1/2 Bare Ownership of Apartment in Lapa - Lisbon

1/2 bare ownership of the autonomous unit designated by the letter A, of the urban property situated in the parish of Lapa, municipality of Lisbon, described at the Lisbon Land Registry under no. 89 and registered in the property tax register under article 2373, corresponding to a ground floor for residential use and an annexe at the rear.

The court-appointed custodian did not authorise photographing the interior, as he resides in the property with his household, although access was granted to the Enforcement Agent.
Despite the description in the Property Booklet and Permanent Certificate, the following was verified on site:
The property corresponds to a typology 3 apartment, within a three-storey residential building without a lift.
Comprising two entrance halls, two living rooms, three bedrooms, a kitchen and three bathrooms.
It also has a back yard with an annexe.
Overall, the property is in good state of conservation.

Bidders are advised that requests to inspect the assets must be made at least 8 days before the auction closing date.

GENERAL RECOMMENDATION – ELECTRONIC AUCTIONS

• Prior to submitting a bid, you should check the condition of the asset, as it is sold in its physical and legal state as it stands. The areas indicated are for reference only, as no exact measurements were taken on site. Before submitting bids, prospective buyers should familiarise themselves with the qualities, characteristics and all other aspects they consider relevant, and no liability is accepted for its state of conservation.
• Under no. 6 of article 833 of the CPC, the sale of a property on which urban construction has been, or is being, carried out, or of a part thereof, may take place in its current state, exempt from the utilisation or construction licence, the absence of which the competent entity for formalising the act records in the document, it being the purchaser's responsibility to legalise it.
• As follows from no. 1 of article 54 of Law 91/95, of 2/9, as amended by Law no. 64/2003, of 23 August, the execution of any acts or legal transactions that may result in the creation of co-ownership or an increase in the number of co-owners of rural properties requires a favourable opinion from the municipal council where the properties are located, the purchasers being responsible for submitting it.
• Once a bid has been submitted, it cannot be withdrawn.
• The value assigned to the asset for sale does not include the taxes due on the transfer, whether IMT, IS, VAT or other special taxes, and it is the purchaser's responsibility to present a declaration proving payment of these or that the transfer is not subject to them.

• Payment of the price within fifteen days is MANDATORY. If the price is not deposited within that period, the Enforcement Agent may, with prior judicial authorisation, arrest the assets of the bidder who wins the auction and fails to deposit the price – read carefully the provisions of article 825, no. 1, point c) of the Civil Procedure Code.