Character 4 bedroom House for sale with sea view and countryside view in Sao Bras de Alportel, Algarve
Set on a sprawling plot, this is an incredible canvas to create a luxury mansion with annexes set in a fairy-tale "wild" garden to add to the beauty of this rare property. There are various mature trees and indigenous plants which infuse the air with lovely perfumes.
Main house - 183m2:
Ground floor: entrance hall, various reception rooms or offices, bathroom and cloakroom.
First floor, which is accessed via an outdoor staircase: large bright living room with a fireplace and private balco...
Set on a sprawling plot, this is an incredible canvas to create a luxury mansion with annexes set in a fairy-tale "wild" garden to add to the beauty of this rare property. There are various mature trees and indigenous plants which infuse the air with lovely perfumes.
Main house - 183m2:
Ground floor: entrance hall, various reception rooms or offices, bathroom and cloakroom.
First floor, which is accessed via an outdoor staircase: large bright living room with a fireplace and private balcony overlooking the beautiful gardens, Sao Bras down to the sea. Kitchen, 4 more rooms and a family bathroom. This part has underfloor heating.
The renovation is advanced to highest standard with a new roof, completely new electric installation and aluminium double glazed windows.
From this stage it is possible for new owners to choose materials to personal tastes.
Plenty of water- antique wells and a new bore-hole.
Outbuildings - 480m2: multilevel villa, guest chalet, garages or additional accommodation and a chapel.
There is permission to build a pool and the possibility to create a rural tourism project and build even more.
This is an extraordinary opportunity to rebuild this estate as a luxury villa with guest accommodation and a private chapel.
Behind the property, to the north, is a plot of 1,250m2 with 25 olive trees and a further separate plot of 1,250m2 across the street.
This property is within walking distance from stores and all amenities. 25 minutes from beaches, 25 minutes from golf courses and 20 minutes from the airport. Sao Bras is a very conveniently located typical Portuguese village, with a good mixture of Portuguese residents and many other nationalities. It has all amenities at hand.
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This House is located in Sao Bras de Alportel 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.