security deposit is 10000 EUR, payable to AB Lietuvos pašto sąskaita.
What is the total area and main purpose of the building being sold?
The total area of the building for sale is 1198.41 m2; it is classified as administrative property.
What should be known about the land plot associated with the building at Kęstučio g. 5?
The land plot is state-owned, covering 0.1420 ha, with a lease agreement valid until 2089-05-18. The buyer assumes all risks and conditions related to the transfer of land lease rights.
When does registration for the auction close, and when can the property be viewed?
Registration closes on 2025-10-15 23:59:59. Viewings are conducted only by prior arrangement with the organizer before the registration deadline.
Are there tenants in the building, and how does this affect the purchase terms?
There are two active lease agreements covering 70.98 m2. The Seller is not responsible for the property's suitability for the buyer's intentions; the buyer assumes related risks.