Renovated 2 bedroom Apartment for sale with panoramic view in Obidos, Central Portugal
This beautiful apartment is in immaculate condition having been recently painted both inside and out and features 5 balconies to enjoy sunshine throughout the day.
The accommodation comprises private outdoor stairs leading to a small terrace with front door leading through to the entrance hall with doors off to all rooms.
The fully fitted kitchen is complete with appliances including a dishwasher, washing machine, fridge-freezer and electric oven with gas hob.
French doors lead to a terrace with spac...
This beautiful apartment is in immaculate condition having been recently painted both inside and out and features 5 balconies to enjoy sunshine throughout the day.
The accommodation comprises private outdoor stairs leading to a small terrace with front door leading through to the entrance hall with doors off to all rooms.
The fully fitted kitchen is complete with appliances including a dishwasher, washing machine, fridge-freezer and electric oven with gas hob.
French doors lead to a terrace with space for a table and chairs.
The cosy living room features a recuperadore fireplace, and has plenty of space for relaxing and dining.
A glazed door leads out to the kitchen terrace and French doors lead to another terrace suitable for more al fresco dining. A second set of French doors lead to a further terrace over looking the fabulous swimming pool.
The two double bedrooms both have large wardrobes with stylish light wood doors, and French doors to a shared balcony which over looks the 6th tee.
The well appointed bathroom features a bath tub and marble topped vanity unit.
From the hallway there is also a door through to a useful store room.
The furniture is available by separate negotiation.
Outside there is plenty of parking in the quiet cul-da-sac.
Landscaped gardens surround the large, heated swimming pool that is for exclusive use of the surrounding apartments.
The apartment is licensed for holiday rentals and is in a quiet location just a few minutes from the beach and a short walk to the Praia del Rey Clubhouse.
The towns of Obidos, Peniche and Caldas da Rainha are all close by and Lisbon is less than an hour's drive.
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This Apartment is located in Obidos 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.