Hotel + Restaurant, Pilies st. 8A, Vilnius

Hotel and restaurant Pilies st. 8A in the old town of Vilnius. The building is in one of the most prestigious parts of the old city of Vilnius, a one hundred meters from the Arch Cathedral and Gediminas Castle Hill. Easy access to the main locations of Vilnius, conference halls and hotels.

The market value of the appraised object was determined in 16th September in 2019.
On the date of value determination (September 16, 2019), the object of the assessed property, which consists of 638.67 sq. m area non-residential premises – hotel, unique number: 4400-1204-0478:1102 (the market value of the building in which the premises are located, unique number and certificate located at Pilies St. 8A, Vilnius, taking into account the discussed conditions and limiting circumstances, the nature of the property and the valuation case, the information examined above, may be 1,500,000 Euros (one million five hundred thousand Euros).

The valuable object of the property is located in one of the most attractive and convenient places in the city – in the old town of Vilnius, it surrounded by an attractive environment, the area in question is characterized by a high concentration of services, trade, cultural events and entertainment popular with Vilnius residents and guests.

The object’s location in the city’s transportation infrastructure makes it exceptionally convenient and well accessible in all directions in the main directions. Excellent visibility. The evaluable object of the property is found in immovable cultural values territory and its protection zone.

Assessment premises located at Pilies g. 8A, LT-01403 in Vilnius, physical condition is good.

The existing main purpose and method of use of the plot of land
The current main purpose of the plot of land is another; method – land of other purpose: residential, commercial objects and infrastructure territory (for a residential building with administrative and commercial premises and for the operation of a transformer substation structure).

Existing and/or intended main purpose of use of the structures, types of structures
The main purpose of use of the buildings is existing and/or expected: residential purpose, changing to catering purpose.

Type
Hotel 638.67 + 223.80 sq.m. m area restaurant.