Apartment located in Quelfes/ Olhão

Independent unit designated by the letters AH, corresponding to the THIRD FLOOR, RIGHT, BLOCK D - Intended for residential use - Typology T3, with a storage room in the basement numbered 51 and a parking space numbered 84, of the urban property located at the corner of Azinhaga da Patinha and the Caminho da Padaria - Sítio de Peares, parish of Quelfes, municipality of Olhão, described at the Land Registry Office of Olhão under number 5928, and registered in the tax matrix under article 7971

The custodian of the property has not authorised photographs of the interior, as the household of the custodian lives in the property; however, access has been granted to the Enforcement Agent.

Apartment of typology T3, comprising entrance hall, living room with balcony, three bedrooms, one of which is an en-suite, kitchen, bathroom, garage space numbered 84 and a storage room in the basement identified by number 51.
The property is well kept, but shows signs of damp on the walls and ceilings, and the debtor has declared that there are leaks into the flat below in the area of the en-suite.
The property is in reasonable condition of repair, suffering from some damp spots, mainly on the ceiling of the glazed balcony.

It is further reported that a lease agreement dated 20/12/2020 was filed with the court, for a term of 25 (twenty-five) years, automatically renewable for equal and successive periods.

However, the said lease agreement is not registered with the Tax and Customs Authority (AT).

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

GENERAL RECOMMENDATION – ELECTRONIC AUCTIONS

• Prior to submitting a bid, you must verify the condition of the property, 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 have been taken on site. Before submitting bids, prospective buyers should acquaint themselves with the qualities and characteristics and all other aspects they consider relevant, no liability being accepted for its state of repair.
• Under paragraph 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 the state in which it is found, without the requirement for a licence of use or construction, the absence of which the entity competent to formalise the act records in the document, with any legalisation being the buyer's responsibility
• Once a bid has been submitted, it cannot be withdrawn.
• The value attributed to the property for sale does not include the taxes due on the transfer, whether IMT, Stamp Duty, VAT or other special taxes, and it is the buyer's responsibility to present 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, seek the arrest (freezing) of the assets of the bidder who wins the auction and does not deposit the price - please read carefully the provisions of article 825, paragraph 1(c) of the Code of Civil Procedure.