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Land Plot for Low-Rise Construction in Rietavas Municipality (Panavadis Village), Starting Bid 3700 EUR

📝 Description

★★★★★ ★★★★★ 3.5
Half of a land plot is for sale in Rietavas Municipality, Panavadis village, at address 1. This parcel is designated for low-rise residential building, making it an excellent investment for new housing projects. The sale is conducted via insolvency administrator bidding. The total starting price for the object is 3700 EUR. The unique identification number for the sold portion is 4400-0465-7656, and the cadastral number is 6870/0003:332. Viewings can be arranged by prior appointment to assess the property. Importantly, this asset is not subject to VAT, simplifying the purchasing process in that regard.

Insolvency administrator EGLĖ GABRĖNIENĖ manages this sale. The auction begins on 2026-03-24, and bidding closes on 2026-04-23 09:00:59. Buyers must note that only a 1/2 ownership share is being sold; this is a crucial condition affecting future land use or construction plans.

Information regarding any real estate liens or restrictions is listed as "Other restrictions." Prospective buyers are strongly advised to thoroughly investigate the nature of these restrictions.

📍 Location

📍 Rietavo sav. Panavadžio k. 1

❓ Frequently asked questions

What is the starting price for the land plot at 1 Panavadis village, Rietavas municipality, up for auction?
The starting price for the land plot designated for low-rise residential building construction is set at 3700 EUR.
When does the auction start and when does bidding end?
The auction starts on 2026-03-24 09:00:00 and ends on 2026-04-23 09:00:59.
What percentage of this real estate is being sold?
Only a 1/2 (half) share of the total land plot is being sold.
What is the unique identification number for the sold portion and the address?
The unique number is 4400-0465-7656, and the address is 1 Panavadis village, Rietavas Municipality.
Is this property subject to VAT?
No, the property being sold is not a VAT object.
What is the land plot's intended use, and how can I inspect the property?
The plot is designated for low-rise residential building construction. An inspection is possible by prior arrangement with the organizer.

⏱ Auction time

Auction live

Auction

Until: 2026-04-23 09:00:59
Left: 28 days

🏠 Property details

📍 Address
Rietavo sav. Panavadžio k. 1
Type
Pirmosios
Subtype
Sklypai
Cadastral No.
6870/0003:332
⚠️ Restrictions
Kiti
Object ID: 414915
💰 Starting price
3700.00 €
Participate in auction
🔑 Keywords
land plot Rietavas municipality plot for small house construction land plot auction 3700 EUR Panavadis village plot 1/2 share land sale