📝 Description
A 24/100 share of a residential house in Vilnius municipality, located at Geležinės g. 7, within the visual protection zone of Vilnius Old Town, is being sold.
This offers a unique opportunity to acquire a share in a historic protected area. However, the building has been physically damaged by fire and currently retains only 32% of its original condition. Although the real estate cadastre lists the area as 0.00 sqm following the fire, the purchase agreement will specify an area corresponding to the pre-fire total floor area of 177.91 sqm.
The property is a state-protected cultural heritage site within the visual protection zone of Vilnius Old Town (unique code 16073). Consequently, all construction, renovation, or reconstruction works in this territory are strictly regulated by the Law on Protection of Immovable Cultural Heritage of the Republic of Lithuania and related legal acts, requiring compliance with preservation requirements.
The property is sold in its current physical and functional condition. It is important to note that the seller, Vilniaus miesto savivaldybė, does not undertake an obligation to update or correct the real estate cadastre data which does not reflect the actual situation after the fire.
The starting auction price is 29183 EUR. Participants must pay a guarantee fee of 2918 EUR and a registration fee of 145 EUR by the end of the registration period. The purchase agreement must be signed within 30 days from the auction date, and the full amount paid within 10 days from signing the contract.
This offers a unique opportunity to acquire a share in a historic protected area. However, the building has been physically damaged by fire and currently retains only 32% of its original condition. Although the real estate cadastre lists the area as 0.00 sqm following the fire, the purchase agreement will specify an area corresponding to the pre-fire total floor area of 177.91 sqm.
The property is a state-protected cultural heritage site within the visual protection zone of Vilnius Old Town (unique code 16073). Consequently, all construction, renovation, or reconstruction works in this territory are strictly regulated by the Law on Protection of Immovable Cultural Heritage of the Republic of Lithuania and related legal acts, requiring compliance with preservation requirements.
The property is sold in its current physical and functional condition. It is important to note that the seller, Vilniaus miesto savivaldybė, does not undertake an obligation to update or correct the real estate cadastre data which does not reflect the actual situation after the fire.
The starting auction price is 29183 EUR. Participants must pay a guarantee fee of 2918 EUR and a registration fee of 145 EUR by the end of the registration period. The purchase agreement must be signed within 30 days from the auction date, and the full amount paid within 10 days from signing the contract.
📍 Location
📍 Vilniaus m. sav. Vilniaus m. Geležinė g. 7
❓ Frequently asked questions
What is the starting auction price for the property being sold?
The starting price for the 24/100 share of a residential house at Geležinės g. 7, Vilnius, is 29183 EUR.
When will the 2026 auction in Vilnius for the property share take place?
The auction starts on 2026-02-24 09:00:00 and ends on 2026-02-25 13:59:59.
What additional fees must be paid when submitting an application to the auction?
The participant's guarantee fee is 2918 EUR, and the registration fee is 145 EUR. These fees must be paid by the end of the electronic auction registration period.
What are the main restrictions regarding maintenance of this property in Vilnius?
The property is within the visual protection zone of Vilnius Old Town, so construction, renovation or reconstruction works are regulated by the Law on Protection of Immovable Cultural Heritage of the Republic of Lithuania.
What condition of the property is specified in the purchase agreement?
The immovable property is sold in its current physical and functional condition. The building has been damaged by fire and currently retains about 32% of the asset. The cadastre lists an area of 0.00 sqm, which will be recorded in the contract.
When can the sale of the 24/100 share of the house at Geležinė g. 7 be conducted?
Sales are planned for 2026-02-02 15:00 and 2026-02-09 15:00, but the time must be coordinated in advance with responsible specialists.