Terms of the auction
A public auction is a way of selling, where a contract of sale is concluded with the bidder, who has offered the highest purchase price and agrees to the additional terms and conditions established. The auction period is six months, during which the person interested in buying the Patarei sea fortress will be able to familiarize themselves with the property, terms of sale and make their own offer. Starting price is 4.5 million euros.
In order to participate in the public auction of the Patarei sea fortress, the offer must be submitted by November 19th 2019.
The qualification documents will be opened at the State Real Estate office in Tallinn, Lelle 24, November 19th 2019 at 14.15. The committee will evaluate the compliance of the bidders with the presented terms and conditions and inform the compliance evaluation results of the offers.