📝 Description
A 1/2 share of an administrative building, including a basement, is for sale in the city of Ukmergė at Kauno g. 11. The total floor area is 1193.66 sqm. Construction on this property was completed in 1977, with a renovation carried out in 2008, reaching an 88% completion status. Area breakdown: Basement - 214.41 sqm, First Floor - 524.93 sqm, Second Floor - 350.96 sqm, Third Floor - 51.23 sqm, Fourth Floor - 52.13 sqm.
Utilities include local central heating, municipal water supply, and sewage disposal. The asset generates rental income as two existing lease agreements are in place, covering 56.23 sqm (premises: 14-1; 14-2; 14-3; 14-4, plus a roof and attic portion up to 5 sqm). This allows for income generation while retaining half ownership.
The property sits on state land that totals 0.4083 ha; 0.2041 ha of this is leased specifically for commercial objects, with the land lease agreement valid until 2040-03-15 (the rent paid for 2024 was 1047,99 Eur). The buyer must independently manage all matters related to leasing or purchasing this state land by contacting the local municipality or the National Land Service.
The initial auction price for this 1/2 share is 236400 EUR. A mandatory deposit of 10000 EUR is required to participate. The auction runs from 2026-08-06 09:00:00 until 2026-08-07 13:59:59. Registration is open until 2026-08-03 23:59:59.
The winning bidder is responsible for all costs associated with finalizing the contract, including notary fees. The buyer must assess all aspects of the property’s condition, legal standing, and potential encumbrances, as the Seller is not liable for the property's suitability for the buyer's intended purpose or expectations.
Utilities include local central heating, municipal water supply, and sewage disposal. The asset generates rental income as two existing lease agreements are in place, covering 56.23 sqm (premises: 14-1; 14-2; 14-3; 14-4, plus a roof and attic portion up to 5 sqm). This allows for income generation while retaining half ownership.
The property sits on state land that totals 0.4083 ha; 0.2041 ha of this is leased specifically for commercial objects, with the land lease agreement valid until 2040-03-15 (the rent paid for 2024 was 1047,99 Eur). The buyer must independently manage all matters related to leasing or purchasing this state land by contacting the local municipality or the National Land Service.
The initial auction price for this 1/2 share is 236400 EUR. A mandatory deposit of 10000 EUR is required to participate. The auction runs from 2026-08-06 09:00:00 until 2026-08-07 13:59:59. Registration is open until 2026-08-03 23:59:59.
The winning bidder is responsible for all costs associated with finalizing the contract, including notary fees. The buyer must assess all aspects of the property’s condition, legal standing, and potential encumbrances, as the Seller is not liable for the property's suitability for the buyer's intended purpose or expectations.
❓ Frequently asked questions
What is the starting price for the administrative premises and what share is being sold?
A 1/2 share of the building is for sale, with a starting price of 236400 EUR.
When is the auction scheduled and when does registration close?
The auction begins on 2026-08-06 09:00:00 and ends on 2026-08-07 13:59:59. Registration closes on 2026-08-03 23:59:59.
What is the total area and primary use of the property?
The total area is 1193.66 sqm (including the basement). The purpose is administrative space; built in 1977, renovated in 2008.
What is the required fee for auction participation?
The mandatory deposit required for registration is 10000 EUR.
What is the status of the land lease for the sold object?
The object is on a state land plot (0.4083 ha), of which 0.2041 ha is leased for commercial use until 2040-03-15. Settling the lease terms is the Buyer's responsibility.
Is any part of the property currently leased, and what are the conditions?
There are two existing lease agreements covering 56.23 sqm. The buyer acquires the property subject to these existing tenant contracts.