Character 20 bedroom Palazzo for sale in Santarem, Central Portugal
The main house, dating from 1861, belonged to a renowned family in the region for several generations and currently requires rehabilitation works.
It comprises 3 floors and has 21 bedrooms, high ceilings and crafted ceilings, a library that occupies 3 divisions, several halls with fireplaces and paintings and a huge terrace overlooking the Tagus River that is about 500 metres away.
The property also includes a private chapel with entrance through the main street, ...
The main house, dating from 1861, belonged to a renowned family in the region for several generations and currently requires rehabilitation works.
It comprises 3 floors and has 21 bedrooms, high ceilings and crafted ceilings, a library that occupies 3 divisions, several halls with fireplaces and paintings and a huge terrace overlooking the Tagus River that is about 500 metres away.
The property also includes a private chapel with entrance through the main street, a garden area next to the palace, a riding arena, a water tank and a set of annexes scattered throughout the plot.
Being a 1h30 drive from Lisbon and only 30 minutes away from Santarem, this property can be a good investment to convert into a rural tourism or boutique hotel.
The Portuguese capital is where everything happens: from its historical neighbourhoods to the vibrant streets, Lisbon is a city that keeps surprising. You can take a stroll in iconic avenues, such as Avenida da Liberdade, be delighted with the Belem custard tarts without forgetting the various cultural offers and the countless museums of the city.
This is an urban oasis perfect for Portuguese pavement lovers and also for the ones who rejoice modernity.
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This Villa is located in Santarem 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.