SPECIFIC TERMS AND CONDITIONS

Auction duration:

Start: Tue 03/11/2026 óra 16:00

End: Wed 02/12/2026 óra 16:00

Conditions for visiting the lots:

Visit dates: not visitable. The property is irregularly occupied by third parties.

To receive more information and details: [email protected] – tel. +34 911 875 990

Deposit

To participate in the auction, it is necessary to pay a deposit of EUR 5.000,00.

The deposit must be made by bank transfer to the account indicated below:

BANCO DE SABADELL, S.A.

IBAN: ES24 0081 0682 4100 0189 4093

SWIFT/BIC: BSABESBBXXX

ACCOUNT HOLDER: GOBID ESPAÑA S.L.

Reference: auction number and lot number

The deposit must be paid before the end of the auction. Only once the deposit has been received will the user be authorized to participate in the auction. To speed up participation, it is recommended to send the proof of payment to [email protected].

Creditors with a special privilege over the real estate sold in this auction are exempt from depositing the deposit to bid on the lots over which they hold such credit. To participate in the auction, they must send an email stating their position and submit the documentation required for participation, except for proof of payment of the deposit.

Users who participated in the auction without being awarded any asset will have their deposit returned, without interest, within 20 business days following the conclusion of the auction. The successful bidder will have it returned within 5 business days after the sale is formalized in a public deed, subject to authorization by the Insolvency Administration.

If, after making the deposit and being awarded the lot, the bidder does not complete the acquisition by paying the sale price and the Buyer's Premium, they will lose the deposit, which will be retained as compensation. Half will be transferred to the insolvency estate and the remaining half will be received by the specialized entity as management expenses. In this case, the award will be attributed to the next best bidder who has made a bid equal to or higher than the reserve price; otherwise, it must be approved by the Insolvency Administration.

Charges and encumbrances

The sale will be made free of charges and encumbrances, except for rights limiting ownership, legal easements and the corresponding urban planning charges.

Taxes, levies and duties relating to the award, sale or transfer of each asset will be for the account and responsibility of the successful bidders or buyers, who will also assume notarial, registry and any other expenses related to the sale, including municipal capital gains tax. In no case will the insolvent company bear any expense derived from the sale. Likewise, any outstanding amounts that may exist as Property Tax, urbanization fees and community expenses, as well as fees and all types of accrued and unpaid expenses of the insolvent company that encumber the assets, will be for the buyer's account.

The Court will only issue the orders for cancellation of charges once the Insolvency Administration certifies the effective transfer of the assets.

The Insolvency Administration will request the Court to cancel the charges and registry annotations, both from attachments and arising from the insolvency proceedings. The resulting expenses will be borne by the acquirer.

Award of the lots

At the end of the auction, if the winning bid is equal to or higher than the reserve price, the award confirmation will be sent to the best bidder with instructions to make payments within the established deadlines.

If the bid does not reach the minimum or reserve price, the award must be approved by the Insolvency Administration.

Warning: the Insolvency Administration reserves the possibility of communicating the winning bid to the Court for approval. In that case, only once the bid has been approved by the Court will the award confirmation be sent to the best bidder with instructions to make payments within the established deadlines.

Method of participation

To participate in the auction, the user must register on the website www.gobid.es with their personal data, request registration for the auction and accept its terms and conditions.

The data entered at the time of registration will be used for the award of the sale and for the transfer of ownership of the lots. All required payments, before and after the sale, must be paid by the registered users. Only powers of representation with authorization from the Insolvency Administration will be accepted.

The user must deposit the required deposit to participate in the auction into the bank account indicated above, specify the auction number and the number of the lots in which they wish to participate, and at the same time send proof of the transfer to [email protected].

The deposit must be credited before the end of the auction.

In addition to the deposit, to be authorized to participate in the auction, the user must send to [email protected] the following documentation:

Natural person:

- Copy of the valid ID document of the person to whom ownership of the lot will be transferred.
- If the bidder is married under the community property regime, copy of the spouse's ID document (not necessary for enabling participation in the auction, but required in case of award).

Company or entity:

- Copy of the company's incorporation deed and the powers granted to the bidder.
- Copy of the valid ID document of the administrator or legal representative.
- Sworn translation of the incorporation deed, if the company is not Spanish.
- Notarial power of attorney, in case of participation through a representative.

Payment method

Payment of the Buyer's Premium must be made entirely by bank transfer to the account communicated together with the award confirmation (see the general auction conditions).

The provisional successful bidder must deposit into the insolvent company's account, which will be indicated with the award confirmation, the total auction price plus the applicable IGIC, within the established deadline (see the general conditions).

The costs of transfer of ownership, notarial deed and cancellation of charges or encumbrances in any public registry must be deposited before the date set for formalization of the sale. Once all amounts have been paid, ownership will be transferred by notarial deed, according to the conditions established by the Insolvency Administration.

Payment deadline

Payment of the Buyer's Premium must be made within 10 days from the award communication.

Payment of the award price must be made within 20 days from the award communication.

Subject to authorization by the Insolvency Administration, the auction price may be paid at the time of formalization of the sale before a notary, by bank check.

Transfer of ownership

Formalization of the sale of the property will be carried out by public notarial deed according to the conditions established by the Insolvency Administration, only once the award price, fees (Buyer's Premium) and other expenses derived from the purchase have been paid. All costs will be borne by the successful bidder.

Formalization must be carried out within a maximum of 30 days from sending the award confirmation. Only the The Insolvency Administration may extend this deadline.

The Insolvency Administration shall ask the Clerk of the Court to release the liens, charges and annotations arising from the insolvency proceedings that encumber the transferred assets, by issuing the corresponding court orders. The costs of such releases shall be borne by the winning bidder.

If the highest bidder designated as winning bidder does not attend the execution of the documents required for the transfer, the specialized entity, in agreement with the Insolvency Administration, may deem the bidder to have withdrawn their purchase offer without the need for an express judicial declaration or summons. The amount paid as Buyer's Premium shall be forfeited and retained as compensation. The deposit shall be retained under the terms indicated in the section "Deposit".

An administration fee is established, fully borne by the winning bidder, intended to cover the sale formalization service organized by the specialized entity. This fee shall be a fixed amount that may not exceed EUR 300. The exact amount appears in the lot sheet under "Administration fees".

Other specific conditions

Buyer's Premium: the bidder who becomes the final winning bidder must pay the fees of the specialized entity, set at 5,00 % of the final award price of each lot, plus applicable IGIC. The Buyer's Premium shall have a minimum amount of EUR 500 (plus applicable IGIC) per lot.

Payment of the Buyer's Premium shall correspond to the purchaser or winning bidder, whether or not they are the creditor with special privilege.

Assets subject to privileged claims

Creditors with special privilege shall not be obliged to deposit the security deposit.

The holder of the claim with special privilege is given the option to assign the award obtained.

The creditor with special privilege, in the event of an award, shall be obliged to pay the fees of the specialized entity.

Award taxes: the Canary Islands General Indirect Tax (IGIC) or, where applicable, the Transfer Tax shall apply, depending on the applicable regulations and the status of the winning bidder.

Extra time: if any user places a bid in the last 5 minutes, the deadline will be extended by 5 more minutes and the countdown will restart, and so on successively until no offer is made in the last 5 minutes. In the case of a proxy bid, automatic increments will also extend the deadline.

Property condition: the sale is made in the condition in which the asset is found, both in its physical configuration and its legal situation. It is expressly stated that the property is occupied irregularly by third parties, without this giving rise to any claim, price review or withdrawal from the offer. Anyone submitting an offer also accepts the current land registry and planning conditions of the property.

All expenses caused by the disposal shall be borne by the winning bidder, including those for transfer of ownership, notarial deed and cancellation of charges or encumbrances in any public registry.

The winning bidders or purchasers expressly waive any claim regarding the condition of the asset. Neither the Insolvency Administration nor GOBID ESPAÑA S.L. shall be liable for the physical, legal or possessory condition of the property, which is transferred as a specific asset.

The sale does not entail any type of subsequent warranty for lack of conformity of the asset, so no purchaser or interested party may claim it.

Therefore, the existence of possible damage or defects in the asset sold shall not give rise to any action, judicial or extrajudicial, for indemnification or compensation.

Any liability of the specialized entity for the existence of third-party rights over the assets subject to the sale is excluded.

The buyer assumes their own expenses and responsibilities for verifying the conformity of the asset offered for sale.

Any liability of GOBID ESPAÑA S.L. arising from errors or inaccuracies in the translation of the texts and material published on the website is excluded.