11 bedroom House for sale with sea view with Income Potential in Oeiras, Central Portugal
Situated one minute from the sea on the Cascais-Lisbon coastline, this is an unrepeatable property. With a plot of 1,026m2 and a total construction area of 1,332m2, it enjoys exceptional proximity and access to the beach, yet is set back far enough to enjoy the tranquillity of the gardens surrounding it.
Comprising 3 floors plus basement with lift, it is distributed as follows:
On the ground floor is a large entrance hall, an office, 3 a...
Situated one minute from the sea on the Cascais-Lisbon coastline, this is an unrepeatable property. With a plot of 1,026m2 and a total construction area of 1,332m2, it enjoys exceptional proximity and access to the beach, yet is set back far enough to enjoy the tranquillity of the gardens surrounding it.
Comprising 3 floors plus basement with lift, it is distributed as follows:
On the ground floor is a large entrance hall, an office, 3 adjoining rooms totalling 96.5m2 with access to a spacious terrace, the garden and pool. A good size fitted kitchen, 3 bathrooms and a laundry room, are also on this floor.
2 suites, 2 bedrooms and a living room with access to a large terrace with outdoor fireplace and indoor pool, are on the first floor.
On the 2nd floor is a living room with access to a terrace with great views of the beach and sea, 3 bedrooms and a kitchen.
On the lower ground floor is a semi-underground basement, a kitchen, living room, 2 bedrooms, 1 suite, a wine cellar, games room and around 100m2 of storage areas that could be used for other purposes.
The large garden has an outdoor swimming pool with excellent sun exposure, and a manned gate with direct access to the municipal garden and the beach, which is less than 150 metres away.
Privileged location with excellent access. All kinds of public transport within 200 metres (bus, train, taxi), restaurants, 5 minutes walk from the historic centre of Santo Amro, where there are all kinds of services and shops. A 5 minute drive from the Nova School of Business and Economics and the renowned international school Saint Julian's.
Characterised by its mild climate, Oeiras is one of the most developed municipalities in the country, being in a privileged location just a few minutes from Lisbon and Cascais and with superb views over the river and sea. The restored buildings full of charm cohabit in perfect balance with the new constructions. The sea front promenade accesses the fantastic beaches along the line.
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This House is located in Oeiras 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.