Flat in Funchal - Madeira

Separate fraction designated by the letters AC, corresponding to the 5th floor for residential use of the urban building situated in the parish of Funchal (Sé), municipality of Funchal, described in the Funchal Land Registry under no. 375, and registered in the tax matrix under article 1387.

The property is a T2 flat within an 8-storey building with a lift.

It comprises an entrance hall, living room, two bedrooms, kitchen and bathroom.

It was not possible to ascertain the exact condition of the property, given that, as shown in the photographic record, it is completely filled with clothes and various items.

Please note that the property has been occupied by a third party for approximately 48 years, without a lease agreement, although the water and electricity contracts have been in their name since then.
The occupant is a person over 70 years of age with a certificate of incapacity.

Bidders are advised that requests to inspect the assets must be made at least 8 days before the auction closing date.

GENERAL RECOMMENDATION – ELECTRONIC AUCTIONS

• Before submitting a bid, you should check the condition of the asset, as it is sold in its physical and legal state as it stands. The areas indicated serve only as a reference, as no exact measurements were taken on site. Before making bids, prospective buyers should familiarise themselves with the qualities and characteristics and all other aspects they consider relevant, no liability being accepted for its state of repair.
• Pursuant to no. 6 of article 833 of the CPC, the sale of a property in which urban construction has been, or is being, carried out, or of a fraction thereof, may take place in its current state, exempt from the requirement for a licence of use or construction, the absence of which the body competent to formalise the act records in the document, it being the purchaser's responsibility to obtain the relevant legalisation
• As follows from no. 1 of article 54 of Law 91/95, of 2 September, in the wording given to it by Law no. 64/2003, of 23 August, the execution of any acts or legal transactions that may result in the creation of co-ownership or an increase in the number of co-owners of rural properties requires a favourable opinion from the municipal council of the location of the properties, it being the responsibility of the purchasers to submit it.
• Once a bid has been submitted, it cannot be withdrawn.
• The value assigned to the asset for sale does not include the taxes due on the transfer, whether IMT, IS, VAT or other special taxes, and it is the purchaser's responsibility to submit a declaration proving payment of these or that the transfer of the assets is not subject to them.

• PAYMENT OF THE PRICE WITHIN FIFTEEN DAYS IS MANDATORY. If the price is not deposited within that period, the Enforcement Agent may, with prior judicial authorisation, arrest the assets of the bidder who wins the auction and does not deposit the price - read carefully the provisions of article 825, no. 1, point c) of the Code of Civil Procedure.