Property in Lot - Hotel Unit named "Valley View Hotel Encumeada"

Sale in a lot of a hotel unit named "Valley View Hotel Encumeada", a 3-star hotel with 50 rooms, built on an urban property with an area of 8,040.00 m2, together with a remaining area of rustic land with a total area of 17,115 m2, located halfway up the mountain, at the locality of Feiteiras, next to the access road to Encumeada, in the Parish of Serra de Água, Municipality of Ribeira Brava and District of the Autonomous Region of Madeira. The hotel unit consists of a mixed property described at the Ribeira Brava Land Registry under record 518 of the parish of Serra de Água and registered in the land register under articles 5079 (rustic), 7994 (rustic) and 763 (urban) of said parish, and of five rustic properties described at the Ribeira Brava Land Registry under records 749, 513, 2778, 944 and 897 of the parish of Serra de Água and registered under land register articles 5081, 5078, 7995, 5077 and 5080 of said parish.

It is developed over 5 floors, namely: basement -1, circulation, laundry, laundry store, male and female toilets, 2 stores, rubbish room and vertical access to the upper floor. Ground floor with restaurant entrance hall, bar entrance hall, female toilets serving the bar, male toilets serving the bar, hall of the toilets serving the restaurant, restaurant, male toilets serving the restaurant, office, bar, kitchen, changing rooms, male and female toilets serving the restaurant, female toilets serving the restaurant, access to the bottle store, existing storage, office, veranda, pump room. First floor reception, lobby, lounge, reservations office, luggage store, circulation and rooms. Second floor circulation and rooms. Third and top floor circulation and simple suites.
-This is a building of about 20 years old, with a reinforced concrete structure, masonry of rendered and painted cement blocks, interior flooring in ceramic mosaic in the dry areas and wet areas, with the rooms having floating timber flooring, exterior openings in aluminium frames with double glazing and a tiled roof. As special installations, the hotel has central heating and a photovoltaic installation to supply electricity to the hotel and sell surplus energy to the grid.
-The property is in good state of conservation, given the characteristics of the floor, interior and exterior painting, sanitary and kitchen equipment, as well as the door and window frames.

• Interested parties are advised that it is their sole and exclusive responsibility to verify the condition of the property to be acquired, and they should, before submitting a proposal, ensure that it meets their expectations and is in the desired condition. The property is sold in the state in which it stands, and interested parties wishing to submit purchase proposals are therefore advised to carry out a prior verification of the condition of the property.

-Failure to carry out this verification by the bidder does not, under the law, result in the annulment of the sale, nor can it be invoked as grounds for nullity thereof. The above information does not exempt from
consulting the property documentation made available.