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Rural property - Ribeiro de Alforra and Fonte Garcia - VERBA 1

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Translated automatically from Portuguese.

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Current Price€8,669
Reserve Price€14,591
Auction Ends
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Technical Sheet

TypeAgricultural Land
Typologynão aplicável
Total area590 m²
OwnershipFull Property
Ownership %100%

Address

AddressVereda Levada do Norte 500
Postal Code9325-089
CityCâmara de Lobos
CountryPT

Description

Rural property bounded to the north by the heirs of Augusta Teixeira, to the south and west by Manuel Gomes Henriques, to the east by José Paulino Faria, situated at Ribeiro de Alforra and Fonte Garcia, parish and municipality of Câmara de Lobos, described in the Land Registry Office of Câmara de Lobos under no. 7159 and registered in the respective land register under article 1 of section A11, arv. 589.

The property in question lies in a high residential area of the parish, characterised by detached single-family houses interspersed with small agricultural plots. It is an area with reasonable road access. It enjoys good sun exposure and panoramic views over the parish. The property is served only by pedestrian access, but with road access nearby.
The sale arises from an inventory action.
Before bidding for the asset, the bidder should familiarise themselves with the bidding rules set out in Despacho 12624/2015, of 9 November, the provisions relating to sale contained in the C.P.C. and also Portaria 282/2013, of 29 August, failing which no non-conformity may subsequently be alleged, the assets being sold in the condition in which they stand, both in fact and in law. Verification of the condition of the property is the full responsibility of interested parties, who should visit the property before submitting any offer. Visits will be arranged in advance through the contacts indicated in the visit arrangements with the appointed Enforcement Agent, and will take place up to 5 days before the final date of the auction. It is the sole and exclusive responsibility of the bidder to verify the condition of the asset to be acquired; therefore, before submitting an offer they should ensure that it meets their expectations and is in the desired condition. By submitting an offer, the interested party is presumed to have inspected the asset and to know its characteristics, and any liability for its condition is disclaimed. The asset is sold in the state in which it stands, both in fact and in law, so failure to carry out this verification by the bidder does not, under the law, result in the annulment of the sale. All costs associated with the acquisition shall be borne by the purchaser.


AI market valuation

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


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