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Housing

Madona Municipality Seeks Bidders for Residential Building Lease Rights

Strategic Insights

— 1 min read

Madona Municipality is selling the lease rights of a 1st floor residential building in the Arona parish, Madona Municipality, Latvia, at an oral auction. The building has a total area of 152.5 sq.m. and the lease term is 5 years. The auction will take place on October 24, 2025, at 1:30 p.m. at the Madona Municipality premises. The conditional rental fee is €0.50 per month per square meter, excluding VAT, with an auction step of €0.10.

Key Takeaways:

  • The Madona Municipality is auctioning the lease rights of a 1st floor residential building in the Arona parish, Madona Municipality, Latvia.
  • The building has a total area of 152.5 sq.m. and the lease term is 5 years.
  • The auction will take place on October 24, 2025, at 1:30 p.m. at the Madona Municipality premises.
  • The conditional rental fee is €0.50 per month per square meter, excluding VAT, with an auction step of €0.10.
  • Applications can be submitted to the Madona Municipality at Saieta laukums 1, Madona, at the records department, until October 23, 2025 at 5:00 p.m.
  • Applications can also be submitted electronically to the email address: pasts@madona.lv.

Statistics:

  • Total area of the building: 152.5 sq.m.
  • Lease term: 5 years.
  • Conditional rental fee: €0.50 per month per square meter, excluding VAT.
  • Auction step: €0.10.
  • Date of auction: October 24, 2025.

Sources:

  • https://www.madona.lv/lat/

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