urban building in Lagos

House não aplicável · São Gonçalo de Lagos, Lagos   No Atlas estimate

At auction

Features

Amenities detected in the official auction description — confirm on the e-leiloes.pt listing before bidding.

Property description

Urban building registered in the land registry under article 1544 of the Parish of São Gonçalo de Lagos and described in the Lagos Registry Office under entry no. 4176 of the Parish of S. Sebastião.

Notes

The debtor, António Germano do Rosário Dias Louzeiro, passed away during the course of the proceedings, therefore the debt was transferred to his heirs. The house, initially intended for residential use, underwent alterations to be transformed into a café. A slab and walls were built in the backyard to create a large shop, and four small rooms were constructed above the slab, resulting in small apartments. The plot of land is approximately 150 m2, not the 140 m2 indicated in the land registry. All alterations carried out were not subject to any municipal licensing. It is the sole and exclusive responsibility of the bidder to verify the condition of the property to be acquired. Therefore, before submitting a bid, the bidder must ensure that the property meets their expectations and is in the desired condition. Failure to verify the condition of the property by the bidder does not, under the law, invalidate the sale. By submitting a bid, it is presumed that the interested party has viewed the property and is aware of its characteristics, and any responsibility for its state of conservation is declined. The property is sold in its current condition, without the need for a usage license, and it is the responsibility of the buyer to legalize it if necessary in the future. After the auction begins, a date and time will be scheduled for visits. Potential interested parties should email the auctioneer, who will inform them of the designated dates. ONLY BIDS EQUAL TO OR GREATER THAN THE MINIMUM VALUE WILL BE ACCEPTED. The "minimum value" is the value from which the property can be sold and corresponds, according to paragraph 2 of article 816 of the Portuguese Code of Civil Procedure, to 85% of the base value. The transfer of the property will be made in the name of the bidder and not to third parties that they may indicate. Sale subject to IMT (Property Transfer Tax) and Stamp Duty (if applicable under the respective codes). If the offer is accepted and the property is occupied, the occupant will be notified to voluntarily hand it over. If they fail to do so, the proposer will have to request the forced delivery of the property, a procedure that will incur costs that will be the responsibility of the proposer, in accordance with civil procedural law.

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.