Rural property in Porto Santo

84/864 shares of the rural property corresponding to dry-farmed arable land, at the parish of Porto Santo, municipality of Porto Santo, described at the CRP of Porto Santo under no. 8597, and registered in the tax matrix under article 145, section J.

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

GENERAL RECOMMENDATION – ELECTRONIC AUCTIONS

• Before submitting an offer, 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 offers, potential interested parties should inform themselves of the qualities and characteristics and of all other aspects they consider relevant, and no liability is accepted for its state of repair.
• Under no. 6 of article 833 of the CPC, the sale of a property in which urban construction has been, or is being, carried out, or of a fraction thereof, may take place in its current state, without the need for the licence of use or construction, the absence of which the entity competent for formalising the act records in the document, and it is the purchaser's obligation to legalise it.
• Once an offer has been submitted, it cannot be withdrawn.
• The price assigned to the asset for sale does not include the taxes due on the transfer, whether IMT, IS, VAT or other special taxes, and the purchaser must submit a declaration proving payment of them or that the transfer of the assets is not subject to them.

• DEPOSIT 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, arrange the seizure (arresto) of the assets of the bidder who wins the auction and does not deposit the price – read carefully the provisions of article 825, no. 1, point c) of the Code of Civil Procedure.