One-bedroom apartment located in Alvor, Portimão.

Apartment T1 · Alvor, Portimão   −32% vs Atlas estimate

At auction

Features

Property description

Autonomous unit identified by the letter “D” comprising 2 rooms, kitchen, bathroom, pantry, located in the Ribeira da Amoreira Building, Ground Floor Right, Alvor parish, Portimão municipality, better described in the Portimão Land Registry under description No. 2657/19971009 – D, of the Alvor Parish, registered in the urban property register of the Alvor parish under article 4810.º

Notes

IMPORTANT NOTICES: 1) The movable goods visible in the photos are NOT part of the sale. 2) The property for sale is a T1 type, meaning it consists of 1 bedroom - see photos above. 3) The property's location is as follows: Ribeira da Amoreira Building, Ground Floor Right, Unit D, Alvor parish, Portimão municipality. Please note that several events could lead to a different outcome than expected, namely: a) Exercise of the right of redemption; b) Exercise of the right of pre-emption; c) Insolvency of the debtor; d) Payment of the debt; e) Possible verification of irregularities that invalidate the sale. The appointed custodian in the proceedings concerning the property for sale here is the enforcement agent Eurico Miguel de Oliveira. Therefore, visits to the property by interested parties must be scheduled in advance with him, using the contact details provided in the "VISITS" section. Please also note the following: 1) This description does not replace the need for an on-site inspection of the property's condition. The enforcement agent is not responsible for any subsequent changes to the property's physical condition. The property is sold in its current physical, legal, and documentary state. 2) By submitting a proposal, it is presumed that the interested party has viewed the property and is familiar with its characteristics. 3) Only proposals equal to or greater than the minimum sale price (which corresponds to 85% of the base value) will be accepted. 4) In accordance with paragraph 6 of Article 833 of the Code of Civil Procedure, this transfer is exempt from the requirement to present a license for use or occupation, and the purchaser is hereby advised of the burden of legalizing the property, should this be necessary. 5) If bidding on behalf of or representing a third party, before doing so, you must ensure that you have sufficient powers to bid on behalf of that third party, and: - If bidding on behalf of a legal entity, you must be its legal representative, with effective powers for the act, in accordance with the company's articles of association. - If you are a natural person, you must be provided with the appropriate power of attorney, with special powers for the act. The powers of representation, in either case, must be subsequently demonstrated in the respective enforcement proceedings, should the property be awarded. If, during the execution process in question, it is found that the bidder/user does not have the powers of representation claimed, then they are considered PERSONALLY LIABLE for submitting the proposal, incurring a whole set of responsibilities such as those resulting from the failure to deposit the price, under Article 825 of the Code of Civil Procedure.

Content automatically translated — the original text is in Portuguese.

Atlas aggregates this information for informational purposes and is not a party to the transaction. The discount analysis is indicative, based on the parish's median prices.