Transformer Substation in Valongo

Urban building located at R. André Gaspar, 344 and 354, transformer substation of 20 m2 - R. André Gaspar, 354, ground floor, 4440-529 VALONGO, described in the Land Registry Office of Valongo under no. 2080, fraction M, parish of Valongo, registered in the respective property tax register under art. 5026.

Transformer substation.

It is the sole and exclusive responsibility of the bidder to verify the condition of the asset to be acquired; therefore, before submitting a bid, they should ensure that it meets their expectations and the conditions they require. The property is sold in the state in which it stands, and interested parties wishing to submit purchase bids are advised to carry out a prior inspection of the condition of the asset. Failure by the bidder to carry out this inspection does not, under the law, result in the annulment of the sale. Interested parties wishing to view the property must be registered on the e-leilões platform in order to access the contact details of the faithful depositary. By submitting a bid, the interested party is presumed to have inspected the property and to know its characteristics, and no liability is accepted for its state of repair. A bid cannot be cancelled once placed; the bid is final and cannot be revoked, cancelled or altered in any way.

Please note that after the close of the auction, the bidder of the highest bid (provided it is equal to or above the reserve sale price) will be notified to deposit the full amount of the price offered, together with any applicable taxes, within 15 days,

Once the price deposit and payment of the taxes relating to the sale of the property have been made, a public deed signing will be scheduled.

If the price deposit is not made within 15 days after notification by the Enforcement Agent, attention is drawn to the consequences provided for in article 825.º of the Civil Procedure Code, namely, by decision of the Judge, “the attachment of sufficient assets to guarantee the missing amount plus costs and expenses, without prejudice to criminal proceedings, and this being simultaneously enforced within the same proceedings for payment of that amount and increases.

In the case of bank credit, please note that the 15 days for the price deposit after notification by the Enforcement Agent do not suspend, except in the cases provided for by law.

The faithful depositary having been advised of their duties, including that of showing the property to anyone wishing to view it.

Please note that only bids received through the platform will be considered, as the electronic auction offers greater guarantees of transparency, disclosure and equality.