Commercial or industrial property for auction - Tallinn, 158.4 m²

Description

Commercial property is for sale in Tallinn, in the city center, located at Lossi Platz 5 // Rutu St 1. The plot size is 453 m², of which 55% is residential land and 45% is commercial land. The separate ownership item, non-residential space no. 5, has a total area of 158.40 m². The property is registered in the Tartu County Court's land registry under number 18796601, with a cadastral code of 78401:101:0045. The commercial space is situated in a historic limestone building that underwent restoration in 2005. The building has cultural significance, being a monument numbered 3006 and located in a protected heritage area numbered 2589. There are certain restrictions placed on the property. The bailiff will not transfer direct possession of the property to the buyer, so the transfer must be agreed upon with the previous possessor. If the buyer is unable to reach an agreement with the owner, they have the right to request the issuance of possession of the property in a separate enforcement proceeding. Rights that hinder the auction must be resolved before the distribution of results. Property and building details: - Cadastral unit: 78401:101:0045 - Plot area: 453 m² - Residential land: 55% - Commercial land: 45% - Buildings: Other residential building with three or more apartments, in use since 1952, 3 floors, closed net area 512 m² Procedure: enforcement proceedings Auction organizer: Kaire Põlts, bailiff Starting price: €580,000 Deposit: €10,000 Bid increment: €2,000 Registration: 12.10.2026 20:08 - 12.11.2026 12:00 Auction: 12.11.2026 12:00 - 20.11.2026 13:00 Deposit payment deadline: 12.11.2026 12:00 Land registry part: 18796601 Discover more auction properties at Fixatia.

Property Details

Property Type

Commercial

Year Built

1952

Plot Size

453 m²

Floors

3

Location