House in Fornelos

Urban property consisting of a storey house and shop, situated in Costinha, Fornelos, registered in the respective land registry under article 43.º of the Union of Parishes of Louredo and Fornelos and described at the Santa Marta de Penaguião Land Registry Office under no. 338 of the parish of Fornelos.

• By submitting a bid, it is presumed that the bidder has verified the condition of the property, and verifying the condition of the asset to be acquired is their sole responsibility, so they should ensure that it is in the desired condition • The failure of the bidder to do so does not, under the law, result in the annulment of the sale • Interested parties are advised that viewings must be arranged in advance through the contacts listed in the respective viewings field • No viewings will be arranged in the last 5 working days before the auction end date • If the price is not deposited within 15 (fifteen) days, the Enforcement Agent may, with prior judicial authorisation, seize the assets of the bidder who wins the auction, pursuant to article 825, no. 1, para. c) of the Code of Civil Procedure • If the highest bid is below the reserve price but of considerable value, it may be submitted for consideration by the parties or even for review by the Honourable Judge, so that it may be accepted • The sale may possibly be suspended in the event of insolvency of the judgment debtor(s), payment of the debt or any irregularity rendering the sale invalid, and the right of redemption or the right of pre-emption may also be exercised. • Warnings to note: 1) Pursuant to article 833, no. 6 of the Code of Civil Procedure, this transfer is exempt from the requirement to present a licence of use or construction, and the purchaser is warned of the burden of legalising the property, if necessary. 2) If bidding on behalf of or representing a third party, you must ensure you have sufficient powers for the act, whereby: - If bidding on behalf of a legal entity, you must be its legal representative, in accordance with the company's articles of association. - If it is a natural person, you must be in possession of the appropriate power of attorney, which must subsequently be presented in the relevant enforcement proceedings.