1/2 Bare Ownership of Apartment in Lapa - Lisbon

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

The fiduciary depositary did not authorise photographing of the interior, as he resides in the property with his household; however, access was granted to the Enforcement Agent.
Despite the description in the Property Certificate 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 backyard at the rear with an annex.
Overall, the property is in good state of repair.

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 a bid, you must check the condition of the asset, as it is sold in the physical and legal state in which it stands. The areas indicated are for reference only, as no exact measurements were taken on site. Before making bids, prospective buyers should familiarise themselves with the qualities and characteristics and all other aspects they consider relevant, no liability being accepted for its state of repair.
• Pursuant to 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 the state in which it stands, exempt from the licence of use or construction, the absence of which the entity competent to formalise 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 conclusion 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 of the location of the properties, it being the purchasers' responsibility to submit 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• Once a bid has been submitted, it cannot be withdrawn.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 for the purchaser to submit 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, order the attachment of the assets of the bidder who wins the auction and fails to deposit the price – read carefully the provisions of article 825, no. 1, subparagraph c) of the Code of Civil Procedure.