Bankrupt Businessman’s Historic Building in Braga Goes Up for Auction

The Portuguese government is auctioning off a renovated, historic T4 building in the center of Braga, owned by a bankrupt businessman. The property, located on Rua da Boavista, is part of the businessman’s personal insolvency proceedings and is being auctioned through the e-leiloes platform. The starting bid for the building is €440,000, though the property’s assessed value is €109,110.65. The auction is scheduled to close on October 1st at 10:30 AM.