Two-bedroom apartment in Armação de Pêra

Fração autónoma designated by the letters "BT", intended for residential use, comprising the sixth floor at the northernmost end of the building, door at the far end of the corridor, door number three, a T2 flat, with the right to use one parking space in the basement, duly marked and identified as no. 14, of the urban building registered in the urban land register under article 2218, in the parish of Armação de Pêra, municipality of Silves, and described in the Silves Land Registry Office under no. 1227-BT, parish of Armação de Pêra, with a tax property value of €68,865.16

CONDITIONS OF SALE: 1. In insolvency proceedings, the assets are sold in the physical and legal condition in which they stand and are transferred free of encumbrances or charges; 2. It is the responsibility of interested parties to visit and inspect the assets – by appointment – in particular as regards the areas, against the official documents, the purchaser assuming responsibility for the purchase of what they have visited and undertaken to acquire, regardless of whether they have carried out the visit or inspection of the asset; 3. No visits will be scheduled in the last five working days before the closing date of the auction, unless expressly indicated otherwise by the Judicial Administrator. Requests for a visit must be made by prior appointment, by sending a request to the email address jose.a.cecilio@aj.caaj.pt, and may be sent from the start of the auction until six working days before its closing date; 4. Sales in insolvency proceedings are exempt, under the Law, from the presentation of the Licence of Use, Energy Certificate and other municipal documentation (in accordance with no. 6 of Art. 833 of the CPC and no. 6 of Art. 164 of the CIRE), and therefore, under the same legal provisions, it is the purchaser's responsibility to legalise the properties, where applicable; 5. By submitting a proposal, interested parties are presumed to have inspected the property and to know its characteristics, and any liability for its state of repair is disclaimed, as well as for any incorrect description of the information or photographic record that may mislead, and the interested party should also enquire with the competent authorities about other characteristics, licences and/or other aspects they consider relevant. Failure to verify these does not constitute grounds for annulment of the sale; 6. No assets will be awarded for bids below the reserve price; 7. Upon award, the successful bidder shall pay, by bank transfer or certified cheque, 20% of the sale price, as a deposit and part payment, payable to the Insolvent Estate; 8. Once payment of the 20% has been secured, the relevant deed of sale/DPA (private purchase agreement) will be scheduled, to be executed within a maximum of 60 working days after the award, at a place, date and time to be set by the Insolvency Administrator, the successful bidder being notified of the day, time and place for its execution. 9. All costs arising from the execution of the relevant deed of sale/DPA shall be borne by the purchaser; 10. The deed of sale/DPA will only be executed with the winning bidder, and assignment of the contractual position is not permitted; 11. The balance of the sale price shall be settled at the execution of the deed of sale/DPA, by bank or certified cheque payable to the Insolvent Estate or alternatively by bank transfer to the insolvent estate's account at least 5 days in advance; 12. Movable assets are not included in the sale; 13. It is the sole and exclusive responsibility of the bidder to verify the assets offered for sale, and they must ensure that these meet their expectations and are in the conditions sought; accordingly, failure to verify the assets, their operating condition, the existence of licences/permits and/or unawareness of any characteristics are not grounds for annulment of this sale; 14. In the absence of payment within the stipulated periods, withdrawal shall be deemed to have occurred and the sale will be reported on the "e-leilões.pt" portal, and the measures provided for in Art. 825 of the Code of Civil Procedure shall be taken.