New auction of 7 peso property and no heir: how and who can join

City Bank will do a new auction of 7 peso properties and vacant inheritances, conducted by account and order of the Attorney General of the City of Buenos Aires. The online auction will be next Tuesday, May 24 from 10 am. The properties are located in Caballito, Boedo, San Tempo, Villa Crespo, Congreso and Flores and the base prices are between $ 4,000,000 and 36,000,000.

Those interested can sign up to participate. until May 20 at 1:00 pm The properties up for auction are: two and three bedroom apartments, houses, a townhouse to be recycled, and a commercial space within a gallery. The values ​​of the lots are between 4 and 36 million pesos.

PH has 437 square meters, and a three -bedroom apartment in a historic building (European-style) category located at the corner of Moreno and Solís, a few blocks from the National Congress. This last property is part of the list of properties protected by the City Government of Buenos Airess (GCBA) as architectural heritage. The auction base is $ 36,046,000 and $ 16,080,000, respectively.

“The new online modality of public auctions launched at the beginning of 2020 shows great dynamism in the real estate sector in general, reaching an effectiveness of more than 90% for properties offered in the national currency, and more than 50% for dollar units. In 2021, 40 properties were sold at auction for vacant inheritance, for a total of nearly $ 393 million, ”the lender reported.

Real estate auctions for vacant inheritances are conducted with the aim of allocating a portion of the funds, as established by Law 52 of the CABA Legislature, to public education. Those interested can consult the digital platform (https://subastas.bancociudad.com.ar/) the schedule of all auctionsdisplayed items, along with description, photos and base price of each lot.

What are the 7 properties that have been auctioned

Townhouse at Pringles 210, Almagro

Apartment type townhouse, with independent access, entrance hall, living room, 3 bedrooms, kitchen, 2 bathrooms and patio. The complementary unit is a warehouse, currently one bedroom and walkable terrace. Base Price: $ 8,400,000

Type house chorizo ​​in Metán 3631, Boedo

It is a construction intended for a single-family home, which corresponds to the typology of a chorizo ​​house. It consists of five adjoining rooms (one of which has a wooden mezzanine), two with covered patios, bathroom and kitchen; opposite the dividing wall was a room at the front; and terrace. Base price: $ 4,265,000.

Commercial areas in Caracas 63, Flores

This is a place of business located in the traditional gallery Le Boulevard from the Flores neighborhood; with entrance from Caracas street No. 65. This gallery also has two more entrances from Rivadavia Avenue and Yerbal Street. He is currently unemployed. Base Price: $ 5,226,000.

Type of house chorizo ​​in Basualdo 2611, Copello neighborhood

It is a construction intended for a single-family home, which corresponds to the typology of a chorizo ​​house. Removed from the building line, it consists of a front garden, three adjoining rooms, bathroom, kitchen, galleries, patio; bedroom and terrace above. Base price: $ 12,000,000.

House in Mexico 557, Monserrat

The property is built on the ground floor, between the first floor and first floor, and consists of a series of adjoining rooms leading to two adjoining patios on the ground floor. Base price: $ 36,046,000.

Apartment in Moreno 1702, Monserrat

3-room apartment facing the street on Solís street. There is an access hall, dining room, two bedrooms, kitchen, bathroom, laundry, maid’s room and balcony. Total area 56.30 m2. Base price: $ 16,080,000.

Apartment at Angel J. Carranza 1156, Chacarita

Two-room apartment consisting of living room, 1 bedroom, full bathroom, and separate kitchen. Base price: $ 6,700,000.

Real estate auctions without heirs: participation is possible only with initial registration

To those interested in making offers must register up to 48 business hours before the auction beginsthat is, in this case, until May 20 at 1 p.m.

Participation requires a guarantee deposit of 3% of the base value of the property available (amount will be refunded in full in case no bid is made or the bid is not won, within 7 business days after the auction).

Besidesyou must provide an address in the Autonomous City of Buenos Aires and an emailwhich is not clearly going to be valid for all legal effects arising from this auction.

Real estate auctions without heirs: electronic bidding

On the date and time indicated, Application for bids will begin through the official portal of Banco Ciudad. Bids should only be made through the auction site.

per bidder You can make as many offers as you think are necessary. until it is awarded or exceeded, during the course of the public auction.

The same bidder can make more than one offer for the same good, the one with the highest value always prevails. All offers made are irrevocable and cannot be revoked.

Offers cannot be canceled and/or canceled in any case, declines only once another offer is exceeded. During the procedure, bidders will be able to observe in real time the evolution of the offers made, in value and position.

Each offer made during the bidding period must exceed the previous offer, whether owned or from another bidder, in the amount of at least $ 10,000.

Extension closing: the online auction has a scheduled time

In case a offer within the last ten (10) minutes prior to closing, the stopwatch will add five 5 minutes more so that all interested bidders have the opportunity to make new offers. The closing procedure of this extension will be carried out by adding five 5 minutes each time a new offer is received, until no offer exceeds the one with the highest value.

How is the award

later, within 48 business hours after the auction (immediately after completion the winner will receive an email with notification of the award of the lot), payment of 10% of the sale price must be made as down payment, and 3% equivalent of the commission plus VAT.

Once this is received, the funds pledged will be returned as collateral. The total balance aggregation will be carried out in terms of working hours, to be presided over by the Attorney General.

Step by step, how to participate

• Those interested must have an electronic device such as a tablet, notebook, PC, smartphone or similar with a WIFI connection.

• Register as a user through Self-Management at https://subastas.bancociudad.com.ar/.

• Enter the Auction of interest at https://subastas.bancociudad.com.ar/ 4. Read the Terms of Sale.

• Make the transfer of the security value that allows participation*.

• Receiving an authorization email to bid *the guarantee amount is 3% of the base value of the property, this percentage depends on the specific conditions of each auction.

YN