Vidus iela, Rīga

Real Estate at the address: the Republic of Latvia Riga, Vidus iela 2 (cadastral identification No. 01000110018, land plot area 1108 sq.m, the national real estate cadastre unit identification No. KV1131 (hereinafter – Real Estate ). The Seller’s title to the Real Estate is registered in the Riga City Land Registry Folio No.1741). The starting price of the Real Estate to be sold on the auction shall be fixed at 1 750 000 EUR. The auction security deposit is 5% of the auction starting price. The outbidding amount or increment is 10’000 EUR.

The prospective bidders shall register to the oral auction at janiss@latio.lv
The deadline for the registration is 5th September 2023.
The application for the registration shall be submitted in Latvian, Estonian or English and the same shall include the following data:
1) name and family name, or company name of the bidder, identification number or registration number, and the postal address;
2) confirmation of participation in the Real Estate auction under the regulations provided;
3) payment order on auction security deposit payment shall be attached to the application. The auction security deposit of 5% of the auction starting price shall be paid by the applicant before the submission of the application, to the current account of the Ministry of Finance of the Republic of Estonia, at Swedbank AS, account No. EE932200221023778606, reference no. 2800047423, the payment purpose: “Auction security deposit for Vidus iela 2, Riga”. The payment order certifying the auction security deposit payment shall be submitted attached to the application for partition in the auction.
4) the signature of the bidder. When the application is submitted by a representative of a legal entity or a natural person – a power of attorney certifying representation right shall be attached. The power of attorney is not required if the application is submitted by a lawful representative of the legal entity on behalf thereof.

The oral auction shall take place at the address Republic of Latvia, Riga, Skolas iela 13, LV-1010 on September 12 2023 at 14:00.
The auction shall be organized by the company registered in the Republic of Latvia, Latio LLC, registration No.41703000843, address Elizabetes street 21a, Riga, LV-1010, telephone: +371 67032300, e-mail: latio@latio.lv, hereinafter – the auction organizer.