Rural property located in Zimbreiros (Insolv. Sociedade Imobiliária da Assomada)

Rural property located in Zimbreiros, registered at the Santa Cruz Land Registry Office under no. 5816 of the parish of Caniço and listed in the rural tax matrix under article 44 of section SS of the said parish.
The location of the property indicated by the platform does not match the GPS location, which is as follows: 32º38'59.3''N ; 16º49'25.2''W (Latitude 32.649802 and Longitude 16.823657).

The item is sold in its current physical, legal and documentary condition. The areas indicated are based on the rural tax matrix certificate, and the Insolvent Estate is not responsible for any discrepancies. It is the sole and exclusive responsibility of the purchasing bidder to verify the characteristics of the asset to be acquired, and therefore, before submitting a bid, the bidder must ensure that it meets their expectations and is in the required condition. The property is sold in its current state, so failure by the bidder to carry out this verification does not, under the law, result in the annulment of the sale. Arranging visits to the property, being a rural property, is the sole and exclusive responsibility of the purchasing bidder. Pursuant to article 164(6) of the CIRE and article 833(6) of the CPC, it is the buyer's obligation to legalise the properties where applicable. All costs associated with completing the purchase shall be borne by the buyer. The deed of sale will only be executed with the party submitting the bid and not with any third parties whom that party may nominate. The deed of sale will take place on a date and at a time to be set by the Judicial Administrator, at a notary's office and location to be designated by the Judicial Administrator. As an alternative to a public deed of sale, the Judicial Administrator may issue a Private Transfer Title for the property in question. The minimum accepted amount is that stated in «VALOR MÍNIMO» and not the opening value. Once the auction has closed, the Judicial Administrator will contact the winning bidder with the bank details for payment of 20% (twenty per cent) of the winning bid, so that the corresponding Auto de Adjudicação [adjudication record] can be issued. Once payment has been made, the proof of payment must be sent to the Judicial Administrator so that the latter can issue that document. The Auto de Adjudicação allows the winning bidder to pay the tax obligations arising from the sale. The payment slips issued by the Portuguese Tax and Customs Authority, together with the corresponding proof of payment, must be sent to the Judicial Administrator, as well as proof of payment of the balance of the price, in order to make the formalisation of the sale possible (public deed or private transfer title). In the case of a private transfer title, payment of the balance of the price will always be made before the title is handed over to the buyer. The Auto de Adjudicação serves only the purpose indicated and does not constitute any transfer of any property right. The final adjudication of this asset may be affected by the exercise of the right of redemption, pre-emption, or any other applicable right, as provided by law.
Please note that the company Promosolution – Promoção Imobiliária Lda, NIPC/MATRÌCULA 513962050, with registered office at Rua da Alfândega, n.º 10, 6.º-A, 9000-059 Funchal, has exercised its right of pre-emption over this property, which the Administrator of the Insolvent Estate and the largest creditor have accepted as valid.