Two-bedroom apartment located in Albufeira.

Apartment T2 · Albufeira e Olhos de Água, Albufeira   −49% vs Atlas estimate

At auction

Features

Property description

Autonomous fraction designated by the letter “D” corresponding to the dwelling located on Lot three, Floor two, 4th basement corresponding to Apartment A of the building constituted under the horizontal property regime located in the Castelinho Development, Lots 3 and 4 on Rua António Nobre, in the parish and municipality of Albufeira, registered in the urban property register of the union of parishes of Albufeira and Olhos de Água under article 7715 and described under No. 5946/19900606-D in the Land Registry Office of Albufeira.

Notes

IMPORTANT NOTICES: 1) The movable goods visible in the photos are NOT part of the sale. 2) The property is a T2 type, meaning it has 2 bedrooms. 3) The property is currently rented - see the "encumbrances and limitations" section and the attached lease agreement. 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 first refusal; c) Insolvency of the debtor; d) Payment of the debt; e) Possible verification of irregularities that invalidate the sale. Accept the offer, as the property for sale is in the possession of the tenant Otília Salomé de Jesus (custodian), she will be notified to voluntarily hand it over. If you fail to do so, the applicant will have to request the forced delivery of the property (see Article 828 of the CPC), a procedure that will incur costs that will be the responsibility of the applicant, in accordance with civil procedural law – See Article 50, No. 4 of Decree No. 282/2013 of August 29. The appointed custodian in the proceedings concerning the property for sale here is the tenant Otília Salomé de Jesus, therefore visits to the property by interested parties must be scheduled in advance with her, using the contact details provided in the "VISITS" section. Please also note the following: 1) This description does not exempt the applicant from personally verifying the state of conservation of the property, and the enforcement agent is not responsible for any subsequent changes in the physical conditions of the property. 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 buyer is 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 the bidder is an individual, they must be provided with the appropriate power of attorney, granting special powers for this act. The powers of representation, in either case, must be subsequently demonstrated in the respective enforcement proceedings, should the asset be awarded. If, within the context of the enforcement proceedings in question, it is found that the bidder/user does not have the claimed powers of representation, they are then considered PERSONALLY LIABLE for submitting the bid, incurring a whole set of responsibilities, such as those resulting from the failure to deposit the price, in accordance with 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.