Land Agricultural Ourique - arable crop, cork oaks

Rustic building called MONTE VELHO in OURIQUE, intended for sale in private negotiation in execution process (articles 832 and 833 of the Civil Procedure Code), consisting of arable crops and cork oaks. There is a rural lease contract (intended for agricultural exploration and implementation of exploration, planting and cultivation of any type of crops and animal grazing) that covers the mixed property - Monte Velho - with the rustic matrix nº 55-section II, the property rustic - Monte Velho - with the rustic matrix nº 62-section II and the mixed building - Fazenda Favela - with the rustic matrix nº 3 - section Z. /u00A0
Lease contract signed for 7 years, with the possibility of being renewable for equal periods, starting on 01-11-2019, with an annual value of 10,000.00 euros, to be settled on August 15th of each year, without any specific distribution of the rental value for the 3 items. /u00A0
Eventually, the need to deliver the goods may berequired in accordance with the provisions of article 828 of the C. P. Civil (if applicable). /u00A0
In judicial disposal, the presentation of the energy certificate and use license is not required, with the respective legalization being the burden of the purchaser (if necessary). /u00A0
The sale value of 168,818 euros results from the Valuation Report, completed on January 18,2023, requested by Banco Santander and carried out by an expert valuation member registered with the CMVM. /u00A0
Matrix and building elements:
Rustic Matrix nº 62 – section II, with a total area of 230,500sqm (23.05 ha). /u00A0/u00A0
Ourique Property Registry Office, under form no. 518, located in Monte Velho, parish of Ourique, municipality of Ourique and registered in the urban and rustic property matrix of this parish. /u00A0