Rural property – Pasture and vegetable garden, situated at Porto Pinheiro, Querença

Rural property, comprising pasture land, a vegetable garden and 1 orange tree, with an area of 840.00 m2, bordered to the north by the Barros stream, to the south by Pias, to the east by Manuel Francisco Costa (deceased) and to the west by Álvaro Rosa de Sousa, situated at Porto Pinheiro, parish of Querença, municipality of Loulé, registered in the respective property register under article 3360, current parish of Querença (formerly article 9239, of the Union of Parishes of Querença, Tor and Benafim, and before that art. 3427, parish of Querença), described in the Loulé Land Registry Office under no. 132/2009092 - parish of Querença, with a rateable value (valor patrimonial) of € 10.19.

Judicial sale, by private negotiation, ordered in Inventory Proceedings No. 2697/22.1T8LLE, in which the Enforcement Agent was appointed as Person in Charge of the Sale (Encarregada da Venda).
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, they should ensure that it meets their expectations and is in the desired condition. Failure by the bidder to verify the condition of the property does not, under the law, result in the annulment of the sale. By submitting a bid, it is presumed that the interested party has viewed the property and knows its characteristics, and no liability is accepted for any discrepancy between the documentary and physical reality.
As this is rural property, interested parties may visit at any time as access is free, and they may be accompanied by the Person in Charge of the Sale if they so wish.
Publication on this portal is not an auction but merely a means of publicising the sale; although bids may be registered, they only take effect once delivered to the person in charge of the sale, which must be done in writing by any written means up to the day and time when this publication ends. Accordingly, bids must be submitted in writing to the person in charge of the sale, so bidders should bear this in mind, which means higher bids than those registered on the portal may exist.
ONLY BIDS EQUAL TO OR HIGHER THAN THE RESERVE PRICE WILL BE ACCEPTED. The "reserve price" (valor mínimo) is the value from which the property may be sold and which, under Article 816(2) of the CPC, corresponds to 85% of the starting price (valor base). The property will be transferred in the name of the bidder and not in the name of third parties whom they may indicate.
PLEASE NOTE that after the close of the sale, the bidder of the highest bid (provided it is equal to or higher than the reserve sale price) is notified to, WITHIN 15 (FIFTEEN) days, deposit the full amount of the price offered, together with any applicable taxes.
PLEASE NOTE ALSO that the consequences provided for in Article 825 of the Code of Civil Procedure apply if the price deposit is not made within 15 days of being notified by the Person in Charge of the Sale/Enforcement Agent, namely by decision of the Judge, "seizure (arresto) of sufficient assets to guarantee the outstanding value plus costs and expenses, without prejudice to criminal proceedings, and the latter being simultaneously enforced in the same proceedings for payment of that value and additions.
In the event of recourse to bank credit, please note that the 15 days for the price deposit after notification by the Enforcement Agent are not suspended, except in cases provided for by law.