An outstanding modern residence situated in the best area of Kaunas, Lithuania’s second largest city and former temporary capital, just 100 metres from the Cathedral. The property is one of the assets of a Property Development Company and included in the sale price are 18 building plots situated adjoining a small river in a beautiful valley to the North of Kaunas City. The total site area is 2.39 ha. (just under 6 acres) and the average plot size is 1200 m2 (1435 square yards). Consideration will be given to the sale of the residence and the development site separately if prospective purchasers of either are not interested in buying the entire company.

This is an unusual opportunity to acquire a Property Development Company as a going concern investment in a re-emerging fast growth area. The company is properly constituted and has a contractual arrangement with a local business qualified to deal with all accountancy matters. The company has no debts or borrowings and is being sold due to the ill health of its principal shareholders.

As stated above, consideration will be given to the separate sales of the residence and the development site, although the owners would prefer to sell the company as a whole. However, separate sale figures for the two assets will be provided on request.

The house was built by its present English occupier to an exacting specification, being completed in 2004. It has a floor area of 310 m2 (3337 square feet), of which 60 m2 (646 square feet) is basement. The property has a plot area of 800 m2 (957 square yards) and access to a minor city road.

The house is of all brick construction with 150mm cavity insulation. It has an asphalt tile roof with a fully insulated loft area. The house has the benefit of gas fired central heating.

The accommodation includes a large Living Room of 42 m2 (452 square feet) with yellow marble fireplace; Study with fitted dark pine book shelves (the two matching desks can be included); fitted Kitchen with oven, electric hob, microwave, dishwasher and fridge freezer.

Upstairs, there are four Bedrooms and three Bathrooms, with all bedrooms having access to an en suite bathroom. The ground floor also has a combined Utility and Bathroom with shower, bath, washing machine and clothes drier.

The basement includes a Wine Cellar, Workshop and Store. The large Double Garage of 56 m2 (603 square feet) has roller doors and there is a good sized Courtyard. A spacious "Winter Garden" runs the whole length of the house and has electric ventilation.

Outside are the mature Garden and entrance Rose Arch.

THE DEVELOPMENT SITE

The Building Plots are on a gentle South facing slope adjoining a small river (10metres wide) in a beautiful valley to the North of Kaunas City.

Disclaimer

Property reference 36114_36114_GB_V26K_DC. Details provided and maintained by INVEST ABROAD PROPERTIES, Birmingham. Countrylife.co.uk makes no warranty as to the accuracy or completeness of these details.