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Rural property in Estói, Faro

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Translated automatically from Portuguese.

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Current Price€110,000
Reserve Price€187,000
Auction Ends
Sourcee-leilões
Go to Auction at e-leilões

Technical Sheet

TypeAgricultural Land
Typologynão aplicável
Total area49,940 m²
OwnershipFull Property
Ownership %100%

Address

AddressUnião das freguesias de Conceição e Estoi
Postal Code8005-436
CityFaro
CountryPT

Description

Rural property known as Monte José Lourenço, located at Cerro do Lobo, parish of Estói and municipality of Faro, consisting of cultivated land and scrubland, with carob trees, olive trees and almond trees, and a rural building, with an area of 49940m², bordered to the north by José Zita and others, to the south by João Faria, to the east by the path and to the west by the path and José de Mendonça Zita, currently registered in the land register under article 4990 of section AR of the parish of Estói and described at the Faro Land Registry Office under no. 4629, of the parish of Estói.

The sale is being handled by Rui Pedro T. Dias da Silva, with professional address at Rua Eduardo Conceição Pires no. 5, 8700-395 Olhão, fax no. 289 240 934 and e-mail 2462@solicitador.net.
The publication on this portal is not an auction but merely a means of advertising the sale; although it is possible to register bids, they only become effective once delivered to the person handling the sale, which must be done in writing by any means until the day and time this publication ends.
Therefore, bids must be submitted in writing (preferably by registered post, fax or e-mail) to the person handling the sale, and bidders must bear this in mind, which means that higher bids than those registered on the portal may exist.
The sale was ordered within the scope of a probate inventory proceeding.
It is the sole and exclusive responsibility of the bidder to verify the condition of the asset to be acquired, so before submitting a bid they should ensure that it meets their expectations and is in the conditions they require. They should also bear in mind that, given the particularities of the sale and the fact that the asset is not handed over at the time of adjudication, it may suffer deterioration or alterations, for which only the depositary will be liable.
The property is sold in its current state, so interested parties wishing to submit purchase bids are advised to verify the condition of the asset beforehand. Failure to carry out this verification by the bidder does not, under the law, result in the annulment of the sale.
Inspection of the asset may be carried out on working days between 10:30 and 12:00 and between 15:00 and 17:00, subject to prior contact with Dr. João de Sousa, with office at Rua Camilo Castelo Branco, 4 - Rc, Lj C - Edf Presidente, 8000-238 Faro.


AI market valuation

Market value, achievable rent and yield, with similar properties on the market today. Valued as legal and vacant.


Location

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