AUCTION with a starting price of €74,000

APARTMENT WITH A BALCONY ON KUKLASE STREET IN A QUIET MUSTAMÄE QUARTER

For sale at public auction is a 29.8 m² apartment in need of major renovation at Kuklase 6-56, Tallinn.

The apartment is located in a quiet inner quarter of Mustamäe, away from major roads and traffic noise. Mustamäe Keskus is within walking distance, and TalTech (TTÜ) is just a few public transport stops away. Nearby are shops, services, public transport stops, and everything necessary for daily life.

The apartment has a balcony where you can spend time comfortably during warmer weather. As part of the building's comprehensive reconstruction, the balcony will also be renovated and glazed.

The apartment's utility costs have been reasonable. Based on previous invoices, utility costs were 103 euros in December and March, and 57 euros in June.

BUILDING AND APARTMENT ASSOCIATION

There is an active and functional apartment association in the building. According to the association's plans, the comprehensive reconstruction of the building will begin in the autumn of 2026. The planned works include, among other things, upgrading the building's technical systems and exterior walls, tidying up the basement areas, and renovating and glazing the large balconies.

According to the apartment association's initial estimate, the expected loan payment related to the renovation will be approximately 2.5–3 euros per square meter of the apartment per month. The exact payment, scope of work, and schedule depend on the final decisions of the apartment association, construction costs, and financing conditions.

The building's parking area is restricted by a barrier. All apartment owners will receive a remote control for the barrier, and the gate can also be opened with a phone call. Parking spaces are not assigned to specific apartments, and parking is on a first-come, first-served basis. Under the current usage rules, there have been enough parking spaces for residents.

The apartment is in need of major renovation and gives the new owner the opportunity to design a home or investment property entirely according to their own wishes.

AUCTION INFO

Starting price of the auction: 74,000 euros
Minimum bid increment: 500 euros

The auction begins on August 17, 2026, at 14:00.

The auction ends on September 8, 2026, at 14:00.

VIEWING THE APARTMENT

The apartment can be viewed on the following client days:

August 19, 2026, from 16:00–18:00

August 26, 2026, from 13:00–15:00

September 4, 2026, from 16:00–18:00

Please register in advance to view the apartment using the contact details provided in the listing.

REGISTERING FOR THE AUCTION

To participate in the auction, the bidder must register in the auction environment and submit:

– first and last name;
– e-mail address;
– phone number.

When bidding on behalf of a company, the following must also be noted:

– company name and registration code;
– name of the representative;
– basis of representation, i.e., status as a board member or representation based on a power of attorney.

The seller and the auction organizer have the right to request additional documents to verify the bidder's identity, authority to represent, or power of attorney. Registration with incomplete or incorrect data may not be confirmed.

IMPORTANT AUCTION TERMS

A bid made at the auction is binding on the bidder and cannot be withdrawn after submission.

The bidder is responsible for verifying their financing capacity before making a bid. Failure to obtain a loan or other financing does not release the auction winner from the bid made or the obligation to conclude the sales contract.

The winner of the auction is the person who made the highest compliant bid after the auction result is confirmed by the seller. Making the highest bid does not automatically mean the conclusion of a sales contract before the result is confirmed.

The winner of the auction must conclude a notarized sales contract within one month at the latest after the confirmation of the auction result, unless otherwise agreed in writing with the seller.

If the sales contract is not concluded for a reason arising from the auction winner, the seller has the right to cancel the auction result, demand compensation for damages, offer the apartment to the person who made the next best bid, or organize a new auction.

The purchase price must be fully paid before the conclusion of the notarized sales contract or deposited in the notary's deposit account under conditions determined by the notary.

All notary fees, state fees, and costs related to entering the buyer's ownership in the land register are paid by the buyer.

APARTMENT CONDITION AND HANDOVER

The apartment is sold in its existing condition. The apartment is in need of major renovation, and the seller will not perform any repairs, improvements, or cleaning before the handover of the apartment.

The apartment will be handed over to the buyer together with all movable property and other items present in the apartment during the viewing. The seller is not obliged to remove, sort, or utilize any items, furniture, waste, or other property in the apartment. No warranty is given for the quality, completeness, or working order of the movable property in the apartment.

The bidder has an obligation to familiarize themselves with the actual condition of the apartment, documents, decisions of the apartment association, and the planned renovation and related obligations before making a bid.

By making a bid, the bidder confirms that they have viewed the apartment or have knowingly waived the inspection of the apartment and accepts the visible condition of the apartment and the need for major renovation.

Possession of the apartment will be handed over to the buyer after the full payment of the purchase price and the conclusion of the notarized sales contract at a time agreed upon by the parties. A handover and acceptance protocol will be drawn up upon handover.

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