SPECIFIC TERMS AND CONDITIONS

Duration of the sale:

Start: gio 24/07/2025 uri 13:00
End: ven 12/09/2025 uri 13:00

Conditions for viewing the lots:

Viewing dates: by appointment only

To book visits and receive more information and details:

To book visits and receive more information and details: comercial@gobid.es - tel +34.911.875.990

Deposit

In order to submit an offer, a deposit of €340,000.00 is required.

The deposit must be made via:

Bank transfer to the following account:

BANCO DE SABADELL, S.A
IBAN: ES24 0081 0682 4100 0189 4093
SWIFT/BIC: BSABESBBXXX

ACCOUNT HOLDER: GOBID ESPAÑA S.L.
Reference: Sands Beach Resort Offer

Send proof of payment to info@gobid.es.

The deposit must be credited to the indicated account before the end of the offer collection period. Only once the deposit has been credited will the offer be considered valid and submitted for review by the Insolvency Administration.

Offers must be submitted according to the procedures described below and at least 72 hours before the end of the sale, to allow sufficient time for analysis, validation, and user authorization. Offers submitted after this period are not guaranteed to be approved.

Users who participated in the offer collection but were not awarded any asset will receive their deposit back within 30 working days from the conclusion of the sale.

If, after making the deposit and being awarded the lot, the bidder fails to complete the purchase by paying the sale price and Buyer’s Premium, the deposit will be retained. In this case, the next best offer will be presented to the Court for approval.

Liens

All assets and rights included in the perimeter of the sale of the productive unit will be transferred to the buyer free of liens and encumbrances.

Orders for the cancellation of liens will only be issued by the Court once the Insolvency Administration provides evidence of the effective transfer of assets and, in the case of assets subject to special privilege, payment to the privileged creditor.

The Insolvency Administration will request the Court to cancel all liens and registration notes, including those resulting from the insolvency proceedings. Related expenses will be borne by the purchaser.

Participation and award procedure

The Offer Collection with competitive sale will be conducted according to the following instructions:

Requirements to submit an irrevocable acquisition offer.

The user must complete the following steps:

1 - Register on the sale page
Register on the website www.gobid.es, entering personal data and accepting the general and specific conditions of the sale.

2 - Submission of offer form
Submit the offer form published online, duly signed to accept these conditions, by sending it to info@gobid.es along with proof of the deposit transfer.

3 - Submission of Irrevocable Offer, in accordance with the Liquidation Plan
An irrevocable acquisition offer must be submitted in accordance with the Liquidation Plan approved by the Court. Relevant documents (Liquidation Plan, Approval Order, Plan Amendment and Approval Order for the Amendment) are available on the sale page.

Submitting the offer along with the deposit implies full acceptance of the terms of use of the www.gobid.es platform, the general and specific conditions of this offer collection, and agreement with all documentation published on the sale page.

The irrevocable offer constitutes a formal acquisition commitment by the bidder.

The data provided by the user when registering on the auction page will be the same used for the award.

Offers received at the indicated email address will be reviewed by the Principal, who must analyze and validate them. If validated, the offer will be formalized and the user will be authorized for the competitive sale.

The Principal reserves, at their sole discretion, the right to accept or reject the irrevocable acquisition offers submitted by bidders. Offers deemed invalid or insufficient will not be accepted. If the offer is not validated, the deposit will be refunded within a maximum of 5 working days from the end of the sale.

If the offer is validated, its economic value will be determined depending on whether the offer is conditional on staff reduction and deferred payment, as set out in the liquidation plan, and the bidder will be notified of the validation and the applicable amount.

Once the "initial" offer is validated, the bidder will be authorized for the competitive sale and may increase the price. In the case of deferred payment offers, improvements made during the competitive sale will apply only to the deferred payment portion. These improvements will be updated using the Net Present Value (NPV) formula, applying a 4% discount rate. The resulting improvement amount will be split equally and integrated into the same deferred payment installments set in the initial offer, without altering the schedule.

NB: In the competitive sale, no other elements of the initial offer may be modified, only the price may be increased, all other terms remaining unchanged.

Competitive Sale:

The irrevocable acquisition offer will be formalized by the Agent, on behalf of the user, through an online offer on the platform.

The Agent will inform all users whether or not they are the highest bidder at the time of finalizing the irrevocable acquisition offer mentioned above. From that point on, the user may increase the economic value of their offer in competition with others, being able to see in real time which is the highest bid.

At the end of the competitive sale and once the highest bid has been obtained, the Insolvency Administration will inform the Court to obtain the judicial award order or authorization to sell by the insolvency administration, if necessary.

Only after the offer is approved by the Court will a confirmation of award be sent to the highest bidder with payment instructions and deadlines.

Payment method

The provisional awardee must pay, at the time of formalization, the total purchase price plus VAT (if applicable) within the established period.

Any expenses related to ownership transfer, notarization, and possible cancellation in any public registry of liens or encumbrances must be paid before the scheduled formalization date. Once all amounts are paid, ownership will be transferred via notarial deed under the conditions established by the Principal.

The Buyer’s Premium must be paid in full via bank transfer using the account provided in the award confirmation.

Payment deadlines

The formalization and payment of the Productive Unit must be made within 30 calendar days from the award notification.

The Buyer’s Premium must be paid within 15 calendar days from the award notification.

Transfer of ownership

The formalization of the sale of the Productive Unit will be carried out, as decided by the Court, either by judicial award order or by authorizing the insolvency administration to sell through a public notarial deed under the conditions established by the Insolvency Administration.

In any case, the transfer will only take place once the award price, fees (Buyer’s Premium), and any other purchase-related expenses are fully paid, all at the buyer’s expense.

The Principal will request the Judicial Secretary to lift any embargoes, liens, and annotations resulting from the insolvency proceeding through the issuance of the corresponding orders. Any related costs will be borne by the buyers.

If the highest bidder, after being awarded the lot, fails to appear to sign the necessary documents to formalize the transfer, and without any judicial requirement, the Agent, in agreement with the Principal, may consider the purchase offer withdrawn. In such a case, all amounts paid to date will be forfeited as compensation.

Administration fees, entirely borne by the awardee, will be charged to cover the formalization service organized by the Agent. The administration fees are detailed in the relevant lot description under "administration fees."

Other specific conditions

Buyer's Premium: 

The above mentioned percentage charge will be applied according to the modes shown in the following table:
 

DECREASING BUYER'S PREMIUM WITH GRADUAL STAGGERS
From - to	€ 0,00	€ 1.500.000,00	4% + VAT
From - to	€ 1.500.000,01	€ 2.800.000,00	3.5% + VAT
From - to	€ 2.800.000,01	€ 4.000.000,00	3% + VAT
Beyond	€ 4.000.000,01		2.5% + VAT

The Buyer’s Premium is calculated in progressive segments, each applying a decreasing percentage as the segment increases.

For each awarded price, the corresponding Buyer’s Premium will be the sum of the percentages calculated for each segment, according to the table.

The Buyer’s Premium is to be paid by the buyer or awardee, whether or not they are the privileged creditor.

Award Taxes: VAT and/or any applicable taxes will apply according to the legislation and the awardee.

Extra-Time: If a bid is placed in the last 5 minutes, the period will be extended by 5 more minutes, restarting the countdown. This continues until no bids are placed in the last 5 minutes. In the case of a maximum bid (proxy bid), automatic increases will be valid for extending the extra-time.

The sale of the assets will take place in the condition in which they are found, both in terms of physical configuration and legal status. Furthermore, any bidder submits an offer accepting the current registry and urban planning conditions.

By merely submitting a purchase offer for the productive unit through the Gobid España SL online platform, both the bidder and the awardee declare and accept that they are aware of the condition of the facilities, the legal, urban, registry, and administrative status of all properties, the administrative and legal status of the licenses for business activity and trademark, the condition of the technical facilities, machinery, equipment, other fixed assets, vehicles, IT equipment, furniture, or any other movable or immovable assets, the almost zero probability of recovering any credit rights, loans, financial investments, granted guarantees, the absence of bank account balances, and the knowledge of the lease contracts being transferred. The bidder or awardee expressly declares they know and accept the content of the judicial documentation (Liquidation Plan, Approval Order, etc.). These documents are available in a Data Room on the sale page, accessible only after signing a confidentiality agreement. They also acknowledge and accept the general and specific terms of the Gobid platform and declare to have received all necessary information to voluntarily, freely, and knowingly submit their offer.

Buyers or awardees of any lot or asset expressly waive any claims regarding the condition of the asset. To this effect, interested parties may request in advance to inspect the asset on specific days set for this purpose. Transfer will therefore occur on an “as-is” basis.

There is no post-sale guarantee for non-conformity of the asset, so no claims may be made by any buyer or interested party.

Therefore, any potential damages or lack of quality in the sold goods will not give rise to any extrajudicial or judicial compensation claims.

The Agent disclaims any liability regarding the existence of third-party rights on the sold goods.

The sale is made with the buyer obliged to bear their own costs and responsibilities in verifying the asset’s actual conformity.

Gobid España SL disclaims any liability for errors or inaccuracies in the translation of texts and materials published on the website.

In case of disputes regarding the interpretation of the provisions contained in the general and specific conditions published on the platform and possibly translated into other languages, the Spanish version of the text shall prevail.