12 bedroom Estate for sale with countryside view with Income Potential in Ferreira do Alentejo, Ferreiras, Alentejo Southern Portugal
Situated between cork oaks and the vast plain that stretches as far as the eye can see, this magnificent property has now been transformed into a rural tourist business.
Here one can participate in several outdoor activities in perfect harmony with nature. The property covers 2.8 hectares of a fully fenced land and has registered the following buildings: -
The main house is composed of 5 en suite bedrooms, a living and dining room with f...
Situated between cork oaks and the vast plain that stretches as far as the eye can see, this magnificent property has now been transformed into a rural tourist business.
Here one can participate in several outdoor activities in perfect harmony with nature. The property covers 2.8 hectares of a fully fenced land and has registered the following buildings: -
The main house is composed of 5 en suite bedrooms, a living and dining room with fireplace and television, equipped with games, such as snooker, chess, poker or the option of karaoke, a fitted kitchen and bathroom.
There are 3 outdoor villas, each with 2 bedrooms, bathroom, living room with kitchen and porch with barbecue.
One of the suites is specially adapted for people with reduced mobility; - a small villa with an en suite with wardrobe, open plan living and dining room with fireplace and kitchen, and heat recovery unit.
In addition, a charming outdoor swimming pool stands out.
At the Pedagogical Farm, families can enjoy unique moments, interacting with the resident animals.
The site has a lake inhabited by ducks and geese, as well as donkeys, ponies, goats, sheep, pigs and various birds.
The property's strategic location puts the Roxo and Odivelas Dams at a distance of 17 km and 25 km respectively, providing convenient proximity to these points of interest.
This property is more than just a space; it is a haven that harmonizes luxury with simplicity, offering an authentic experience in the heart of the Alentejo serenity.
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This Estate is located in Ferreiras 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.