Spacious 6 bedroom Manor House for sale with panoramic view in Palmela, Alentejo Southern Portugal
The 6 bedroom property come with living space of almost 300m2 and is spread over three floors:
Ground floor - a 150m2 room, which includes a wine cellar, a living room and a dining room, a 25m2 totally fitted kitchen with pantry, a 20m2 bedroom suite, with fitted wardrobes and a guest bathroom.
First floor - bedroom suite, with direct access to a balcony, two suites and a 60m2 Master Suite that includes two closets and has direct access to a big terrace.
Second floor -a 40m2 suite and a 26m2 storage a...
The 6 bedroom property come with living space of almost 300m2 and is spread over three floors:
Ground floor - a 150m2 room, which includes a wine cellar, a living room and a dining room, a 25m2 totally fitted kitchen with pantry, a 20m2 bedroom suite, with fitted wardrobes and a guest bathroom.
First floor - bedroom suite, with direct access to a balcony, two suites and a 60m2 Master Suite that includes two closets and has direct access to a big terrace.
Second floor -a 40m2 suite and a 26m2 storage area.
On the ground floor there is a corridor that accesses the garage, with parking space for two cars, a technical room and a laundry area.
The house was built with high quality materials and it presents premium finishes. It is equipped with a heating and cooling system supplied by a heat pump, a video surveillance system and a borehole.
The outside area of this house also includes, besides an ample parking area, a shed with a barbecue area, a kitchen and a heated swimming pool with a waterfall.
The plot also comes with an automatic watering system, fruit trees and two annexes to store the gardening and the maintenance equipment.
The property is located in Palmela, only 5 minutes away from the St. Peter's International School and the centre of Palmela and only 10 minutes away from the Vasco da Gama bridge.
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This Manor House is located in Palmela 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.