📝 Description
A 477/10000 portion of non-residential basement premises is for sale (Unique No. 4400-1784-2930:7102). This share covers 1.24 sq. m out of a total of 25.99 sq. m located in the ground floor/basement level of a two-story masonry building at Polocko g. 11, Vilnius. The property is situated within the archaeological site of Vilnius Old Town and Suburbs (Cultural Heritage Registry Code 25504) and the Vilnius Old Town area, which is declared a cultural monument (CVR Code 16073). Activity, management, construction, repair, or reconstruction work in this area is regulated strictly by the Law on the Protection of Immovable Cultural Heritage and related legislation. The premises are sold as-is. There are no outstanding debts for electricity supply; however, the municipality does not guarantee uninterrupted power supply or the technical condition of internal wiring. Temporary power limitations may occur. Therefore, the buyer assumes full responsibility and cost to resolve all matters related to internal wiring repairs and electricity connection directly with service providers or relevant institutions.
📍 Location
📍 Vilniaus m. sav. Vilniaus m. Polocko g. 11
❓ Frequently asked questions
What is the starting price and the security deposit?
The starting price is 735 EUR. The guarantee fee (security deposit) is 73 EUR.
When does the auction take place and when must registration be completed?
The auction starts on 2025-11-24 09:00 and ends on 2025-11-25 13:59:59. Registration is open from 2025-11-17 00:00 until 2025-11-19 23:59:59; the security deposit and registration fee must be paid before registration closes.
When can the property be inspected?
Property viewings are scheduled for 2025-11-05 08:00 and 2025-11-12 08:00. Viewing times must be coordinated with the responsible municipal employee via official channels.
What is the share and size of the property being sold?
A 477/10000 share of the basement premises is for sale, corresponding to 1.24 sq. m out of the total 25.99 sq. m.
Are there heritage protection restrictions?
Yes. The building is located in an archaeological site (KVR 25504) and in the territory of Vilnius Old Town declared a cultural monument (KVR 16073). All management and construction works are regulated by cultural heritage protection laws.
Under what conditions is the property sold regarding electricity supply?
The premises are sold as-is; there are no debts for electricity supply, but savivaldybė neįsipareigoja užtikrinti nenutrūkstamo elektros tiekimo ar vidaus tinklų techninės tvarkos. The buyer is responsible for inspecting internal wiring and addressing any necessary repairs to the electricity supply at their own expense and risk.
How long does the buyer have to sign the purchase agreement and pay the price?
The agreement must be signed within 30 days from the date the auction concludes. The full real estate price must be paid no later than 10 days after signing the purchase and sale agreement.