📝 Description
For sale is a 20/100 share of the total area of a residential building located at J. Tumo-Vaižganto g. 1, Kavarskas, Anykščių rajono savivaldybė (Unique No. 3494-0007-5010). This fractional ownership includes a 20/100 share of the total living area (138.84 sq m residential building 1A1m), a 1/2 (50%) share of the built-up area (21.00 sq m utility building 2I1ž, Unique No. 3494-0007-5021), and a 20/100 share of other structures, including a fence (t) and yard area (b(b1,b2)) (Unique No. 3494-0007-5098).
The auction begins on 2026-01-28 09:00:00 and concludes on 2026-01-29 13:59:59. The initial price for this 20/100 property share is set at 1139 EUR. Registration to participate in the auction runs from 2026-01-21 00:00:00 until 2026-01-23 23:59:59.
Important sales conditions apply: the property is sold As Is, based on its current physical and functional condition and existing cadastral data. It is noted that internal renovations have occurred—a partition between rooms marked III-2 and III-3 was removed—but these changes are not registered in the Real Estate Cadastre. Valstybės įmonė Turto bankas, the seller, does not commit to updating the cadastral status or removing any existing items.
Legal restrictions affect the property: the asset is on state land where the land plot has not been formally established, and rights to the land plot are not transferred. Furthermore, co-owners have not agreed on the procedure for managing the common fractional ownership, and the portion being sold is currently occupied by a third party—a co-owner. Turto bankas neįsipareigoja asmens iškeldinti iki nuosavybės perleidimo.
Property inspection can be arranged individually by prior agreement before registration closes. Valstybės įmonė Turto bankas (Company Code 112021042) is responsible for organizing the auction. Prospective bidders are advised to review the draft sale and purchase agreements available on the organizer's website before participating.
The auction begins on 2026-01-28 09:00:00 and concludes on 2026-01-29 13:59:59. The initial price for this 20/100 property share is set at 1139 EUR. Registration to participate in the auction runs from 2026-01-21 00:00:00 until 2026-01-23 23:59:59.
Important sales conditions apply: the property is sold As Is, based on its current physical and functional condition and existing cadastral data. It is noted that internal renovations have occurred—a partition between rooms marked III-2 and III-3 was removed—but these changes are not registered in the Real Estate Cadastre. Valstybės įmonė Turto bankas, the seller, does not commit to updating the cadastral status or removing any existing items.
Legal restrictions affect the property: the asset is on state land where the land plot has not been formally established, and rights to the land plot are not transferred. Furthermore, co-owners have not agreed on the procedure for managing the common fractional ownership, and the portion being sold is currently occupied by a third party—a co-owner. Turto bankas neįsipareigoja asmens iškeldinti iki nuosavybės perleidimo.
Property inspection can be arranged individually by prior agreement before registration closes. Valstybės įmonė Turto bankas (Company Code 112021042) is responsible for organizing the auction. Prospective bidders are advised to review the draft sale and purchase agreements available on the organizer's website before participating.
📍 Location
📍 Anykščių r. sav. Kavarsko m. J. Tumo-Vaižganto g. 1
❓ Frequently asked questions
What is the minimum (starting) price for which the 20/100 share of the property in Anykščiai municipality is being sold?
The starting price for the 20/100 share of the residential building, utility building, and other structures in Anykščiai r. sav. Kavarskas, J. Tumo-Vaižganto g. 1, is 1139 EUR.
When is the auction for the property share in Kavarskas taking place?
The auction starts on 2026-01-28 09:00:00 and ends on 2026-01-29 13:59:59.
When must one register to participate in the auction?
Registration for the auction runs from 2026-01-21 00:00:00 until 2026-01-23 23:59:59.
What additional fees apply for the registering participant?
A guarantee deposit of 113 EUR and a registration fee of 10 EUR are required. The total amount is 123 EUR.
What does it mean that the share is being sold on state land without a formed plot?
Rights to the land plot are not transferred because the plot is on state land and has not been formally established. This may affect the future use and administration of the property under joint fractional ownership.
Does Turto bankas commit to evicting third parties or correcting cadastral data?
Valstybės įmonė Turto bankas does not commit to establishing the current state of the cadastral data (especially regarding the removed partition walls between rooms III-2 and III-3) nor to evicting the third party (co-owner) currently using the property.
What are the main benefits for selling this 20/100 share property?
The property is offered at a very low starting price (1139 EUR) for a 20/100 share of a 138.84 sq m total area residential building and a share of the utility building in the town of Kavarskas, which could be an opportunity to acquire fractional ownership.