📝 Description
For auction: a 17/100 share of a residential house located at Visorių street 7, Vilnius city municipality. This portion belongs to a house built in 1938. The total area being sold is 54.01 sqm out of the building's total 317.72 sqm. The unique property ID is 1093-8006-1016. This is being re-offered as part of a building auction. The current status is Announced.
The property is sold as-is, noting significant defects: the shared portion is severely neglected, and some structural elements are decayed and caved in. Importantly, the Seller will not remove any items remaining on the property. The Buyer is responsible for relocating all contents at their own cost and risk. Due to its current condition, this property is suited for investors looking for extensive renovation and redevelopment opportunities in the Vilnius area.
The starting auction price is 56711 EUR. Bidders must pay a 5671.10 EUR (10%) security deposit and a 100 EUR registration fee. The auction runs from 2025-10-10 09:00:00 until 2025-10-13 13:59:59. Registration for the auction is open from 2025-10-06 00:00:00 to 2025-10-07 23:59:59.
A preliminary purchase agreement will be signed with the winning bidder. The final deed of sale will only be executed after co-owners, holding pre-emptive rights, forfeit those rights according to the law within the specified timeframe. The final sales contract must be completed within 30 calendar days after the auction ends, with final payment due within 30 days of signing the contract. The auction winner covers all associated contract signing costs, including notary fees. If the winner fails to pay the full price on time, the contract is terminated, and the security deposit is forfeited.
Property viewings are arranged by prior individual appointment. To register for the auction, you must transfer the security deposit and registration fee to the UAB "Vilniaus vystymo kompanija" sąskaitą. Participation has restrictions; Company employees or closely related persons must sign a Declaration of Conflict of Interest.
The property is sold as-is, noting significant defects: the shared portion is severely neglected, and some structural elements are decayed and caved in. Importantly, the Seller will not remove any items remaining on the property. The Buyer is responsible for relocating all contents at their own cost and risk. Due to its current condition, this property is suited for investors looking for extensive renovation and redevelopment opportunities in the Vilnius area.
The starting auction price is 56711 EUR. Bidders must pay a 5671.10 EUR (10%) security deposit and a 100 EUR registration fee. The auction runs from 2025-10-10 09:00:00 until 2025-10-13 13:59:59. Registration for the auction is open from 2025-10-06 00:00:00 to 2025-10-07 23:59:59.
A preliminary purchase agreement will be signed with the winning bidder. The final deed of sale will only be executed after co-owners, holding pre-emptive rights, forfeit those rights according to the law within the specified timeframe. The final sales contract must be completed within 30 calendar days after the auction ends, with final payment due within 30 days of signing the contract. The auction winner covers all associated contract signing costs, including notary fees. If the winner fails to pay the full price on time, the contract is terminated, and the security deposit is forfeited.
Property viewings are arranged by prior individual appointment. To register for the auction, you must transfer the security deposit and registration fee to the UAB "Vilniaus vystymo kompanija" sąskaitą. Participation has restrictions; Company employees or closely related persons must sign a Declaration of Conflict of Interest.
❓ Frequently asked questions
What is the share and total area of the property being sold?
The sale concerns a 17/100 share of a residential house, corresponding to 54.01 sqm out of the total building area of 317.72 sqm.
When is the auction scheduled for the house share at Visoriu g. 7?
The auction begins on 2025-10-10 09:00:00 and closes on 2025-10-13 13:59:59.
What is the starting price and what fees are required for registration?
The starting price is 56711 EUR. Registration requires paying a 5671.10 EUR security deposit and a 100 EUR registration fee. Note: The security deposit is sometimes referenced as 5600 EUR in related contexts.
Who is responsible for removing contents after winning the auction?
The Seller is not obligated to remove items present in the property. The Buyer commits to resolving the removal of all contents at their own expense and risk.
What are the registration dates for the auction?
Registration starts on 2025-10-06 00:00:00 and ends on 2025-10-07 23:59:59.
What is the main restriction concerning co-owners' pre-emptive rights?
Initially, a preliminary purchase agreement is signed with the auction winner. The final notary deed will only be executed if existing co-owners do not exercise their pre-emptive right within the established period.