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Mixed property located in Redondo

Active

Translated automatically from Portuguese.

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Current Price€1,200,000
Reserve Price€2,040,000
Auction Ends
Sourcee-leilões
Go to Auction at e-leilões

Technical Sheet

TypeHouse
Typologynão aplicável
Total area1,494,750 m²
Private area227 m²
Dependent area117 m²
OccupancyEmpty
ConditionNeeds Work

Address

AddressRua Manuel Joaquim Piteira
Postal Code7170-061
CityRedondo
CountryPT

Description

Mixed property situated in the parish of Redondo, municipality of Redondo, described in the Redondo Land Registry under no. 42, and registered in the urban tax matrix under 2367 and rural tax matrix under section 5 23, corresponding to 7 plots of arable land, irrigated arable land, cork oak woodland and holm oak woodland and vineyard, and 17 rooms for habitation - gross covered area 227 m² and a stable, bread oven, a henhouse and a pigsty. GPS COORDINATES: 38.621860, -7.663128

The property was handed over to the Enforcement Agent here present.
Despite the description in the Property Register Certificate and Permanent Land Registry Certificate, the following was found on site:
The property is an estate of about 150 hectares, the rural part consisting mostly of vineyards with an irrigation system, two ponds and three wells.
The urban part is a single-storey building with a workshop, a warehouse, a water treatment station, two storerooms, a bathroom, a space with a wood-fired oven and a space used by former employees with a living room, kitchen and bathroom.
In the same building, but with independent access, there is a house for the caretakers, comprising a kitchen, pantry, three bedrooms, a bathroom and also an annex used for storage.

The property is vacant and in a very dilapidated state, both in the urban and the rural parts.

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 must 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 licence of use or construction, the absence of which the competent entity for formalising the act records in the document, it being the buyer's responsibility to regularise it
  • As follows from no. 1 of article 54 of Law 91/95, of 2 September, in the wording given 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 buyers' responsibility to submit it.
  • Once a bid has been submitted, it cannot be withdrawn.
  • The value attributed 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 buyer's responsibility to submit a declaration proving payment of these or that the transfer of the assets is not subject to them.
  • DEPOSIT 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 attachment of the assets of the bidder who wins the auction and does not deposit the price - read carefully the provisions of article 825, no. 1, subparagraph c) of the Code of Civil Procedure.

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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