Estate for sale with countryside view with Income Potential in Santiago do Cacem, Alentejo Southern Portugal
The beauty and the serenity of this property would convert well into the ideal scenario for a rural farm, a wellness project or a tourist investment.
Infrastructures and Construction Potentials:
• Family house: 500m2 with a 50m2 swimming pool
• Agricultural Outbuildings: 3,530m2
• Country Houses or Agrotourism: 4,000m2
• Rural hotel: 6,000m2
Characteristics of the Land:
- Cork production: Approximately 400...
The beauty and the serenity of this property would convert well into the ideal scenario for a rural farm, a wellness project or a tourist investment.
Infrastructures and Construction Potentials:
• Family house: 500m2 with a 50m2 swimming pool
• Agricultural Outbuildings: 3,530m2
• Country Houses or Agrotourism: 4,000m2
• Rural hotel: 6,000m2
Characteristics of the Land:
- Cork production: Approximately 400 arrobas per harvest
- Natural Limits: Bathed by the Perianes Stream, which runs from autumn to spring
Energy and Water Infrastructure:
- Sustainable Solutions: Off-grid energy system, with solar panels and batteries installed in 2021, guaranteeing autonomy in water and electricity
- Technical room: Dedicated space for water and electricity management
Additional Accommodation: - Mobile Home: Unit of 37m2, surrounded by a wooden deck of 100m2, offering a practical and comfortable option for a temporary stay or support to the activities on site.
This property is distinguished by its location, privileged views and infrastructures that make it perfect for various types of projects, combining sustainability and serenity in one space.
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This Estate is located in Santiago do Cacem in Portugal
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Buying a Property in Portugal
1. Signing a Letter of Intent
On finding a property you wish to purchase, your agent will draw up a 'Letter of Intent, this will be signed by both parties, vendor and buyer. Copies of this will be given to the legal representatives of both parties and will be used in preparing the Promissory Contract. Included in this letter will be the price, what is included in the sale, furnishings etc. and any conditions of the sale plus the dates for both exchange and completion.
2. Exchange of Promissary Contract (Contrato Promessa de Compra e Venda)
The buyers lawyers are responsible for drawing up the promissory contract (Contrato Promessa de Compra e Venda) and as part of the process they will have carried out the legal searches and made sure that there are no charges, e.g. utilities, property tax etc. against the property. The contract will contain details of both parties and include clear title of ownership, when payments are due to be made, the completion date and an inventory, if required. The Promissory Contract is legally binding and will generally be signed by both parties and witnessed by a notary/lawyer. The contract will include penalty clauses in case either party does not fulfill the terms of the contract. A 10%, non-refundable deposit is required at this point, this will be paid to the vendor, through the lawyer's client account. Once the contract has been signed, if the vendor pulls out of the contract, they will be obliged to pay back double the deposit to the purchaser. If the purchaser pulls out, they will lose their deposit.
3. On Completion
The amount of time between signing the Promissary Contract and Completion will vary and will have been agreed in the contract. Before Completion your lawyer will need to arrange with a fiscal representative for you to obtain a Portuguese Fiscal Number. The official Deed of Transfer of ownership (the Escritura) will be signed by you (or someone representing you with your Power of Attorney), this is signed at the Notary and they will retain the document. The Deed will be read aloud by the Notary before all participants sign it. Your lawyer will need to check to ensure that you understand what is being said if you do not understand Portugese. The Escritura, once it has been signed, will officially give you ownership of the property, but will still need to be registered in your name on the Land Registry (Registo Predial) by your lawyer. Your lawyer should obtain a copy of this for your records. Once you have completed, the new utility contracts can be transferred into your name by your lawyer.